Top Republican rebukes Democrats on bank subpoenas
April 17, 2019 - The top Republican on the House Financial Services Committee today accused Democrats of playing politics by using their investigative powers to subpoena nine big banks as part of probes into President Donald Trump and Russians' illicit use of the financial system. In a letter to Financial Services C...More

Washington Examiner: Don't relitigate Dodd-Frank when there are newer, more pressing financial challenges
April 10, 2019 - On Wednesday, for the first time in 10 years, the CEOs of America’s largest banks will appear before Congress to testify at the Financial Services Committee. The last time these banks were assembled before the committee, Chairman Barney Frank, D-Mass., sat atop the dais and the economy had just suff...More

McHenry: Democrats are Holding this Hearing in Search of a Headline
April 10, 2019 - WASHINGTON – Today, the House Financial Services Committee received testimony from seven Global Significantly Important Bank (GSIB) CEOs, including: Citigroup, JP Morgan Chase & Co., Morgan Stanley, Bank of America, State Street Corporation, Bank of New York Mellon, and Goldman Sachs. Republican lea...More

McHenry to Secretary Mnuchin: You come before this Committee at a really precarious time for global markets
April 9, 2019 - WASHINGTON - Today, the House Financial Services Committee held its annual hearing to receive testimony from the U.S. Department of Treasury Secretary, Steven Mnuchin, on the state of the International Financial System. The Committee's Republican leader, Patrick McHenry (NC-10) delivered the followi...More

McHenry Introduces Bill to Modernize the IRS
April 5, 2019 - Congressman Patrick McHenry (R, NC-10), the Republican Leader of the House Financial Services Committee, introduced H.R. 2007, the IRS Data Verification Modernization Act of 2019. This bipartisan bill will require the Internal Revenue Service (IRS) to automate the Income Verification Express Service...More

McHenry Statement on Calabria Confirmation
April 4, 2019 - WASHINGTON – Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the confirmation of Mark Calabria to be Director of the Federal Housing Finance Agency (FHFA): “Mark Calabria has a long history as a thoughtful leader in the hou...More

McHenry warns of 'circus atmosphere' surrounding banks before major hearing
April 2, 2019 - Politically motivated jabs at banks risk distracting lawmakers from addressing serious threats to the U.S. economy, from China's debt bubble to Brexit, the top Republican on the House Financial Services Committee said today. In a speech at the Chamber of Commerce, Rep. Patrick McHenry (R-N.C.) said ...More

Ranking Member McHenry: This was a “missed opportunity”
March 28, 2019 - This week, the House Committee on Financial Services held a mark-up of five pieces of legislation: H.R. 389, the "Kleptocracy Asset Recovery Rewards Act" H.R. 1856, the "Ending Homelessness Act of 2019" H.R. 1815, the "SEC Disclosure Effectiveness Testing Act" H.R. 1595, the "Secure and Fair Enforce...More

McHenry Statement in Response to Navarro Speech on EXIM
March 28, 2019 - In response to a speech given by Dr. Peter Navarro, Director of the Office of Trade and Manufacturing Policy, at the 2019 Annual Conference of the Export-Import Bank of the United States (EXIM), House Financial Services Committee Ranking Member Patrick McHenry (NC-10) released the following statemen...More

McHenry, Luetkemeyer Request Time to Understand Consequences of Cannabis Banking Legislation
March 22, 2019 - 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 o...More

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