Press Releases

McHenry Statement on FDIC Chair McWilliams’ Resignation

Washington, December 31, 2021 -

Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement regarding the resignation of Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams:

“As Chairman of the FDIC, Jelena McWilliams led with skill and integrity,” said Republican Leader McHenry. “Throughout her career she has been a dedicated public servant committed to ensuring the safety and soundness of our financial system. Her thoughtful leadership will be sorely missed as we continue to navigate our nation’s economic recovery. I wish her all the best and know she will continue to serve our country well. 

“Her departure, compounded with the recent attempted power grab by CFPB Director Chopra and now Interim Chair Martin Gruenberg, raises serious concerns about the continued independence of the FDIC. The Biden Administration and Democrats’ support for this unprecedented action exposes their ongoing attempt to politicize our regulators for their own gain. Mr. Gruenberg, who was last confirmed nearly a decade ago and has long outstayed his tenure at the FDIC, is not a suitable replacement and President Biden must move to fill this vacant seat with a leader in Jelena’s mold.”


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