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Committee Republicans Work to Ensure Stability and Security of U.S. Financial System
December 5, 2019 - Today, the House Financial Services Committee held a hearing with Secretary of the Treasury Steven Mnuchin in his role as Chairman of the Financial Stability Oversight Council (FSOC) to discuss the Council’s work to identify and mitigate risks facing the U.S. financial system. At the hearing, Commit...More

McHenry Amendment Accepted to Improve Insider Trading Bill, Protect Good-Faith Traders
December 5, 2019 - WASHINGTON –Today, the House of Representatives passed H.R. 2534, the Insider Trading Prohibition Act. As a result of an amendment offered by the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and accepted by the House, the bill received bipartisan support. While ...More

McHenry to Prudential Regulators: Regulatory Rightsizing Ensures our Economy, Small Businesses, & Consumers Remain Vibrant and Strong
December 4, 2019 - WASHINGTON –Today, the House Financial Services Committee is holding a hearing with prudential regulators, including Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, Randal Quarles; Chair of the Federal Deposit Insurance Corporation, Jelena McWilliams; and Chair of...More

Financial Services Republicans Call to Protect Americans’ Personal Information from Disclosure in Democrats’ Impeachment Probe
November 21, 2019 - Today, every Republican member of the House Financial Services Committee signed a letter to Chairwoman Maxine Waters (CA-43) expressing concern with the process by which documents, containing private American citizens’ personal financial information, may be transmitted to the House Judiciary Committ...More

Top Republican asks Mnuchin to probe Warren’s proposal to tax stock trades
November 20, 2019 - A top Republican is seeking additional answers on the potential impact of a financial transaction tax on the markets and U.S. economy. In a letter obtained by FOX Business, Ranking Member of the House Financial Services Committee Patrick McHenry asked Treasury Secretary Steven Mnuchin to analyze the...More

Top Republican Urges Treasury to Examine Negative Consequences of Democrat Tax Proposals
November 20, 2019 - Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Treasury Secretary Steven Mnuchin urging him to conduct an in-depth analysis of the impact of a financial transaction tax (FTT) on the U.S. economy. As several Democrats have proposed and s...More

McHenry: Private Equity Creates Investment Opportunities that Lead to Jobs
November 19, 2019 - Today, the House Financial Services Committee is holding a hearing on the role of private equity in U.S. capital markets and their impact on the American economy. Committee Democrats attached several pieces of legislation to the hearing for consideration including the House companion to Senator Eliz...More

House Passes Bipartisan Terrorism Risk Insurance Program Reauthorization
November 18, 2019 - Today, the House of Representatives passed with broad bipartisan support H.R. 4634, the “Terrorism Risk Insurance Program Reauthorization Act of 2019.” This bipartisan legislation extends the Terrorism Risk Insurance Act (TRIA) for an additional seven years and modernizes the program to meet 21st ce...More

House Democrats Vote to Prop Up Chinese Communist Party with Taxpayer-Backed Financing
November 15, 2019 - Today, Republicans and Democrats made clear that there is bipartisan opposition to H.R. 4863, the “U.S. Export Finance Agency Act.” The bill, introduced by Chairwoman Maxine Waters (CA-43), stripped all Republican provisions from a previously bipartisan compromise between the Chairwoman and Ranking ...More

McHenry Opening Statement at Full Committee Markup
November 13, 2019 - WASHINGTON – The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10) delivered the following opening statement at the full committee markup of H.R. 3490, H.R. 3948, H.R. 4403, H.R. 5021, H.R. 2398, H.R. 5003, H.R. 5001, H.R. 5013, and H.R. 2445, the Self-Employed Mortga...More

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