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The Latest Breaking News from Patrick McHenry

Signature Bank threw a fundraiser for the congressman now probing how it failed

WASHINGTON — Ten days before Signature Bank collapsed, the House Republican overseeing an inquiry into the bank’s failure was inside its boardroom on New York’s Fifth Avenue.

Tribune News Service

Why did the $212bn tech-lender Silicon Valley bank abruptly collapse?

Was it the result of Trump-era regulation rollbacks, risk mismanagement at the bank, sharp interest rate rises – or a combination of all three?

The Guardian - US

SVB-backed GOPers "want to go further"

"They don't want any kind of oversight whatsoever," watchdog group warns

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

Congress must pass stablecoin legislation, top crypto group tells lawmakers

The letter comes ahead of a pivotal congressional hearing on Thursday.

Fortune

A spot in the Capitol for Billy Graham’s statue? NC lawmakers want it to happen faster

CHARLOTTE, N.C. — The Rev. Billy Graham had to die before his statue could be placed in the U.S. Capitol, but on the fifth anniversary of his death his memorial still hasn’t made it into the Statuary Hall collection.

Tribune News Service

House Republicans ramp up ESG opposition

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

House Republicans Don't Want Companies to Report Financial Risks From Climate Change

A GOP Working Group is taking aim at the SEC's climate protection proposals as a 'prime example' of government overreach.

The Street

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Congressional Republicans have Gary Gensler in their crosshairs

Rep. Hill on his new digital assets subcommittee.

Fortune

‘Crisis and confusion’: 4 days of GOP barbs, chaos and cigars

WASHINGTON — It was a near-fist fight on the House floor. It was four days of name-calling, late-night huddles, rush deliveries of pizzas and burritos. It was cigar smoke wafting through the hallways, diaper changes and a dog on the floor of the U.S. House of Representatives.

Tribune News Service

Republicans Want Consumer Board to Back off Banks

An argument is brewing on Capitol Hill about the fees banks charge customers.

The Street

‘Uniquely destined to fail’: New FTX CEO describes to Congress mess left behind by SBF

FTX CEO John Ray III was the sole witness during the House Financial Services Committee hearing.

Fortune

SBF was arrested before a pivotal congressional hearing on FTX’s monumental collapse. Here’s how to watch and what to expect

What questions will lawmakers ask with SBF in custody?

Fortune

SBF agreed to testify in Congress. Here’s what lawmakers are thinking about crypto legislation

How will the collapse of FTX shape regulation from Washington?

Fortune

Bronx Rep. Ritchie Torres introduces crypto legislation

At a Monday press conference, Torres compared SBF to Bernie Madoff and voiced concerns about Tether.

Fortune

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WEKU

With the GOP in control of the House, here's who's likely to lead key committees

House Republicans make up the majority in the House of Representatives for the 118th Congress. Here's a rundown of the lawmakers likely gaining power in key panels at the beginning of the new year.

Roll Call

Expected Financial Services chair found consensus with Democrats - Roll Call

Democrats said Rep. Patrick T. McHenry, R-N.C., expected Financial Services Committee chair, has sought to find bipartisan consensus.

Los Angeles Times

Michael Hiltzik: Would forgiving student debt drive up inflation? Only if you're using lousy math

With a deadline looming in less than two weeks for President Biden to decide what to do about student debt, it shouldn't be surprising that conservatives have been agitating with increasing intensity against relief for the borrowers.

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