The Chairman of the House Financial Services Committee, Patrick McHenry (R-NC), Ranking Member Maxine Waters (D-CA), U.S. Senator Mike Crapo (R-ID), and U.S. Senator Mark Warner (D-VA) sent a letter to federal financial regulators urging them to implement their respective obligations under the Financial Data Transparency Act (FDTA) as directed by the National Defense Authorization Act for Fiscal Year 2023 (FY23 NDAA) in the timeline set forth by the FDTA. The lawmakers emphasize how doing so wil...
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Supreme Court of the United States (SCOTUS) released its decision in Consumer Financial Protection Bureau et al. v. Community Financial Services Association of America, Ltd., et al. “Despite the setback from today’s ruling, Republicans will continue the fight to rein in the rogue CFPB,” said Chairman McHenry. “To be clear, this Supreme Court opinion yet again emphasize...
Today, the House Financial Services Committee is holding a markup of various measures. These include a slate of financial institutions, capital markets, and housing legislation to improve efficiency and accountability at federal agencies, as well as expand economic opportunity. Watch Chairman McHenry’s opening remarks here. Read Chairman McHenry’s opening remarks as prepared for delivery: “Today, we will consider a slate of financial institutions, capital markets, and housing legislation. “As I ...
Today, the House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), reported eleven pieces of legislation out of Committee favorably to the full House for consideration. These include a slate of financial institutions, capital markets, and housing legislation to improve efficiency and accountability at federal agencies, as well as expand economic opportunity. More information on all eleven bills reported out of the Financial Services Committee can be found below including Mem...
