WASHINGTON – This week, Republican leaders of the House Financial Services Committee, Patrick McHenry (NC-10) and the Consumer Protection and Financial Institutions Subcommittee, Blaine Luetkemeyer (MO-03), sent a letter to Chairs Maxine Waters and Gregory Meeks requesting they delay consideration of H.R. 1595, “until the Committee has a better understanding of the full range of consequences that enacting such legislation may trigger.” At last month’s subcommittee hearing on this topic, the Repu...
Republican House Financial Services Committee members called last week for meaningful reform of the National Flood Insurance Program (NFIP). During a recent hearing focusing on the program’s reauthorization, members highlighted the need to modernize the 51-year-old initiative that continues to accumulate debt. Rep. Patrick McHenry (R-NC) called for programmatic reforms including better data, increased transparency, better technology, and more innovation while also noting the amount of debt, more...
Jim Nussle, CUNA president/CEO, released the following statement after Congressman Patrick McHenry (R-NC), spoke at the 2019 Credit Union National Association Governmental Affairs Conference (CUNA GAC): “Congressman McHenry is a leading advocate for credit unions. He works to break through the struggles we face in Washington to reach fundamental regulatory change. We are glad to have him here to encourage credit unions to look toward the future and utilize technology.” McHenry thanked credit uni...
WASHINGTON – At today’s House Financial Services Committee hearing on reauthorization of the National Flood Insurance Program (NFIP), Republican committee members highlighted the need to modernize the 51 year old program that continues to accumulate debt. In a January letter to Chairwoman Maxine Waters, Ranking Member McHenry listed NFIP reform as a top priority and urged the Chairwoman to hold a hearing on the “affordability, availability, and long-term solvency of the NFIP.” Ranking Member Pat...
