NC representative seeks ranking membership on financial services committee

Rep. Patrick McHenry (R-NC) has announced his candidacy to be the ranking Republican on the House Financial Services Committee, also declaring his approach on potential moves by Democrats on the committee.

“I am fully prepared to fight back against any efforts by Democrats to use this committee to roll back our successes from the last two years or use the committee as the launch pad for endless, partisan investigations,” said McHenry, who also serves as chief deputy whip. “The American people sent us here to get our work done. I intend to do that and I hope our Democrat colleagues share that commitment.”

With Democrats taking control, Rep. Maxine Waters (D-Calif.), currently the ranking Democrat on the committee, will likely become committee chair when the 116th Congress is seated in January.

The current chair, Rep. Jeb Hensarling (R-Texas), did not seek reelection.

"Like every House Republican, I was deeply disappointed by Tuesday’s election results and saddened that many of our dear friends will not be returning to Congress in January. But now is the time to move forward. It is with this in mind that I announce my candidacy to be the ranking Republican on the House Financial Services Committee,” McHenry said. “I have a strong record on the committee, having worked with both Republicans and Democrats to increase access to capital for American small businesses and families. In the 116th Congress, I will continue to seek legislative solutions that promote financial inclusion for all. I’m committed to working with the Trump administration, senators, and my Democratic colleagues on the committee to achieve these goals.”