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McHenry will not seek reelection
House Financial Services Committee Chairman Patrick McHenry (R-N.C.) announced Tuesday he will not seek another term in next year’s general election. McHenry has served for two decades – the last six as the Republican leader for the committee.
“Chairman McHenry has been a champion for credit union opportunities, innovation, and oversight in his two decades of service in Congress and in his role as Chairman of the House Financial Services Committee,” said NAFCU President and CEO Dan Berger. “From taking on the CFPB to navigating the new world of fintechs and crypto, his legacy will be cemented in history as a warrior for Main Street businesses and consumers. At NAFCU, we thank him for his unwavering support and wish him and his family all the best in this new chapter.”
In January, McHenry spoke with Berger to outline his priorities for the committee including CFPB’s harmful regulatory enforcement strategy, data privacy, renewed focus on cryptocurrency and other credit union priorities. Watch the full conversation.
McHenry emphasized he will finish out this term.
NAFCU’s award-winning advocacy team continues to work with lawmakers to fight for the betterment of the credit union industry. Stay tuned to NAFCU Today for the latest out of Washington.