Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), announced several Committee Republican initiatives were included in the final text of the National Defense Authorization Act for fiscal year 2023 (NDAA). The House of Representatives is expected to vote on the legislation later today. Committee Republican Priorities in the FY2023 NDAA: Financial Data Transparency Act (Republican Leader McHenry) Sponsored by Republican Leader McHenry and Rep. Carolyn Mal...
Today, Congressman Patrick McHenry (NC-10) issued the following statement after being selected as Chairman of the House Financial Services Committee for the 118th Congress by the House Republican Steering Committee: “I’m honored to have been selected by my colleagues as the next Chairman of the House Financial Services Committee,” said Chairman-elect McHenry. “After serving on this Committee for my entire tenure in Congress, I’m prepared to lead a dynamic group of Republican members as we work t...
Today, the House Financial Services Committee is holding a hearing on housing inflation. While Democrats advocate for dumping more taxpayer dollars into ineffective programs and an already overheated housing market, Republicans are pushing for commonsense solutions to make homeownership more accessible by expanding our housing supply. Watch Republican Leader Patrick McHenry’s opening remarks here. Read Republican Leader McHenry’s opening remarks as prepared for delivery: “Thank you, Madam Chair,...
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the Ranking Republican on the House Financial Services Subcommittee on Oversight and Investigations, Tom Emmer (MN-06), led a letter to Susan Collins, President of the Federal Reserve Bank of Boston, about “Project Hamilton,” an initiative to research the development of a central bank digital currency (CBDC). A central bank digital currency is a programmable digital currency issued from a federal re...
