Policy
Policy

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.
Latest Policy News
Latest News

Tim Scott discusses future of AI and crypto with David Sacks

Washington, D.C. – Ranking Member Tim Scott of South Carolina held a meeting with David Sacks, who is set to become President Trump's White House A.I. and Crypto Czar.

Tim Scott discusses housing policy reforms with HUD nominee

Washington, D.C. – Ranking Member Tim Scott (R-S.C.) has shared his thoughts following a meeting with Scott Turner, who has been nominated by President Trump to serve as the U.S. Secretary of Housing and Urban Development (HUD).

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.

Tim Scott criticizes CFPB's decision on overdraft fee cap

Ranking Member Tim Scott of South Carolina has expressed his disapproval of the Consumer Financial Protection Bureau's (CFPB) final rule that caps overdraft fees at banks and credit unions.

Tim Scott criticizes CFPB director Chopra over continued rulemaking activities

After a postponed U.S. Senate Committee on Banking, Housing, and Urban Affairs markup vote on President Biden's nominees, Ranking Member Tim Scott criticized the committee's operations and transparency.

Tim Scott responds to Senate plan for markup of Biden's nominees

In Washington, D.C., a response was issued by Ranking Member Tim Scott (R-S.C.) following Chairman Brown's announcement regarding the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

Republican senators urge Biden administration to enforce sanctions on Iran's oil sector

In Washington, D.C., Senator Tim Scott (R-S.C.), the Ranking Member of the Senate Banking Committee, is leading a group of Republican senators in expressing concerns over the Biden administration's enforcement of sanctions on Iran's oil sector.

IAIS acknowledges US state-based insurance regulation system

Ranking Member Tim Scott has expressed approval of the International Association of Insurance Supervisors' (IAIS) recent decision to acknowledge the U.S. state-based insurance regulatory system.

Tim Scott supports Paul Atkins' SEC nomination amid calls for non-partisan leadership

Washington, D.C. – Tim Scott, the Ranking Member from South Carolina, issued a statement regarding President Trump's nomination of Paul Atkins as Chairman of the Securities and Exchange Commission (SEC).

House passes four bipartisan financial services bills

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.

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

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.

Financial Orgs on Credit Card Competition Act: 'To say that consumers will benefit from the Durbin-Marshall bill is inaccurate'

A coalition of financial organizations including the American Bankers Association, Electronic Payments Coalition, Consumer Bankers Association, and others, sent a joint letter to the Senate Committee on the Judiciary in opposition of the proposed Credit Card Competition Act.

Bipartisan leaders address AI's impact on finance and housing

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.

Elon Musk: 'Delete the CFPB'

David Williams, president of the Taxpayers Protection Alliance (TPA) said it is “absolutely ridiculous” that “Congress has no oversight” of the Consumer Financial Protection Bureau (CFPB).

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

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."

One year after $12M Bank of America fine, CFPB signals potential loopholes to racial reporting rules

Next Thursday, Nov. 28 — Thanksgiving Day — marks one year since the Consumer Finance Protection Bureau (CFPB) ordered Bank of America to pay a $12 million penalty for “submitting false mortgage lending information to the federal government.”

Tim Scott comments on Scott Turner's nomination for HUD Secretary

Ranking Member Tim Scott from South Carolina has issued a statement regarding the nomination of Scott Turner as Secretary of Housing and Urban Development.

Bipartisan bill supports service dog funding through commemorative coin sales

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.

McHenry challenges banking regulators on outdated policies during committee hearing

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