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Regulatory Relief

Democrats Vote to Allow Taxpayer-Backed Financing of the Chinese Communist Party

This week, Committee Democrats abandoned an opportunity to consider a bipartisan Export-Import (Ex-Im) Bank reauthorization deal, which included provisions to combat the Communist Party of China’s abhorrent human rights abuses, military aggression, and plan to dominate the global economy. The Committee instead held a mark up to consider Democrats’ partisan H.R. 4863, the “United States Export Finance Agency Act.” This bill stripped provisions originally agreed to by Ranking Member Patrick McHenr...

Financial Services Committee Passes McHenry Bill To Combat Cybersecurity Threats

Today, the House Financial Services Committee passed H.R. 4458, the “Cybersecurity and Financial System Resilience Act of 2019,” a bill introduced by the top Republican on the committee, Patrick McHenry (NC-10), last month. This legislation, which passed with broad bipartisan support, will ensure regulators are prioritizing cybersecurity to combat the growing threat of cyberattacks to our financial system. Watch Ranking Member McHenry deliver remarks in support of the bill here or by clicking on...

Why should the Communist Party of China receive financing backed by American taxpayers?

Watch the full video here or by clicking on the image above. Today, the House Financial Services Committee will consider Democrats’ H.R. 4863, the United States Export Finance Agency Act of 2019, a partisan bill to reauthorize the Export-Import (Ex-Im) Bank. This comes after Democrats walked away from a bipartisan reauthorization deal that would: Restrict American taxpayer backed financing of the Chinese Communist Party. Take meaningful action against China’s rampant human rights abuses, milita...

House Passes McHenry’s Bipartisan Crowdfunding Bill to Support Small Businesses

WASHINGTON – Today, the House of Representatives passed H.R. 4860, the Crowdfunding Amendments Act. This legislation, introduced by the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), will ensure investment crowdfunding can best support American small businesses and entrepreneurs seeking to raise capital. Ranking Member McHenry on the Crowdfunding Amendments Act: “We all agree small businesses and entrepreneurs are America’s true job creators. This is especiall...