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News Now

Washington
N.C.s McHenry to chair House TARP subcommittee
WASHINGTON (12/22/10)--Rep. Patrick McHenry (R-N.C.) has been named to chair the new House Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, beginning in January. McHenry was recently named chair by incoming House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.) McHenry in a statement said that he looks forward to leading the subcommittee’s charge “to bring transparency, openness, and solutions for the challenges facing our financial system.” Issa in the same release said that McHenry would help lead the committee’s interface with the financial services industry and “ensure that both government and private enterprises are held accountable for how they spend taxpayer dollars.” McHenry, who has served as a congressman since 2004, is a member of the House Financial Services Committee. The North Carolina Credit Union League’s Senior Vice President of Association Services Dan Schline told NewsNow that McHenry has maintained a good relationship with credit unions both statewide and in his district, which includes Hickory, N.C. and other towns near Charlotte. “He’s certainly always accessible and willing to listen to our thoughts on issues of interest to credit unions,” Schline added.


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