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McHenry Urges Regulators to Implement Regulatory Right-Sizing, Consumer Protection Policies

WASHINGTON – Today, the House Financial Services Committee held a hearing to receive testimony from the Chair of the National Credit Union Administration, Rodney Hood; Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams; Comptroller of the Currency, Joseph Otting; and Vice Chair of Supervision of the Board of Governors of the Federal Reserve System, Randal Quarles. Watch Ranking Member Patrick McHenry’s (NC-10) opening remarks here or by clicking on the image below. Read Rankin...

House Passes Four Bipartisan Financial Services Bills

WASHINGTON – Today, the U.S. House of Representatives advanced four bipartisan Financial Services bills: H.R. 389, the Kleptocracy Asset Recovery Rewards Act; H.R. 1037, the Banking Transparency for Sanctioned Persons Act; H.R. 1060, the BUILD Act; and a short-term extension of the National Flood Insurance Program (NFIP), which was set to expire this month. Republican leader of the Subcommittee on National Security, International Development, and Monetary Policy Steve Stivers (OH-15) delivered r...

Newsmakers with Representative Patrick McHenry

Representative Patrick McHenry (R-NC), ranking member of the Financial Services Committee, talked about issues related to his committee’s domain. Topics included Federal Reserve Chair Jerome Powell, President Trump’s difficulties with his recent with central bank nominees, the Consumer Financial Protection Bureau, and congressional news.

Strong Bipartisan Collaboration on Financial Services Legislation

WASHINGTON – This week, the House Financial Services Committee favorably reported five pieces of legislation out of committee, many with strong bipartisan collaboration and support. Additionally, the Committee passed two resolutions to establish the Financial Technology (FinTech) and Artificial Intelligence (AI) Task Forces within the Financial Services Committee. The Republican leader of both task forces will be Congressman French Hill (R-AR). Watch Congressman Hill’s remarks on the FinTech and...