Tagged: patrick mchenry

Congressman Patrick McHenry on Financial Inclusion through Technology

On Monday, March 6, 2017, Congressman Patrick McHenry gave keynote remarks at the Lendit Conference in New York City. Among the themes of his speech, McHenry talked about the need for financial inclusion, citing a statistic that counties with less than 100,000 in population saw… Read More

Seen & Heard at LendItUSA 2017: An Industry Built to Last

LendItUSA, the annual event that jumps between New York City and San Francisco everu 12 months, opened up to larger audiences and an industry sector that endured a challenging year. The online lending sector received a two-punch assault in 2016; a battle that left the… Read More

McHenry & Heitkamp Comment on Supporting America’s Innovators Act of 2017

Chief Deputy Whip Patrick McHenry, Vice Chairman of the House Financial Services Committee, and Senator Heidi Heitkamp both released comments on H.R. 1219 / S 444. The Supporting America’s Innovators Act of 2017 amends an exemption under the Investment Company Act of 1940 by increasing… Read More

Comments on President Trump’s Executive Action on Dodd-Frank & Fiduciary Rule

In an Oval Office ceremony today, President Donald Trump signed executive orders relating to the Dodd-Frank Act and the Department of Labor’s Fiduciary Rule. Two acts of legislation that have come under harsh scrutiny in recent years. Dodd-Frank has been criticized for raising costs for both… Read More

2017 Holds Promise for Tax & Financing Policy for Startups

2016 brought with it many positive developments for startups in terms of capital access and tax policy. Investment crowdfunding finally went live, a number of bills to facilitate capital formation passed the House, and the startup community galvanized around a tax bill that would make… Read More

Congressman McHenry Applauds Passage of Bill That Includes Crowdfunding Fix, Small Business Advocate & Accredited Investor Update

Chief Deputy Whip, Patrick McHenry, who is also Vice Chairman of the House Financial Services Committee, welcomed the passage of HR 6427 today or the Creating Financial Prosperity for Businesses & Investors Act.  The last minute legislative push by the House saw a bundling of six… Read More

SEC Adopts Modernized Intrastate “Crowdfunding” Rules:  A Time to Yawn?

On October 26, 2016, the SEC’s three Commissioners convened at their headquarters to adopt new rules intended to modernize what had historically been a little used path of raising capital for startups, early stage businesses and community-based enterprises: the so called intrastate exemption. It had… Read More

On Investment Crowdfunding, Diversification & the Wisdom of the Crowd

Still Time to Fix the Fix Crowdfunding Act One of the cardinal rules of investing is  diversification – a critical ingredient for long-term portfolio growth.  This rule applies with equal, if not greater, force when investing in “Title III Regulation CF Crowdfunding” securities – open… Read More

How to Fix the Fix Crowdfunding Act

Let me begin by saying god bless Congressman Patrick McHenry. He is out there on the front lines actually trying to make a difference and help entrepreneurs and small businesses get off the ground and succeed. Of course, no good deed goes unpunished, and a… Read More

Congressman Patrick McHenry: “I will continue to work on the three Fintech bills I’ve now introduced”

Congressman Patrick McHenry is in his sixth term in the US Congress where he represents the citizens of North Carolina’s 10th District. McHenry is also the Chief Deputy Whip, where he assists Majority Whip Steve Scalise in rallying the GOP members to support important legislative… Read More

Financial Services Innovation Act of 2016 (Deck)

Congressman Patrick McHenry announced new legislation this week created to improve financial innovation in the US. Unlike some other countries, financial service firms are mandated to follow rules enforced by a litany of government agencies.  Dealing with the maze of bureaucrats is not easy for… Read More

Here is the Legislation Designed to Improve Fintech Innovation in the US

Yesterday Crowdfund Insider wrote about forthcoming legislation from Congressman Patrick McHenry that is designed to enhance Fintech innovation in the US. Today we have a copy of the draft bill, embedded below. The 18 page document entitled the Financial Services Innovation Act of 2016 is… Read More

Congressman McHenry Introduce Bill to Create Financial Services Innovation Offices to Boost Fintech Growth

Congressman Patrick McHenry, the Chief Deputy Whip of the House, has introduced new legislation designed to boost Fintech innovation in the US. Today, the US may be the financial center of the world but in some respects, the country is slipping behind when it comes… Read More

Financial Innovation Now: Big Tech Educates Policy Makers on Benefits of Fintech

Apple, Google, Amazon, PayPal & Intuit Provide the Firepower Behind Fintech Advocacy Group Financial Innovation Now. Back in the fall of 2015, an announcement was made regarding the creation of a new public policy coalition representing some of the largest names in tech: Apple, Google,… Read More

The Fix Crowdfunding Act. What it Fixes & What it Does Not

In early June, the U.S. House of Representatives, Financial Services Committee, approved the “Fix Crowdfunding Act” bill (HR 4855). Maybe it’s the title of the bill that is misleading, but since then I have seen multiple articles which incorrectly describe what this legislation, if fully… Read More

Online Lenders Policy Institute Event to Feature Congressman Patrick McHenry & Comptroller of the Currency Thomas Curry

The Online Lenders Policy Institute is hosting its first “Marketplace Lending Policy Summit” in Washington, DC in September and they have two marquee names headlining the event. Congressman Patrick McHenry, an author of the JOBS Act and Fintech champion, will be one of the keynote… Read More

The Fix Crowdfunding Act Passes House & Heads to the Senate

The Fix Crowdfunding Act (HR 4855) easily cruised through the House by a vote of 394 – 4 as it attracted broad bipartisan support.  It was joined by the Supporting America’s Innovators Act (HR 4854) which passed on a vote of 389-9. HR 4854 raised… Read More

The Fix Crowdfunding Act Expected to Move to House Floor Vote on Tuesday

The Fix Crowdfunding Act (HR 4855), a bill that sailed through the House Financial Services with broad bi-partisan support, is expected to hit the House floor for a vote this coming Tuesday.  A source told Crowdfund Insider that originally it was on the back-burner for… Read More

SEC Quietly Injects Life Into Title III Crowdfunding Solicitation!

  When it comes to capital formation for SME’s through federal legislation, one can usually count on the North American Securities Administrators Association (NASAA) to do their best to block or narrow any new paths which Congress or the SEC may seek to create.  The… Read More