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Covid-19 Updates Regulatory Relief

Democrats’ Unworkable Bill Does Nothing to Stop CCP’s Human Rights Abuses

Today, Democrats are pushing through H.R. 6270, the Uyghur Forced Labor Disclosure Act of 2020, in an attempt to appear “tough on China” for political gain. This messaging bill has already been proven unworkable and will only hurt U.S. public companies and does nothing protect the Uyghur people from the Chinese Communist Party’s (CCP) human rights abuses. The top Republican on the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee, Bill Huizenga (MI-2), led the Republican op...

FinTech Task Force Republicans Push for Regulatory Clarity to Spur Innovation

Today, the Task Force on Financial Technology is holding a virtual hearing on the importance of providing an up-to-date regulatory framework that fosters innovation and competition to give more Americans access to critical financial services. Watch Task Force Ranking Republican Tom Emmer’s (MN-6) opening remarks here. Read Ranking Republican Emmer’s opening remarks as prepared for delivery: “Thank you, Mr. Chair, for convening this hearing today. Before I go into the content of this important he...

McHenry: Before COVID We Saw the Best Economy of Our Lifetimes, We Need to Do That Again

Today, the House Committee on Financial Services held a hybrid hearing with Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell on the Administration’s ongoing response to the COVID-19 pandemic and efforts to rebuild the record-breaking economy Americans experienced before the coronavirus. Watch Ranking Republican Patrick McHenry’s (NC-10) opening remarks here. Read Ranking Republican McHenry’s opening remarks as delivered: “We all know that testing, treatment, and thera...

McHenry Introduces “Gig Worker Equity Compensation Act”

Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), introduced new legislation to expand the category of workers that can benefit from equity compensation to the critical gig workforce. H.R. 8280, the Gig Worker Equity Compensation Act, which complements the Pandemic Unemployment Insurance extended to gig workers in the CARES Act, will allow these essential non-traditional workers to benefit from our economic recovery and the rising stock prices of the b...