Financial Services Committee Republicans

Financial Services Committee Republicans U.S. House Committee with oversight of the financial services industry. Top priorities: a stronger economy, more jobs & no more bailouts. The Committee's Majority members are:

Jeb Hensarling, Texas, Chairman

Edward R.

Royce, California

Frank D. Lucas, Oklahoma

Scott Garrett, New Jersey

Randy Neugebauer, Texas

Patrick T. McHenry, North Carolina, Vice Chairman

Stevan Pearce, New Mexico

Bill Posey, Florida

Michael G. Fitzpatrick, Pennsylvania

Lynn A. Westmoreland, Georgia

Blaine Luetkemeyer, Missouri

Bill Huizenga, Michigan

Sean P. Duffy, Wisconsin

Robert Hurt, Virginia

Steve Stivers, Ohio

Stephen Lee Fincher, Tennessee

Marlin A. Stutzman, Indiana

Mick Mulvaney, South Carolina

Randy Hultgren, Illinois

Dennis A. Ross, Florida

Robert Pittenger, North Carolina

Ann Wagner, Missouri

Andy Barr, Kentucky

Keith J. Rothfus, Pennsylvania

Luke Messer, Indiana

David Schweikert, Arizona

Frank Guinta, New Hampshire

Scott Tipton, Colorado

Roger Williams, Texas

Bruce Poliquin, Maine

Mia Love, Utah

French Hill, Arkansas

Tom Emmer, Minnesota

Operating as usual

At a time when stockholding by Americans from all walks of life is at an all time high, Dems want to make it harder for ...
05/03/2021
Americans Can’t Get Enough of the Stock Market

At a time when stockholding by Americans from all walks of life is at an all time high, Dems want to make it harder for people to invest in their future.

Expanding access to our markets is a good thing, but Dem policies like the #FTT would stifle this.

Individual investors are holding more stocks than ever before as major indexes climb to fresh highs. They are also upping the ante by borrowing to magnify their bets or increasingly buying on small dips in the market.

04/22/2021

On a day when the world comes together to celebrate and protect our planet, we need to look at the ways we can be good stewards of the earth.

Ranking Member Patrick McHenry and Rep. French Hill have legislation to promote clean, safe, reliable nuclear power around the world. #EarthDay2021

04/19/2021

#TuneIn: Ranking Republican Patrick McHenry is speaking on the floor in support of his bill, the Eliminate Barriers to Innovation Act, to increase collaboration among regulatory agencies & allow us to keep pace with the evolving nature of digital assets.

live.house.gov

04/15/2021
publicans-financialservices.house.gov

RMs Patrick McHenry and French Hill: “it's mind-boggling that the Treasury Department, even as it’s announcing these sanctions, is considering giving the Putin regime access to more than $17 billion through IMF Special Drawing Rights.”

More: …publicans-financialservices.house.gov/news/documents…

Republican Leader Patrick McHenry introduced new legislation to ensure transparency and accountability of Democrats part...
04/14/2021

Republican Leader Patrick McHenry introduced new legislation to ensure transparency and accountability of Democrats partisan spending spree.

Read more ➡️ https://republicans-financialservices.house.gov/news/documentsingle.aspx?DocumentID=407958

Republican Leader Patrick McHenry introduced new legislation to ensure transparency and accountability of Democrats partisan spending spree.

Read more ➡️ https://republicans-financialservices.house.gov/news/documentsingle.aspx?DocumentID=407958

BREAKING: Dems are considering including portions of the GREEN NEW DEAL in President Biden’s so-called “infrastructure p...
04/14/2021

BREAKING: Dems are considering including portions of the GREEN NEW DEAL in President Biden’s so-called “infrastructure package.”

Now we know for sure: this was never about infrastructure.

BREAKING: Dems are considering including portions of the GREEN NEW DEAL in President Biden’s so-called “infrastructure package.”

Now we know for sure: this was never about infrastructure.

President Biden’s so-called “infrastructure plan” only spends 5% on roads and bridges.The American people are smarter th...
04/14/2021

President Biden’s so-called “infrastructure plan” only spends 5% on roads and bridges.

The American people are smarter than Dems think: they know this isn’t about America’s infrastructure, but about pushing far-left policies on the American people.

President Biden’s so-called “infrastructure plan” only spends 5% on roads and bridges.

The American people are smarter than Dems think: they know this isn’t about America’s infrastructure, but about pushing far-left policies on the American people.

After a GOP report earlier this year found that roughly 5 MILLION older Americans are the victims of financial scams eac...
04/13/2021
Rep. McHenry encourages financial fraud hearing - Financial Regulation News

After a GOP report earlier this year found that roughly 5 MILLION older Americans are the victims of financial scams each year, Ranking Member Patrick McHenry wrote to Chairwoman Maxine Waters requesting a hearing on this important issue.

Learn more: https://financialregnews.com/rep-mchenry-encourages-financial-fraud-hearing/

Rep. Patrick McHenry (R-NC) has forwarded correspondence to House Financial Services Committee Chairwoman Maxine Waters (D-CA), encouraging the convening of a hearing examining financial fraud.© Shutterstock McHenry, the Republican leader of the House Financial Services Committee, said the request ...

#ICYMI: Ranking Members Patrick McHenry and Blaine Luetkemeyer wrote to the US Treasury Sec. Yellen urging her to implem...
04/13/2021
Reps. McHenry, Luetkemeyer advise Yellen on new FinCEN rules - Financial Regulation News

#ICYMI: Ranking Members Patrick McHenry and Blaine Luetkemeyer wrote to the US Treasury Sec. Yellen urging her to implement important #SmallBiz protections as intended in the bipartisan Beneficial Ownership agreement from the #NDAA.

Read more here: https://financialregnews.com/reps-mchenry-luetkemeyer-advise-yellen-on-new-fincen-rules/

Leading House Republicans are urging the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) to adhere to Congressional intent when developing the new beneficial ownership reporting regime. © Shutterstock Rep. Patrick McHenry (R-NC), Republican Leader of the House Financial Services Com...

Incredible: Iran is enriching uranium, but the US Treasury wants to gift the ayatollahs with $5 billion in SDRs through ...
04/13/2021
Iran plans major jump in uranium enrichment after Natanz site attack

Incredible: Iran is enriching uranium, but the US Treasury wants to gift the ayatollahs with $5 billion in SDRs through the IMF.

Sec. Yellen must follow the law & consult with Congress before she gives away the store to U.S. adversaries.

https://www.washingtonpost.com/world/middle_east/iran-enrichment-nuclear-israel-talks/2021/04/13/f5cc3fbc-9c5d-11eb-b2f5-7d2f0182750d_story.html

The move follows an attack that Iran blames on Israel. It also adds another hurdle in talks to revive the 2015 Iran nuclear deal.

Why won't the U.S. Treasury defend its plan to send billions of $$$ in SDRs to human rights abusers like China, Russia, ...
04/02/2021

Why won't the U.S. Treasury defend its plan to send billions of $$$ in SDRs to human rights abusers like China, Russia, Iran, Syria, & Venezuela? Maybe because it's indefensible.

Regardless, it's the law to consult w/Congress and we need answers. ⬇️

Why won't the U.S. Treasury defend its plan to send billions of $$$ in SDRs to human rights abusers like China, Russia, Iran, Syria, & Venezuela? Maybe because it's indefensible.

Regardless, it's the law to consult w/Congress and we need answers. ⬇️

03/25/2021
Ranking Member Wagner discusses human trafficking in today's hearing

D&I Subcommittee Ranking Member Rep. Ann Wagner has been a leader in combatting human trafficking her entire career in Congress.

In her exchange at today's hearing, she explained her bipartisan work to leverage our financial system to root our bad actors and prevent illicit activity.

📺⬇️

03/25/2021
Subcommittee Republican Leader French Hill Delivers Opening Remarks

Subcommittee Republican Leader Rep. French Hill discusses the importance of cooperation and coordination between well-funded law enforcement at all levels of government in dismantling human trafficking networks.

📺 Watch his opening remarks from today's hearing ⬇️

🚨 Subcommittee Ranking Member Rep. French Hill has been sounding the alarm on Democrats' scheme to send billions in SDRs...
03/25/2021
Opinion | Special Dollars for Dictators

🚨 Subcommittee Ranking Member Rep. French Hill has been sounding the alarm on Democrats' scheme to send billions in SDRs to U.S. adversaries and human rights abusers, while skirting Congressional oversight.

"Congress should call this out, and then prevent it from happening again..." writes the Wall Street Journal Editorial Board.

Rep. Hill's Special Drawing Rights Oversight Act, co-sponsored by Rep. Bill Huizenga & Rep. Andy Barr, would do that by reasserting Congressional authority over SDRs through the IMF.

Read more on the U.S. Treasury's ploy to send money to America’s enemies⤵️
https://www.wsj.com/articles/special-dollars-for-dictators-11616624610

Treasury is ducking Congress on $1 trillion in new IMF foreign aid.

One year ago today, Republicans & Democrats came together to pass the CARES Act to support American families, workers, a...
03/25/2021

One year ago today, Republicans & Democrats came together to pass the CARES Act to support American families, workers, and small businesses as #COVID gripped our nation.

Now, one year later, it’s time to safely reopen our communities to accelerate our economic recovery.

One year ago today, Republicans & Democrats came together to pass the CARES Act to support American families, workers, and small businesses as #COVID gripped our nation.

Now, one year later, it’s time to safely reopen our communities to accelerate our economic recovery.

11/19/2020

The #COVID19 crisis made clear that our nation’s businesses lack protection from losses related to pandemics and associated government-mandated closures.

Republicans are committed to working on solutions to help meet the pandemic needs of small businesses across the country.

To do this right, solutions should be based on consensus ideas like:

✅ Being bipartisan and offering value to all participants.

✅ Building on existing successes wherever possible.

✅ Being scalable to address the unpredictable diversity of future pandemics.

✅ Being adaptable to allow for market innovation.

PRIA would create another one-size-fits-all government mandate, designed only to help the largest corporations, and not ...
11/19/2020

PRIA would create another one-size-fits-all government mandate, designed only to help the largest corporations, and not the small businesses that drive our nation’s economy.

We must work together to craft a principled, bipartisan solution.

10/20/2020

The #PaycheckProtectionProgram saved more than 🔔50 MILLION 🔔 jobs according to a recent report.

House Dems blocked attempts to extend the program 35 times.

Watch 📺⬇️

READ: WSJ opinion on Biden’s economic proposals: "The problem is that they will have a long-term corrosive impact by rai...
10/20/2020
Opinion | The Cost of Bidenomics

READ: WSJ opinion on Biden’s economic proposals: "The problem is that they will have a long-term corrosive impact by raising the cost of capital, reducing the incentive to work and invest, and reducing productivity across the economy."

A new study on Biden’s tax, health-care, energy and regulation proposals predicts $6,500 less in median household income by 2030.

06/24/2020
Rep. Tipton Delivers Opening Remarks at Rules Hearing

#WATCH: Rep. Tipton delivers opening remarks at the Rules Committee on Democrats' attempt to halt necessary Community Reinvestment Act modernization and socialize the credit reporting and scoring industry

More than 4.5 million #PPPLoans have been processed by @SBAgov to help small biz keep workers on payroll through the #CO...
06/15/2020
Paycheck Protection Program is Supporting our Nation’s Economic Recovery | Financial Services Committee Republicans

More than 4.5 million #PPPLoans have been processed by @SBAgov to help small biz keep workers on payroll through the #COVID19 crisis.

As communities across the country work to reopen, it’s clear #PPP is supporting our economic recovery.

Read more: https://republicans-financialservices.house.gov/news/documentsingle.aspx?DocumentID=407763

WASHINGTON – Over the past few months, American families and businesses have stood strong through an unprecedented economic dislocation as a result of the coronavirus pandemic. The Trump Administration and Congress have worked at a breakneck pace to stand up programs to support hardworking America...

06/12/2020
www.sba.gov

Community Development Financial Institutions and Minority Depository institutions have processed almost $16B in #PPPLoans.

The #PaycheckProtectionProgram is helping the communities disproportionately impacted by #COVID19.

Details:https://www.sba.gov/sites/default/files/2020-06/PPP_Report_Public_200606%20FINAL_-508.pdf

As we work to reopen our economy, it’s clear: #PPPloans are playing a critical role in our nation’s economic recovery. L...
06/10/2020
Paycheck Protection Program is Supporting our Nation’s Economic Recovery | Financial Services Committee Republicans

As we work to reopen our economy, it’s clear: #PPPloans are playing a critical role in our nation’s economic recovery.

Learn more about the positive impact of #PPP on our nation’s workers: https://republicans-financialservices.house.gov/news/documentsingle.aspx?DocumentID=407763

WASHINGTON – Over the past few months, American families and businesses have stood strong through an unprecedented economic dislocation as a result of the coronavirus pandemic. The Trump Administration and Congress have worked at a breakneck pace to stand up programs to support hardworking America...

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4340 O'Neill House Office Building
Washington D.C., DC
20024

General information

We oversee the entire financial services industry & are working to grow our economy. Our top priorities are revitalizing the economy, helping businesses create more jobs & ending Washington's culture of bailouts. -- Comments are welcome and appreciated, but please keep them respectful and part of a constructive dialogue. We reserve the right to moderate any and all activity on the page based on the following criteria: • Posts containing profanity and offensive or inappropriate language/images will be deleted. • Personal attacks on users, members of the Committee, and others are prohibited. • Posts containing illegal activity, commercial/political or fund raising solicitations, spam, or copyright/trademark infringement will be deleted.

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