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Covid-19 Updates Regulatory Relief

McHenry Statement on OCC Proposed Rule to Ensure Fair Access to Financial Services

Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Office of the Comptroller of the Currency’s (OCC) proposed rule to ensure fair access to financial services for lawful businesses: “No lawful company should be denied a bank loan just because Democrats rely on naming and shaming to achieve their partisan goals. I’m glad to see the OCC put down a marker to ensure lawful companies cannot be shut out of ...

McHenry: Chairman Clayton Has Worked Tirelessly on Behalf of Main Street Investors

Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Securities and Exchange Commission (SEC) Chairman Jay Clayton announced his departure from the Commission at the end of the year: “Chairman Clayton has worked tirelessly on behalf of Main Street investors throughout his time at the SEC. As Chairman, Jay has expertly led efforts to strengthen our capital markets, provide regulatory clarity, and expand investment op...

McHenry: We Should Focus on Financial Stability and the Important Work of Regulators, Not Politics

Today, the House Financial Services Committee is holding a hearing with prudential regulators, including the Office of the Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the Federal Reserve System (FRB). Republican Committee Members will discuss the ongoing work by the regulators to ensure financial stability in the midst of the COVID-19 pandemic and efforts to provide regulatory clar...

McHenry Applauds Move to Simplify Exempt Offering Framework and Increase Access to Capital

Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in support of the Securities and Exchange Commission’s (SEC) finalization of a proposal to simplify and improve the exempt offering framework: “Today’s action by the SEC will help small businesses, their employees, and Main Street investors—while maintaining important protections,” said Ranking Member McHenry. “To ensure a widespread economic recovery, we need to provide ou...