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Ranking Member McHenry Announces New Member of Financial Services Committee
January 16, 2020 - Today, House Republicans selected Congressman Van Taylor (TX-3) to serve on the House Financial Services Committee. The top Republican on the Committee, Patrick McHenry (NC-10), issued the following statement in response: “Congressman Van Taylor’s experience in the financial services sector will mak...More

Morning Consult: Why Protecting Financial Institutions From Cyberattacks Is an Urgent Matter
January 16, 2020 - Last year, the Financial Services Committee heard directly from the CEOs of America’s seven largest banks. When asked what kept these leaders up at night, a majority cited cyberattacks as the greatest risk they faced — not productivity growth, not political upheaval overseas, not an economic slowdo...More

House Financial Services Subcommittee Unanimously Expresses Concern Over CECL
January 15, 2020 - Today in the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets at a hearing entitled “An Examination of the Financial Accounting Standards Board and the Public Company Accounting Oversight Board,” members from both sides of the aisle expressed serious concern with FASB’s CECL...More

McHenry: To Address the High Cost of Housing, We Need to Address the Root Cause of Local Issues
January 14, 2020 - Today, the House Financial Services Committee is holding a hearing on housing affordability challenges, which are most acutely experienced in high-cost, high-tax cities that have enacted counterproductive zoning laws and regulations. Republican Committee Members are examining the local barriers that...More

Committee Republicans Push for Comprehensive Approach to Increase Affordable Housing Options
January 14, 2020 - WASHINGTON – Today, the House Financial Services Committee held a hearing on the causes of rising housing costs – most notably, counterproductive state and local regulatory and zoning laws. Republican Committee Members highlighted the negative impact of these local barriers on the cost of constructi...More

House Passes McHenry Bill to Combat Cyber Threats to Financial System
January 13, 2020 - Today, the House of Representatives passed H.R. 4458, the “Cybersecurity and Financial System Resilience Act of 2019,” a bill introduced by the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10).This legislation, which advanced out of the Committee with broad, bipar...More

Republican House Leaders and Financial Services Committee Members Argue CFPB Structure Violates Article II of U.S. Constitution
December 19, 2019 - House Minority Leader Kevin McCarthy (CA-23), Minority Whip Steve Scalise (LA-1), and a majority of the Republican members of the House Financial Services Committee, led by Ranking Member Patrick McHenry (NC-10) filed an amicus brief to assist the Supreme Court as it considers the constitutionality ...More

McHenry: The Body of Evidence is Weak and Woefully Insufficient for Impeachment
December 18, 2019 - Today, Republican leader of the House Financial Services Committee Patrick McHenry (NC-10) took to the House floor to speak in opposition to the Democrats’ partisan attempt to undo the 2016 election. The Financial Services Committee was one of six instructed by the Speaker to transfer records to the...More

Financial Services Committee Republican Priorities Secured in Funding Bill
December 17, 2019 - Today, the House of Representatives passed bipartisan legislation to reauthorize the Export-Import (Ex-Im) Bank, Terrorism Risk Insurance Act (TRIA), and extend the National Flood Insurance Program (NFIP), as part of Fiscal Year 2020 appropriations legislation. The Republican leader of the House Fin...More

McHenry Commends FDIC Proposed Rule to Encourage Financial Innovation
December 16, 2019 - Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in support of the Federal Deposit Insurance Corporation’s (FDIC) notice of proposed rulemaking regarding brokered deposits: “Our regulatory framework should be working to e...More

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