Financial Services, Jobs, and the Economy

McHenry Introduces the RAISE Act of 2015

| Posted in Press Release

Chief Deputy Whip Patrick McHenry (R, NC-10), the Vice Chairman of the House Financial Services Committee introduced H.R. 1839 the Reforming Access for Investments in Startup Enterprises Act of 2015 or RAISE Act. The legislation simply codifies an established legal framework for secondary markets of restricted securities to enhance market liquidity for entrepreneurs and investors. “Secondary marke... Read more »

McHenry Statement on SEC's Reg A+ Rule

| Posted in Press Release

Chief Deputy Whip Patrick McHenry (R, NC-10), the Vice Chairman of the House Financial Services Committee, released the following statement on the Securities and Exchange Commission's (SEC) adoption of rules on Regulation A+ or Title IV of the JOBS Act: “While I continue to review the details of the finalized rule I am encouraged the Commission has taken action on Reg A+. For too long the JOBS Act... Read more »

McHenry Votes to Restore 40-Hour Work Week

| Posted in Press Release

Today, Chief Deputy Whip Patrick McHenry (NC-10) released the statement below following passage of H.R. 30, the Save American Workers Act: “Obamacare has hurt countless Western North Carolinians by cancelling policies, driving up premiums, and cutting hours and wages. Today the House acted to reverse one of the law’s most destructive effects: the redefinition of full-time work as 30 hours, a polic... Read more »

McHenry Statement on Failure of SEC to Produce Regulation A Rule Proposal

| Posted in Press Release

Today, Congressman Patrick McHenry, Chairman of the Financial Services Subcommittee on Oversight and Investigations released the following statement on the Securities and Exchange Commission's (SEC) failure to propose a rule to amend Regulation A of the Securities Act of 1993 as mandated in Title IV of the JOBS Act: “I find it inexcusable that, 19 months after enactment of the JOBS Act, the SEC ha... Read more »

McHenry Statement on Fifth Anniversary of TARP

| Posted in Press Release

WASHINGTON, DC -- Congressman Patrick McHenry (NC-10), Chairman of the Financial Services Subcommittee on Oversight and Investigations, marked the fifth anniversary of the passage of the Troubled Asset Recovery Plan [TARP] today with the following statement: “Five years ago, our financial system was brought to its knees, and Washington responded by bailing out some of nation’s largest financial i... Read more »