Financial Services, Jobs, and the Economy

McHenry: It’s Time to Get Politics out of Corporate Boardrooms

| Posted in Press Release

WASHINGTON — Today, the House Financial Services Committee, led by Congressman Patrick McHenry (NC-10), is holding a hearing to examine environmental, social, and governance (ESG) policy in financial regulation. Republicans are fighting to protect everyday investors with proposals to reform the proxy voting system, promote accountability in the proxy advisory system,…

McHenry, Jordan, and Comer Blast Gensler SEC’s Lack of Transparency

| Posted in Press Release

WASHINGTON — The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), the Chairman of the House Judiciary Committee, Jim Jordan (OH-04), and the Chairman of the House Oversight and Accountability Committee, James Comer (KY-01), sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler. The Chairmen identify significant concerns with Chair…

McHenry Votes to Protect the Middle Class

| Posted in Press Release

Washington - Congressman Patrick McHenry (NC-10) released the following statement on the House passage of H.R. 3564, the Middle Class Borrower Protection Act. Under the Biden administration’s Loan-Level Price Adjustment (LLPA) mortgage rule, responsible homebuyers with good credit are forced to subsidize those with bad credit. The Middle-Class…

ICYMI: McHenry Discusses the Debt Ceiling and Recent Bank Failures on Face the Nation

| Posted in Press Release

WASHINGTON, D.C.—  Recently, Congressman Patrick McHenry (NC-10) joined Face the Nation on CBS News, where he discussed House Republicans’ efforts to limit federal spending, save taxpayer money, and grow the economy in coordination with raising the debt ceiling. Congressman McHenry also outlined the state of the American banking system and Congress’ response to recent bank…

McHenry Demands FHFA Reverse Changes to the Loan Level Pricing Adjustment Structure

| Posted in Press Release

Washington -Yesterday, the Chairman of the House Financial Services Committee, Congressman Patrick McHenry (NC-10), sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson. Congressman McHenry blasted the FHFA’s recent changes to the loan level pricing adjustment (LLPA) structure that amounts to a tax on creditworthy…

McHenry Votes to Limit Government Spending, Save Taxpayer Dollars, and Grow Our Economy

| Posted in Press Release

Washington - Congressman Patrick McHenry (NC-10) released the following statement on the House passage of H.R. 2811, the Limit, Save, Grow Act of 2023. This bill would raise the debt ceiling responsibly, cut government spending, and grow our economy. “It’s critical that we raise the debt ceiling with as little…

McHenry Reintroduces Legislation to Modernize IRS Filings for Job Creators

| Posted in Press Release

Washington - Recently, Congressman Patrick McHenry (NC-10) reintroduced the Eliminating Paperwork for Startups Act for the 118th Congress. This legislation will modernize how 83(b) election forms are filed with the Internal Revenue Service (IRS)—making these filings more efficient and reducing their burden on America’s job creators. “It is past time for federal…

McHenry Slams CFPB’s Disastrous Small Business Lending Data Collection Rule

| Posted in Press Release

WASHINGTON, D.C.— Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) release of its final rule implementing small business lending data collection as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1071. “The Consumer…