Today, the House Financial Services Committee is holding a hearing on housing inflation. While Democrats advocate for dumping more taxpayer dollars into ineffective programs and an already overheated housing market, Republicans are pushing for commonsense solutions to make homeownership more accessible by expanding our housing supply. Watch Republican Leader Patrick McHenry’s opening remarks here. Read Republican Leader McHenry’s opening remarks as prepared for delivery: “Thank you, Madam Chair,...
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the Ranking Republican on the House Financial Services Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), led a letter to Susan Collins, President of the Federal Reserve Bank of Boston, about “Project Hamilton,” an initiative to research the development of a central bank digital currency (CBDC). A central bank digital currency is a programmable digital currency issued from a federal re...
Today, the Ranking Member of the House Financial Services Committee, Congressman Patrick McHenry (R-NC), and the Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), announced a bipartisan hearing into the collapse of FTX and the broader consequences for the digital asset ecosystem. In December, the Committee expects to hear from the companies and individuals involved, including Sam Bankman-Fried, Alameda Research, Binance, FTX, and related entities, among ot...
Today, House Financial Services Committee is holding an oversight hearing with the prudential regulators, including Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, Michael Barr; acting Chair of the Federal Deposit Insurance Corporation, Martin Gruenberg; acting Comptroller of the Currency, Michael Hsu; and Chair of the National Credit Union Administration, Todd Harper. Watch Republican Leader Patrick McHenry’s (NC-10) opening remarks here. Read Republican Lead...
