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McHenry: Congress Should Not Rush to Issue a CBDC. Nor Should the Fed.
May 26, 2022 - Today, the House Financial Services Committee is holding a hearing with Federal Reserve (Fed) Vice Chair Lael Brainard to discuss a potential U.S. Central Bank Digital Currency (CBDC). Prior to today’s hearing, all Committee Republicans sent a letter to Fed Chair Jerome Powell reiterating their prin...More

Committee Republicans to Fed Chair Powell: Do the Potential Benefits of a CBDC Outweigh the Risks?
May 19, 2022 - Ahead of next week’s hearing to examine a U.S. Central Bank Digital Currency (CBDC), Ranking Member Patrick McHenry (NC-10) led all Committee Republicans in a letter to Federal Reserve (Fed) Chair Jerome Powell regarding the Fed’s recent CBDC white paper. In the letter, Committee Republicans reitera...More

McHenry, Luetkemeyer Lead Letter to Chopra Regarding Radical Interpretation of UDAAP Policy, Changes to CFPB Procedures
May 19, 2022 - Today, Congressman Patrick McHenry (NC-10), top Republican on the House Financial Services Committee, and Congressman Blaine Luetkemeyer (MO-03), top Republican on the Subcommittee on Consumer Protection and Financial Institutions, led a letter with House Financial Services Committee Republicans to ...More

Wagner at Committee Markup: Today’s Bills Do Not Meet the Moment
May 17, 2022 - Today, the House Financial Services Committee is holding a markup of several pieces of legislation. While families across the country are struggling with rising prices and empty store shelves, Committee Democrats are attempting to advance mostly partisan proposals that will do nothing to address the...More

Republican Leaders Demand Answers on CFPB’s Shady Policy Fellowship Program
May 13, 2022 - This week, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), the top Republican on the Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), the top Republican on the Subcommittee on Consumer Protection, Blaine Luetkemeyer (MO-03), and the Vice Ranking...More

McHenry: Democrat-Led Washington, Democrat Regulators, and Democrat Policies are Failing the American People
May 12, 2022 - Today, the House Financial Services Committee is holding a hearing with Treasury Secretary Janet Yellen in her capacity as Chair of the Financial Stability Oversight Council (FSOC). Committee Republicans will emphasize how FSOC—like other Biden financial regulators—must focus on maintaining the safe...More

Top Republicans Demand Information on Role of OCC’s Hsu in FDIC Power Grab
May 12, 2022 - Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), the top Republican on the Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), and the top Republican on the Subcommittee on Consumer Protection and Financial Institutions, Blaine Luetkemeyer (M...More

House Passes Republican-Led, Bipartisan Financial Services Bills
May 11, 2022 - Today, the U.S. House of Representatives passed several pieces of bipartisan financial services legislation, including three bills introduced by Committee Republicans. Among the bipartisan bills passed are Republican-led initiatives to further isolate the Putin regime from the international financia...More

McHenry, Huizenga Call on Chair Waters to Immediately Convene Full SEC Hearing
May 6, 2022 - The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee, Bill Huizenga (MI-02), sent a letter to Chairwoman Maxine Waters (CA-43) reiterating their demand for a hearin...More

McHenry Raises Concerns with CRA Proposal
May 5, 2022 - Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding the Notice of Proposed Rulemaking on the Community Reinvestment Act (CRA) released today by the Federal Deposit Insurance Corporation, the Office of the Comptroller ...More

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