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Clarksville Times

Saturday, December 21, 2024

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McHenry and Hill caution Biden administration on last-minute regulatory actions

The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), along with incoming Chairman and current Vice Chair French Hill (AR-02), have issued letters to agencies and regulators under the jurisdiction of the committee.

By Clarksville Times | Dec 17, 2024

Local Government

French Hill named new chairman of House Financial Services Committee

Today, Patrick McHenry, the Chairman of the House Financial Services Committee, announced that French Hill has been chosen by the House Republican Steering Committee to lead the House Financial Services Committee as its next Chairman.

By Clarksville Times | Dec 12, 2024

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House Financial Services Committee examines tech's role in shaping finance

By Clarksville Times | Dec 4, 2024

Today, the House Financial Services Committee, under the leadership of Chairman Patrick McHenry (NC-10), is conducting a hearing to examine the influence of technology and innovation on the future of finance.

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House passes four bipartisan financial services bills

By Clarksville Times | Dec 4, 2024

The U.S. House of Representatives has passed four bipartisan financial services bills aimed at addressing various issues, including support for veterans and honoring significant historical figures.

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Bipartisan leaders address AI's impact on finance and housing

By Clarksville Times | Dec 2, 2024

Ahead of a hearing to examine how technology is shaping the future of finance, Chairman of the House Financial Services Committee Patrick McHenry (NC-10) and Ranking Member Maxine Waters (CA-43) have introduced two bipartisan measures.

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Hearing to explore technology's impact on finance set for December

By Clarksville Times | Nov 26, 2024

The Chairman of the House Financial Services Committee, Patrick McHenry, has announced an upcoming hearing titled "Innovation Revolution: How Technology is Shaping the Future of Finance."

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Bipartisan bill supports service dog funding through commemorative coin sales

By Clarksville Times | Nov 21, 2024

The U.S. Senate has passed the bipartisan Working Dog Commemorative Coin Act, a bill that was introduced in the House by Chairman Patrick McHenry and led in the Senate by Senators Ted Budd, Mark Kelly, Thom Tillis, and Tammy Duckworth.

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McHenry challenges banking regulators on outdated policies during committee hearing

By Clarksville Times | Nov 20, 2024

Today, the House Financial Services Committee, led by Chairman Patrick McHenry, is conducting a hearing to oversee President Biden's prudential banking regulators.

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House committee releases report calling for FDIC Chair Martin Gruenberg's removal

By Clarksville Times | Nov 19, 2024

House Financial Services Committee Republicans have released their final staff report on the workplace culture at the Federal Deposit Insurance Corporation (FDIC) under Chairman Martin Gruenberg.

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House Financial Services Committee schedules hearing on prudential regulators oversight

By Clarksville Times | Nov 13, 2024

The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), has announced a hearing titled "Oversight of Prudential Regulators."

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House Financial Services Committee urges support for bank-fintech partnerships

By Clarksville Times | Oct 31, 2024

The House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), has addressed federal banking regulators with a letter in response to a request for information regarding bank-fintech partnerships.

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Lawmakers seek clarity on FDIC's asset manager passivity agreement changes

By Clarksville Times | Oct 29, 2024

Lawmakers have raised concerns over recent actions by the Federal Deposit Insurance Corporation (FDIC) regarding changes to asset manager passivity agreements.

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McHenry comments on Treasury's final rule limiting investments in China

By Clarksville Times | Oct 28, 2024

Today, Patrick McHenry, Chairman of the House Financial Services Committee, commented on the U.S. Department of the Treasury's final rule limiting outbound U.S. investment to China.

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Chairman McHenry supports CFPB's new rule on financial data privacy

By Clarksville Times | Oct 22, 2024

The Chairman of the House Financial Services Committee, Patrick McHenry, issued a statement regarding the Consumer Financial Protection Bureau's (CFPB) final rule implementing Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. McHenry stated, "The CFPB’s final 1033 rule is a promising step forward to protect Americans’ financial data privacy." He emphasized that consumers should have control over their financial data, including knowledge of where it is going and how it is used. The ability to terminate data collection by certain firms was...

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House committee demands interviews from FDIC chair amid oversight concerns

By Clarksville Times | Oct 16, 2024

Today, Patrick McHenry, Chairman of the House Financial Services Committee, sent a letter to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg. In the letter, McHenry demanded that Gruenberg schedule a transcribed interview with the committee by 5:00 PM today. The request also extends to the FDIC's General Counsel and Director of Legislative Affairs for discussions on the agency’s indemnification process for private counsel.

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Patrick McHenry requests GAO audit on FinCEN's Beneficial Ownership Secure System

By Clarksville Times | Oct 15, 2024

Today, Patrick McHenry, Chairman of the House Financial Services Committee, requested an audit by the Government Accountability Office (GAO) of the Financial Crimes Enforcement Network’s (FinCEN) Beneficial Ownership Secure System (BOSS). The BOSS registry is designed to support national security efforts by helping law enforcement target individuals exploiting the U.S. financial system for illicit activities.

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House subcommittee examines Basel III endgame amid regulatory concerns

By Clarksville Times | Sep 25, 2024

The House Financial Services Subcommittee on Financial Institutions and Monetary Policy, chaired by Andy Barr (KY-06), is conducting a hearing titled "Regulatory Recipe for Economic Uncertainty: The Endless Basel Endgame and an Onslaught of Hurried Rulemaking Undertaken by the Administration."

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Hearing on FHFA's political agenda postponed by House Financial Services Committee

By Clarksville Times | Sep 24, 2024

The House Financial Services Committee has announced the postponement of a hearing initially scheduled for Thursday, September 26, 2024. The hearing was to be held by the Housing & Insurance Subcommittee and titled "Vanishing Independence: How FHFA’s Political Agenda Endangers Homeowners and Taxpayers."

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House Financial Services Committee holds oversight hearing on SEC

By Clarksville Times | Sep 24, 2024

The House Financial Services Committee, chaired by Patrick McHenry (NC-10), is holding a hearing today to oversee the Securities and Exchange Commission (SEC). All five SEC Commissioners are testifying together before the Committee for the first time since 2019. This provides an opportunity to hear the diverse viewpoints of the full Commission.

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Republicans urge SEC chair to rescind controversial bulletin ahead of hearing

By Clarksville Times | Sep 23, 2024

Ahead of a scheduled hearing with the full Securities and Exchange Commission (SEC), Republicans from the House Financial Services and Senate Banking, Housing, and Urban Affairs Committees have called on SEC Chair Gary Gensler to rescind Staff Accounting Bulletin (SAB) 121. The letter was led by Chairman Patrick McHenry (R-NC) and Senator Cynthia Lummis (R-WY).