Dec. 21, 2012. Incoming Financial Services Committee Chairman Jeb Hensarling (R-TX) announced today that U.S. Rep. Patrick McHenry (NC-10) will lead the Oversight and Investigations Subcommittee in the 113th Congress.
In this position, the Republican congressman will provide oversight of the Federal Reserve, Treasury, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Department of Housing and Urban Development, the Federal Housing Finance Agency, and the Export-Import Bank.
“I’m grateful to Chairman Hensarling for this new opportunity,” said Congressman McHenry. “Government regulators need proper oversight in order to avoid bureaucratic overreach. I’m excited to exert greater influence over that process and look forward to ensuring that small businesses across Western North Carolina are able to access the capital they need to grow and expand.”
“Patrick is a trusted friend and advisor,” continued Chairman Hensarling. “His exemplary efforts overseeing the SEC and CFPB have been critical for small businesses and entrepreneurs across the country. As part of the committee’s leadership team, I know he’ll continue to fight for efficient markets that support the free flow of capital to every aspect of our economy.”