White House urges regulators to toughen rules after bank failures
House Financial Services Chairman Patrick T. McHenry, R-N.C., said the administration was politicizing the failures by blaming regulations when the regulators were at fault.
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Lawmakers open to Biden’s call to claw back SVB executive pay
We’re going to take a look at that," House Financial Services Chairman Patrick T. McHenry, R-N.C., said at House Republicans’ policy retreat in Orlando, Fla., last week.
Lawmakers float ways to recapture deposit insurance discipline
Ralph Norman, R-S.C., a member of the House Financial Services Committee.
Post-mortems begin on Silicon Valley Bank failure
Crapo, R-Idaho, was not impressed by Biden’s call to revisit the 2018 legislation.
Congress · 118th Congress
Biden, McCarthy make ‘no promises’ on debt, will keep talking
House Ways and Means Chairman Jason Smith, R-Mo., Appropriations Chairwoman Kay Granger, R-Texas, Budget Chairman Jodey C. Arrington, R-Texas, and Financial Services Chairman Patrick T.
Policy · 118th Congress
Investors defend ESG ‘materiality’ in expectation of more attacks
Bill Huizenga, R-Mich., who sits on the House Financial Services Committee.
Heard On The Hill · 117th Congress
What to read (and gift): Capitol Hill insiders share their favorite books of 2022
Patrick T. McHenry, R-N.C., incoming chairman of the House Financial Services Committee “In the Hurricane’s Eye: The Genius of George Washington and the Victory at Yorktown,” by Nathaniel Philbrick.
Congress · 117th Congress
House Financial Services presses FTX CEO on crypto’s regulatory needs
Bankman-Fried supported a bill introduced by Senate Agriculture Chairwoman Debbie Stabenow, D-Mich., and co-sponsored by ranking member John Boozman, R-Ark., that would allow the CFTC oversight of
Congress · 117th Congress
Emboldened House Republicans to bring ESG scrutiny, experts say
The House Financial Services Committee, of which ranking member Patrick T.
Congress · 117th Congress
Senate Banking Democrats plan bigger role in crypto legislation
Patrick T. McHenry, R-N.C., to get legislation to the president’s desk.
Congress · 117th Congress
As FTX burned, lawmakers said to be dithering over regulator
Cynthia Lummis, R-Wyo., and co-sponsored by Sen. Kirsten Gillibrand, D-N.Y., and another introduced by House Agriculture ranking member Rep. Glenn “GT” Thompson, R-Pa., and backed by Reps.
Congress · 117th Congress
FTX failure may strengthen case for more robust crypto regulation
Cynthia Lummis, R-Wyo., called the FTX collapse the “clearest example yet of why we need clear rules of the road for digital asset exchanges in the United States.”
Congress · 117th Congress
Expected Financial Services chair found consensus with Democrats
Patrick T. McHenry, a North Carolina Republican, than to him. “He’s a legitimate draw,” Cole told CQ Roll Call in an interview. “People are interested in what Patrick McHenry has to say.”
Congress · 117th Congress
Lawmakers trip over privacy and security of digital dollar
French Hill, R-Ark., illustrate the growing chasm between the two parties over a government-backed digital dollar.
Congress · 117th Congress
Can Congress buy in to digital dollar without legislation?
A handful of House Republicans led by Financial Services ranking member Patrick T. McHenry, sent a letter this month to Attorney General Merrick B. Garland asking for a copy of the assessment.
Congress · 117th Congress
GOP midterm victory would add pressure on fintech regulators
Toomey, R-Pa., for example, has chastised regulators for not providing more clarity.
Congress · 117th Congress
Bank executives warn lawmakers of lending risk among nonbanks
Ranking Republican Patrick T.
Congress · 117th Congress
Crypto sector lobbying expenditures up a third in second quarter
In the House, Financial Services Chairwoman Maxine Waters, D-Calif., and ranking member Patrick T.
Congress · 117th Congress
McHenry, eyeing House Financial Services chair, racks up campaign donations
House Financial Services ranking Republican Patrick T. McHenry raised about $940,000 in campaign donations in the weeks leading up to and months after setting his sights on the panel chairmanship.
Policy · 117th Congress
Fintechs question CFPB’s faith in innovation over ‘safe harbors’
Patrick T. McHenry, R-N.C., the ranking member of the House Financial Services Committee.