Large industry shillings are expected at the financial services hearing in the House of Representatives chaired by Patrick McHenry

Industry money, the real motive behind this hearing: Numerous banks and other industry associations have spoken out against the urgently needed changes to capital requirements. In September 2023, the Bank Policy Institute, the American Bankers Association, the Financial Services Forum, the Institute of International Bankers, the Securities Industry and Financial Markets Association and the US Chamber of Commerce submitted an application Comment letter The agencies argued that they were blowing up the proposed changes to capital requirements failed to adhere to the Administrative Procedure Act when publishing the proposal.

Accountable.US’ MAGA economic profiles shine a spotlight on members of Congress who are prioritizing businesses over consumers in the House majority’s MAGA economic agenda. View the full profiles of Representatives Andy Barr, Blaine Luetkemeyer and Chairman Patrick McHenry Here.