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Financial Services Committee Republicans Lead Effort to Hold Chair Gruenberg Accountable for Misconduct, Toxic Workplace Culture at the FDIC
May 14, 2024
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Last week, the law firm Cleary Gottlieb released an independent, apolitical report confirming reports of widespread and entrenched misconduct at the Federal Deposit Insurance Corporation (FDIC). The report outlines a toxic workplace culture at the agency, as well as verbally abusive behavior by Cha...
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MARKUP NOTICE: Full Committee Markup of Various Measures
May 13, 2024
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following markup: Full Committee Markup of H.R. 758, H.R. 3161, H.R. 8337, H.R. 8338, H.R. 8339, H.R. 4551, H.J.Res. 100, H.R. 8302. H.R. 3507, H.R. 7480, H.R. 8340 Time: 10:00 AM ET Date: Thursday,...
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House to Consider Financial Innovation and Technology for the 21st Century Act
May 10, 2024
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Today, the House Committee on Rules publicly noticed its intent to consider the Financial Innovation and Technology for the 21st Century (FIT21) Act, clearing a pathway for a floor vote later this month. The FIT for the 21st Century Act is an important first step towards achieving regulatory clarity...
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McHenry Delivers Remarks on the House Floor in Support of Resolution to Overturn SEC’s SAB 121
May 8, 2024
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), delivered remarks on the House floor in support of H.J.Res. 109, “Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commi...
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HEARING NOTICE: Oversight of Prudential Regulators
May 8, 2024
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Full Committee Hearing Entitled: “Oversight of Prudential Regulators” Time: 10:00 AM ET Date: Wednesday, May 15, 2024 Place: 2128 Rayburn House Office Building Additional informat...
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Luetkemeyer Delivers Remarks at Hearing on Restoring National Security as the Focus of Defense Production Act Reauthorization
May 8, 2024
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Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Blaine Luetkemeyer (MO-03), is holding a hearing entitled “Mission Critical: Restoring National Security as the Focus of Defense Production Act Reauthoriz...
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House Passes H.J.Res. 109 with Bipartisan Support to Overturn SEC’s SAB 121
May 8, 2024
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Today, the U.S. House of Representatives passed Representative Mike Flood’s (NE-01) bipartisan H.J.Res. 109, “Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to ‘Staff Accounting Bulletin...
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Wagner Delivers Remarks at Hearing to Examine the SEC’s Enforcement Function
May 7, 2024
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Today, the House Financial Services Subcommittee on Capital Markets, led by Chairman Ann Wagner (MO-02), is holding a hearing entitled, “SEC Enforcement: Balancing Deterrence with Due Process.” Watch Chairman Wagner’s opening remarks here. Read Chairman Wagner’s opening remarks as prepared for deliv...
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McHenry Calls on FDIC Chair Gruenberg to Resign Following Damning Independent Report from Cleary Gottlieb
May 7, 2024
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Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the independent report released today by Cleary Gottlieb regarding allegations of entrenched and widespread misconduct at the FDIC. “It’s time for Chair Gruenberg to ...
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Rep. Flood Testifies in Support of H.J.Res. 109 to Overturn SEC’s SAB 121
May 6, 2024
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Today, Representative Mike Flood (NE-01) appeared before the House Committee on Rules to speak in support of his resolution, H.J.Res. 109, “Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relatin...
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