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May 22, 2024
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mr. mchenry: mr.peaker, i ask all members have five legislative days in which to revise and extend their remarks and submit extraneous materials on the bill h.r. 4763. the speaker pro tempore: without objection. pursuant to house resolution 1243 and rule 18, the chair declares the house in the committee of the whole house on the state of the union to consider -- for consideration of h.r. 4763. the chair appoints the gentleman from mississippi, mr. guest, to preside over the committee of the whole. the chair: the house is in the committee of the whole house on the state of the union for the consideration of h.r. 4763 which the clerk will report by title. the clerk: a bill to provide for a system of regulation of digital assets by the commodity futures trading commission and the securities and exchange commission and for other purposes. the chair: pursuant to the rule, the bill is considered read the first time. general debate shall be confined to the bill and shall not exceed one hour equally divided a
mr. mchenry: mr.peaker, i ask all members have five legislative days in which to revise and extend their remarks and submit extraneous materials on the bill h.r. 4763. the speaker pro tempore: without objection. pursuant to house resolution 1243 and rule 18, the chair declares the house in the committee of the whole house on the state of the union to consider -- for consideration of h.r. 4763. the chair appoints the gentleman from mississippi, mr. guest, to preside over the committee of the...
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May 8, 2024
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mr. mchenry: mr. speaker, i rise in support of this bipartisan resolution of disapproval. this resolution is an essential effort to protect consumers and foster innovation in digital assets markets. it's also critical to stop the securities and exchange commission's regulatory power grabs in efforts to circumvent the administrative procedures act. i want to thank my friend, congressman flood of nebraska, a leader on financial innovation and digital asset policy for introducing this bipartisan resolution. staff accounting bulletin or s.a.b.121 is one of the most glaring examples of the current securities and exchange commission's reign of overreach. through s.a.b.121 the commission is trying to dictate how financial institutions and firms safeguard america's assets, in particular here, digital assets under the guise of so-called staff guidance. let me explain why this is deeply concerning, because they call it a staff guidance, the securities and exchange commission, to avoid public comment and the rul
mr. mchenry: mr. speaker, i rise in support of this bipartisan resolution of disapproval. this resolution is an essential effort to protect consumers and foster innovation in digital assets markets. it's also critical to stop the securities and exchange commission's regulatory power grabs in efforts to circumvent the administrative procedures act. i want to thank my friend, congressman flood of nebraska, a leader on financial innovation and digital asset policy for introducing this bipartisan...
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May 15, 2024
05/24
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mr. mchenry: without objection. mr. huizenga: that person was arlise upton-key while you were vice chairman at the time and recently you just named an fdic chairman's award for operational excellence after ms. key, upton-key. so you named an award after the same woman who you screamed at and the same woman who accused of withholding information for being disloyal to you. sir, i certainly hope this isn't some sick ruse to buy her silence. and i'm going to use your own opening statement to close mine. on page two, well, page two, you said, this misconduct first surfaced last year. that's simply not true. this had been out there as rumors and innuendo and many other complaints. but you also say you regret not having identified deeper cultural issues at fdic sooner. sir, you created the culture. you created the culture there. and you are the wrong person for the job. and you finish on page three going on to paining four, the three -- page four, the three core elements of your action plan outlined. provide one more support f
mr. mchenry: without objection. mr. huizenga: that person was arlise upton-key while you were vice chairman at the time and recently you just named an fdic chairman's award for operational excellence after ms. key, upton-key. so you named an award after the same woman who you screamed at and the same woman who accused of withholding information for being disloyal to you. sir, i certainly hope this isn't some sick ruse to buy her silence. and i'm going to use your own opening statement to close...
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May 21, 2024
05/24
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mchenry and mr. foster will control 20 minutes. the chair recognizes the gentleman from north carolina. mr. mchenry: i ask unanimous consent all members from five legislative days in which to revise and extend their remarks and include extraneous materials on the bill. the speaker pro tempore: without objection. mr. mchenry: i yield myself as much time as i may consume. and i rise in support of h.r. 1097, a bill that will reward the congressional gold medal to everett alvarez jr. madam speaker, the congressional gold medal is considered the highest civilian honor awarded in the united states. in the 248 years since the continental congress issued the first one to george washington in 1776, only 184 have been awarded. that's fewer than one per year. so the distinction of awarding such an honor should not be lost on this 118th congress. madam speaker, i cannot think of someone more deserving of such recognition than retired united states navy commander alvarez. as a boy growing up in salinas, california, alvarez marveled at the naval
mchenry and mr. foster will control 20 minutes. the chair recognizes the gentleman from north carolina. mr. mchenry: i ask unanimous consent all members from five legislative days in which to revise and extend their remarks and include extraneous materials on the bill. the speaker pro tempore: without objection. mr. mchenry: i yield myself as much time as i may consume. and i rise in support of h.r. 1097, a bill that will reward the congressional gold medal to everett alvarez jr. madam speaker,...
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May 23, 2024
05/24
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mr. mchenry: mr.peaker, i ask unanimous consent that all members may have five legislative days within which to revise and extend their remarks and submit extraneous material on the bill, h.r. 5403. the speaker pro tempore: without objection. pursuant to house resolution 1243 and rule 18, the chair declares the house in the committee of the whole house on the state of the union for the consideration of h.r. 5403, the chair appoints the gentleman from louisiana, mr. higgins, to preside over the committee of the whole. the chair: the house is in the committee of the whole house on the state of the union for the consideration of h.r. 5403, which the clerk will report by title. the clerk: a bill to amend the federal reserve act to prohibit the federal reserve banks from offering certain products or services directly to an individual to prohibit the use of central bank digital currency for monetary policy, and for other purposes. the chair: pursuant to the rule, the bill is considered as read the first tim
mr. mchenry: mr.peaker, i ask unanimous consent that all members may have five legislative days within which to revise and extend their remarks and submit extraneous material on the bill, h.r. 5403. the speaker pro tempore: without objection. pursuant to house resolution 1243 and rule 18, the chair declares the house in the committee of the whole house on the state of the union for the consideration of h.r. 5403, the chair appoints the gentleman from louisiana, mr. higgins, to preside over the...
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May 22, 2024
05/24
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mr. mchenry: -- the chair: without objection. mr. mchenry: i think it's important we have a comprehensive regulatory framework for digital asset frameworks, yes. we also have to make sure we have a consistent application of the bank secrecy act and anti-money laundering provisions in existing law. requirements on the digital asset inteer immediate years and exchanges are necessary -- intermediaries and exchanges are necessary. i want to thank the gentlewoman from colorado for her work on this amendment. she's been focused on amlbsa-related issues in the buildup to us writing this during the markup process and the rules committee, as well as the -- the process and the financial services committee, then the process through the rules committee. and i appreciate her sincere engagement on this matter. and for coming up with a very good amendment. i urge support of this amendment and i reserve the balance of my time. the chair: the gentleman from north carolina reserves. the gentlelady from colorado is recognized. ms. pettersen: thank you,
mr. mchenry: -- the chair: without objection. mr. mchenry: i think it's important we have a comprehensive regulatory framework for digital asset frameworks, yes. we also have to make sure we have a consistent application of the bank secrecy act and anti-money laundering provisions in existing law. requirements on the digital asset inteer immediate years and exchanges are necessary -- intermediaries and exchanges are necessary. i want to thank the gentlewoman from colorado for her work on this...
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May 15, 2024
05/24
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mchenry: the gentleman yields his time. we'll now recognize the gentleman from california, mr. vargas, for five minutes. mr. vargas: thank you very much, mr. chairman. i do apologize at the outset for my voice. i'm starting to lose it, i know it's a bad thing for a politician. but it happens. i was excited today, some time ago, to talk about oversight of the prudential regulations and regulators, i should say, and i was very anxious to talk about basil 3-rbgs the end game. it was a signatory to a letter that was sent to you. i do have some great concerns -- [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2024] >> members are expected to vote on the five-year re-authorization of funding for the federal aviation administration, which if approved would head to the president's desk. you're watching live coverage here on c-span. the speaker pro tempore: the house will be in order. the prayer will be offered by chaplain kibben. chaplain kibben: w
mchenry: the gentleman yields his time. we'll now recognize the gentleman from california, mr. vargas, for five minutes. mr. vargas: thank you very much, mr. chairman. i do apologize at the outset for my voice. i'm starting to lose it, i know it's a bad thing for a politician. but it happens. i was excited today, some time ago, to talk about oversight of the prudential regulations and regulators, i should say, and i was very anxious to talk about basil 3-rbgs the end game. it was a signatory to...
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May 16, 2024
05/24
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january 30th to director chopra from chairman mchenry, myself and mr. flood and a letter dated january 15th from democratic members mr. andic, et al. stated january 5th. without objection they will be included in our record. and now we turn to the ranking member mr. lynch from massachusetts for five minutes. >> that you, mr. chair, and again thank the witnesses. professor, i was here when we created the cfpb. i was here during that debate and the goal here and the statutory direction of the cfpb, we were trying to provide a single point of accountability for enforcing financial consumer financial laws and protecting consumers in the financial marketplace. why would-- why would this proposed rule be outside of the regulatory framework that we set up for the cfpb? this is exactly in my mind, this is exactly what we created the cfpb for. we understood even back then, not that long ago, that technology was changing. we understood that. so we didn't, we didn't put limitations on technology for the cfpb. we said protect consumers in the financial marketplace.
january 30th to director chopra from chairman mchenry, myself and mr. flood and a letter dated january 15th from democratic members mr. andic, et al. stated january 5th. without objection they will be included in our record. and now we turn to the ranking member mr. lynch from massachusetts for five minutes. >> that you, mr. chair, and again thank the witnesses. professor, i was here when we created the cfpb. i was here during that debate and the goal here and the statutory direction of...