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Rep. Patrick McHenry on Fed Independence
Jul 10, 2019
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Fed Chair Jay Powell is set to testify later Wednesday morning in front of the House Financial Services Committee as well as the Senate Banking Committee on Thursday. Rep. Patrick McHenry (R-N.C.), who is the ranking member of the Financial Services Committee, joins "Squawk Box" to discuss what he ...
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House Passes Republican-Led Bills to Bolster Small Business Access to Capital
Jul 9, 2019
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WASHINGTON – Today, the U.S. House of Representatives advanced two Republican-led Financial Services bills: H.R. 2919, the “Improving Investment Research for Small and Emerging Issuers Act,” introduced by Congressman Bill Huizenga (MI-02), and H.R. 3050, the “Expanding Investment in Small Businesses...
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Ranking Member McHenry Applauds Signing of the Taxpayer First Act
Jul 1, 2019
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WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after President Trump signed H.R. 3151, the Taxpayer First Act of 2019 into law. This legislation included provisions from H.R. 2007, the IRS Data Verification Mod...
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Hill leads new bipartisan AI task force on mission to foster innovation in financial sector
Jun 28, 2019
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The simulation of human intelligence processes by computer systems is not without both benefits and challenges, said U.S. Rep. French Hill (R-AR), ranking member of the U.S. House Financial Services Committee Task Force on Artificial Intelligence (AI), during its first meeting on Wednesday. “Over th...
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Rep. Patrick McHenry on his concern over Facebook's new cryptocurrency
Jun 26, 2019
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The House Financial Services Committee invited Facebook to testify at a July hearing about its cryptocurrency plans. Ranking Republican on the committee Congressman Patrick McHenry (R-N.C.) joins "Squawk Box" to discuss.
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Rep. McHenry calls for a hearing on Facebook’s cryptocurrency: ‘We should be better informed’
Jun 21, 2019
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Rep. Patrick McHenry wants to know about Facebook’s plans for its cryptocurrency. “There are so many open questions here, and I think we should actually be better informed,” he says. Facebook announces on Tuesday it will launch its cryptocurrency in 2020. Rep. Patrick McHenry has questions about Fa...
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McHenry Calls for Hearing on Facebook’s Recently Announced Cryptocurrency Project
Jun 18, 2019
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WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), called on Chairwoman Maxine Waters (CA-43) to hold a hearing on Facebook’s new global cryptocurrency project, “Project Libra.” In his letter, he highlights the potential for this new technology ...
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U.S. House Lawmakers Work on 5 Yr. Extension of National Flood Insurance Program
Jun 14, 2019
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WASHINGTON, D.C. -- Lawmakers on Capitol Hill are working on a five-year extension to the National Flood Insurance Program (NFIP). Earlier this week, a compromise plan advanced out of a House committee with unanimous, biptartisan support - the first step on Capitol Hill for the legislation. For year...
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Committee Unanimously Passes Bipartisan Flood Insurance Bills
Jun 12, 2019
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WASHINGTON – Today, the House Financial Services Committee passed two pieces of bipartisan legislation to reauthorize the National Flood Insurance Program (NFIP) through September 30, 2024 and implement much-needed reforms to the outdated program. Watch Republican leader of the House Financial Servi...
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House Panel Approves Bill Overhauling Federal Flood Insurance
Jun 12, 2019
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Bipartisan bill aims to spur private flood insurance and lower costs for lower-income homeowners WASHINGTON—Lawmakers in the House advanced a bipartisan plan to overhaul the federal flood-insurance program, which has struggled to keep pace with record disaster payouts in recent years. The bill, appr...
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