Financial Services

Committee on Financial Services

Patrick McHenry

Examining the Use of Alternative Data in Underwriting and Credit Scoring to Expand Access to Credit

2019/07/25


The Next Megabank? Examining the Proposed Merger of SunTrust and BB&T

2019/07/24


Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System

2019/07/17

Click here for the LIVE WEBCAST of this hearing.

Click here for the Committee Memorandum.



Legislation

  • H.R.____, the “Keep Big Tech Out of Finance Act” [DRAFT]
 

Witness List

Panel I

Panel II

  • Chris Brummer, Agnes N. Williams Research Professor Director, Institute of International Economic Law, Georgetown University Law Center

  • Katharina Pistor, Edwin B. Parker Professor of Comparative Law at Columbia Law School

  • The Honorable Gary Gensler, Professor of the Practice of Global Economics and Management, MIT Sloan School of Management, Senior Advisor to the Director, MIT Media Lab, & CoDirector of MIT’s Fintech@CSAIL

  • Robert Weisman, President, Public Citizen

  • Meltem Demirors, Chief Strategy Officer, CoinShares

 



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    H.R. 3621; H.R. 3623; H.R. 3624; H.R. 3625; H.R. 3629; H.R. 3641; H.R. 3701; H.R. 3702; H.R. ____, the Accurate Access to Credit Information Act

    2019/07/16

    Click here to watch the LIVE WEBCAST.

    Click here for the Committee Memorandum.


    Legislation:

    • H.R. 3621, the “Student Borrower Credit Improvement Act.”

      • An amendment in the nature of a substitute, no. 1, expected to be offered by Ms. Pressley.

    • H.R. 3623, the “Climate Risk Disclosure Act of 2019.”

      •  An amendment in the nature of a substitute, no. 2, expected to be offered by Mr. Casten.

    • H.R. 3624, the “Outsourcing Accountability Act of 2019.”

      • An amendment in the nature of a substitute, no. 3, expected to be offered by Ms. Axne.

    • H.R. 3625, the “PCAOB Whistleblower Protection Act of 2019.” 

      • An amendment in the nature of a substitute, no. 4, expected to be offered by Ms. Garcia.
    • H.R. 3629, the “Clarity in Credit Score Formation Act of 2019 .” 

      • An amendment in the nature of a substitute, no. 5, expected to be offered by Mr. Lynch.

    • H.R. 3641, the “Stronger Enforcement of Civil Penalties Act of 2019.”

      • An amendment in the nature of a substitute, no. 6, expected to be offered by Ms. Porter.

    • H.R. 3701, To establish a statute of limitations for certain actions of the Securities and Exchange Commission, and for other purposes.

      • An amendment in the nature of a substitute, no. 7, expected to be offered by Mr. Gonzalez.

    • H.R. 3702, the “Reforming Disaster Recovery Act.”

      • An amendment in the nature of a substitute, no. 8, expected to be offered by Mr. Green.

    • H.R. ____, the “Accurate Access to Credit Information Act.”

      • An amendment in the nature of a substitute, no. 9, expected to be offered by Mr. Gottheimer.





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    Markup of H.R. 281; H.R. 1018; H.R. 2852; H.R. 3279; H.R. 3614; H.R. 3618; H.R. 3619; H.R. 3620; H.R. 3621; H.R. 3622; H.R. 3624; H.R. 3625; H.R. ____, the Improving Credit Reporting for All Consumers Act; H.R. ____, the Clarity in Credit Score Formation Act of 2019; and H.R. ____, the Stronger Enforcement of Civil Penalties Act of 2019.

    2019/07/11

    Click here to watch the LIVE WEBCAST.

    Click here for the Committee Memorandum.


    Legislation:

    • H.R. 281, the “Ensuring Diverse Leadership Act of 2019.”

      • An amendment in the nature of a substitute, no. 1, expected to be offered by Mrs. Beatty.

    • H.R. 1018, the “Improving Corporate Governance through Diversity Act of 2019.”

      •  An amendment in the nature of a substitute, no. 2, expected to be offered by Mr. Meeks.

    • H.R. 2852, the “Homebuyer Assistance Act of 2019.”

      • An amendment in the nature of a substitute, no. 3, expected to be offered by Mr. Sherman and Mr. Duffy.

    • H.R. 3279, the “Diversity in Corporate Leadership Act of 2019.” 

      • An amendment in the nature of a substitute, no. 4, expected to be offered by Mrs. Maloney.
    • H.R. 3614, the “Restricting Use of Credit Checks for Employment Decisions Act.” 

      • An amendment in the nature of a substitute, no. 5, expected to be offered by Mr. Lawson.

    • H.R. 3618, the “Free Credit Scores for Consumers Act of 2019.”

      • An amendment in the nature of a substitute, no. 6, expected to be offered by Mrs. Beatty.

    • H.R. 3619, the “Appraisal Fee Transparency Act of 2019.”

      • An amendment in the nature of a substitute, no. 7, expected to be offered by Mr. Clay.

    • H.R. 3620, the “Strategy and Investment in Rural Housing Preservation Act of 2019.”

      • An amendment in the nature of a substitute, no. 8, expected to be offered by Mr. Clay.

    • H.R. 3621, the “Student Borrower Credit Improvement Act.”

      • An amendment in the nature of a substitute, no. 9, expected to be offered by Ms. Pressley.

    • H.R. 3622, the “Restoring Unfairly Impaired Credit and Protecting Consumers Act.”

      • An amendment in the nature of a substitute, no. 10, expected to be offered by Ms. Tlaib.

    • H.R. 3624, the “Outsourcing Accountability Act of 2019.”

      • An amendment in the nature of a substitute, no. 11, expected to be offered by Ms. Axne.

    • H.R. 3625, the “PCAOB Whistleblower Protection Act of 2019.”

      • An amendment in the nature of a substitute, no. 12, expected to be offered by Ms. Garcia.

    • H.R. ____, the “Improving Credit Reporting for All Consumers Act.”

      • An amendment in the nature of a substitute, no. 13, expected to be offered by Ms. Adams.

    • H.R. ____, the “Clarity in Credit Score Formation Act of 2019.”

      • An amendment in the nature of a substitute, no. 14, expected to be offered by Mr. Lynch.

    • H.R. ____, the “Stronger Enforcement of Civil Penalties Act of 2019.”

      • An amendment in the nature of a substitute, no. 15, expected to be offered by Ms. Porter.





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    Building a Sustainable and Competitive Economy: An Examination of Proposals to Improve Environmental, Social and Governance Disclosures

    2019/07/10

    Click here for the LIVE WEBCAST of this hearing.

    Click here for the Committee Memorandum.



    Legislation

    • H.R.____, the “ESG Disclosure Simplification Act of 2019” [DRAFT]

    • H.R.____, the “Shareholder Protection Act of 2019” [DRAFT]

    • H.R.____, the “Corporate Human Rights Risk Assessment, Prevention, and Mitigation Act of 2019” [DRAFT]

    • H.R.____, To require issuers required to file an annual or quarterly report under the Securities Exchange Act of 1934 to disclose the total amount of corporate tax such issuer paid in the period covered by the report, and for other purpose [DRAFT]

    • H.R.____, the “Climate Risk Disclosure Act of 2019” [DRAFT]

     

    Witness List

     



    Hearing Videos

     





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      Monetary Policy and the State of the Economy

      2019/07/10

      Click here for the LIVE WEBCAST of this hearing.

      Click here for the Committee Memorandum.

       

      Witness List


       



      Hearing Videos

       





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        Markup of H.R. 3407, the United States Export Finance Agency Act of 2019 and H.R. 1690, the Safe Housing for Families Act of 2019

        2019/06/26

        Click here to watch the LIVE webcast

        Click here for the Committee Memorandum.


        Legislation:

        • H.R. 1690, the “Safe Housing for Families Act of 2019 ” -- Ordered reported to the House, as amended, with a favorable recommendation by a voice vote.

          • An amendment in the nature of a substitute, no. 1, offered by Mr. Garcia was AGREED TO by voice vote.
            • Second degree “Manager's” amendment to Garcia amendment offered by Mr. Garcia, no. 1a, was AGREED TO by voice vote.

        • H.R. 3407, the “United States Export Finance Agency Act of 2019” -- Not called up.

          • An amendment in the nature of a substitute, no. 2, expected to be offered by Mrs. Waters - not called up.





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        Overseeing the Fintech Revolution: Domestic and International Perspectives on Fintech Regulation

        2019/06/25

        Click here for the LIVE WEBCAST of this hearing.

        Click here for the Committee Memorandum.



        Witness List

        • Paul Watkins, Assistant Director, Office of Innovation, Consumer Financial Protection Bureau (CFPB)

        • Beth Knickerbocker, Chief Innovation Officer, Office of the Comptroller of the Currency (OCC)

        • Valerie Szczepanik, Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation, Securities and Exchange Commission (SEC)

        • Charles E. Clark, Director, Department of Financial Institutions, State of Washington, on behalf of the Conference of State Bank Supervisors (CSBS)

        • Christopher Woolard, Board Member and Director of Strategy and Competition, Financial Conduct Authority (FCA), United Kingdom

         



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          Promoting Economic Growth: Exploring the Impact of Recent Trade Policies on the U.S. Economy

          2019/06/19

          Click here for the LIVE WEBCAST of this hearing.

          Click here for the Committee Memorandum.



          Witness List

          • Laura Baughman, President, The Trade Partnership

          • C. Fred Bergsten, Ph.D. Senior Fellow and Director Emeritus, Peterson Institute for International Economics

          • John Boyd, President, National Black Farmers Association

          • Ronnie Russell, Missouri Farmer, At Large Member, American Soybean Association

          • Gordon Gray, Director of Fiscal Policy, American Action Forum

           



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            Contact Information

            2129 Rayburn HOB
            Washington, DC 20515
            Phone 202-225-7502
            Fax 202-226-0471
            financialservices.house.gov


            Membership

            Andy Barr

            KENTUCKY's 6th DISTRICT

            Ted Budd

            NORTH CAROLINA's 13th DISTRICT

            Warren Davidson

            OHIO's 8th DISTRICT

            Sean Duffy

            WISCONSIN's 7th DISTRICT

            Tom Emmer

            MINNESOTA's 6th DISTRICT

            French Hill

            ARKANSAS' 2nd DISTRICT

            Trey Hollingsworth

            INDIANA's 9th DISTRICT

            Bill Huizenga

            MICHIGAN's 2nd DISTRICT

            Peter King

            NEW YORK's 2nd DISTRICT

            David Kustoff

            TENNESSEE's 8th DISTRICT

            Barry Loudermilk

            GEORGIA's 11th DISTRICT

            Frank Lucas

            OKLAHOMA's 3rd DISTRICT

            Blaine Luetkemeyer

            MISSOURI's 3rd DISTRICT

            Patrick McHenry

            NORTH CAROLINA's 10th DISTRICT

            Alex Mooney

            WEST VIRGINIA's 2nd DISTRICT

            Bill Posey

            FLORIDA's 8th DISTRICT

            Steve Stivers

            OHIO's 15th DISTRICT

            Scott Tipton

            COLORADO's 3rd DISTRICT

            Ann Wagner

            MISSOURI's 2nd DISTRICT

            Roger Williams

            TEXAS' 25th DISTRICT

            Lee Zeldin

            NEW YORK's 1st DISTRICT

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