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The House Committee on Financial Services is considered to be one of the House's most powerful committees. [1] It is currently chaired by Republican Patrick McHenry from North Carolina, having assumed office in 2023. He previously served as the committee's Ranking Member. The Ranking Member is Democrat Maxine Waters from California, who ...
The Committee on Finance is one of the original committees established in the Senate. First created on December 11, 1815, as a select committee and known as the Committee on Finance and an [sic] Uniform National Currency, it was formed to alleviate economic issues arising from the War of 1812. On December 10, 1816, the Senate officially created ...
Republicans and Democrats on the House Financial Services Committee are at odds over how stablecoins should be regulated. Those divisions were on display at a hearing Thursday before a House ...
The Subcommittee conducts oversight of the agencies, departments, and programs under the Committee's jurisdiction. The Subcommittee also conducts investigations on any matter within the jurisdiction of the Committee, and evaluates the need for any legislative changes to the laws and programs within this jurisdiction. Members, 118th Congress
The central bank left interest rates unchanged in a range of 5.25%-5.5% at its meeting that concluded on Wednesday. Read more: What the Fed rate decision means for your money Along with its policy ...
House Financial Services Committee Chair Patrick McHenry (R-N.C.) and House Agriculture Committee Chair Glenn Thompson (R-Penn.) have unveiled a draft discussion bill as a possible framework to ...
The jurisdiction over insurance was transferred in 2001 to the then-House Banking and Financial Services Committee from the House Energy and Commerce Committee. Since that time it had been the purview of the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
The House Financial Services Committee is scheduled to hold a hearing later this month on the collapse of Silicon Valley Bank and Signature Bank, which spooked markets and pumped uncertainty into ...