Local Government News
Barr Delivers Remarks at Hearing to Examine Merger Policies of the Federal Banking Agencies
Today, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, led by Chairman Andy Barr, is conducting a hearing to scrutinize the merger policies of the Federal Banking Agencies. In his opening remarks, Chairman Barr highlighted the importance of mergers in the financial sector, emphasizing their role in promoting competition and cost savings for consumers. He stated, "Mergers of financial institutions can promote competition and generate cost savings that can then be passed on to consumers in the form of lower interest rates on loans,...
House Financial Services Committee Announces Hearing on National Security and Illicit Finance
On May 1, 2024, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), revealed plans for an upcoming hearing focusing on critical national security and illicit finance issues. The hearing, titled "Mission Critical: Restoring National Security as the Focus of Defense Production Act Reauthorization, Part II," is scheduled to take place at 2:00 PM ET on Wednesday, May 8, 2024, at the 2128 Rayburn House Office Building.According to the announcement, the hearing will delve into key matters concerning national security, illicit finance, and...