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Regulatory Relief

Committee Republicans Work to Ensure Stability and Security of U.S. Financial System

Today, the House Financial Services Committee held a hearing with Secretary of the Treasury Steven Mnuchin in his role as Chairman of the Financial Stability Oversight Council (FSOC) to discuss the Council’s work to identify and mitigate risks facing the U.S. financial system. At the hearing, Committee Republicans expressed their concerns on issues including Democrats’ harmful financial transactions tax (FTT) proposals, cybersecurity threats, and the risks involved with the transition from the L...

McHenry Amendment Accepted to Improve Insider Trading Bill, Protect Good-Faith Traders

WASHINGTON –Today, the House of Representatives passed H.R. 2534, the Insider Trading Prohibition Act. As a result of an amendment offered by the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and accepted by the House, the bill received bipartisan support. While H.R. 2534 as amended does not include all Republican priorities, including an exclusivity provision to make this the exclusive insider trading law of the land, Republicans worked to ensure the bill si...

McHenry to Prudential Regulators: Regulatory Rightsizing Ensures our Economy, Small Businesses, & Consumers Remain Vibrant and Strong

WASHINGTON –Today, the House Financial Services Committee is holding a hearing with prudential regulators, including Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, Randal Quarles; Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams; and Chair of the National Credit Union Administration, Rodney Hood. Watch the Republican leader of the House Financial Services Committee, Patrick McHenry’s (NC-10), opening remarks here. Ranking Member McHenry’s...

Financial Services Republicans Call to Protect Americans’ Personal Information from Disclosure in Democrats’ Impeachment Probe

Today, every Republican member of the House Financial Services Committee signed a letter to Chairwoman Maxine Waters (CA-43) expressing concern with the process by which documents, containing private American citizens’ personal financial information, may be transmitted to the House Judiciary Committee as part of the ongoing impeachment investigation. These documents were obtained through subpoenas issued by Chairwoman Waters for President Trump’s financial records to advance her “long-standing i...