House Financial Services Committee

Patrick McHenry Bows out of GOP Leadership Race

House Financial Services Committee Ranking Member Patrick McHenry (R-NC) reportedly will focus on becoming the committee chairman next year if Republicans take the House, instead of jockeying for a leadership position. 

Representative Patrick McHenry (R-NC) speaks as US Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell testify before the House Oversight And Government Reform Committee hearings on oversight of the Treasury Department's and Federal Reserve's Pandemic Response, on Capitol Hill in Washington, DC, September 30, 2021. (Photo by Al …

FDIC Chairman in Hot Seat Over Operation Choke Point

Tuesday’s subcommittee hearing on Operation Choke Point is likely to be just the beginning of even stronger efforts by members of Congress to call executive agencies to account for their ongoing abuses of power as part of Operation Choke Point. Whether Congress will choose to exercise its constitutional authority and fire out-of-control executive bureaucrats as a first step in reasserting its legitimate powers remains to be seen.