ARTICLE
24 February 2017

Republican Lawmaker Calls On Federal Reserve To Freeze Talks On International Regulatory Standards

SS
Shearman & Sterling LLP

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On January 31, 2017, Representative Patrick McHenry (R-NC) issued a letter to Federal Reserve Chair Janet Yellen, calling on the Federal Reserve to cease negotiating "binding"...
United States Finance and Banking

On January 31, 2017, Representative Patrick McHenry (R-NC) issued a letter to Federal Reserve Chair Janet Yellen, calling on the Federal Reserve to cease negotiating "binding" international financial regulatory standards in such forums as the Financial Stability Board and the Basel Committee "until President Trump has had an opportunity to nominate and appoint officials that prioritize America's best interests." Rep. McHenry serves as Chief Deputy Whip in the US House of Representatives and as Vice Chairman of the Financial Services Committee of the US House of Representatives.

The text of Rep. McHenry's letter is available at: https://c.ymcdn.com/sites/iib.site-ym.com/resource/resmgr /weekly_bulletin/1-31-17McHenryLettertoYellen.pdf.

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