U.S. Representative Patrick McHenry said on Thursday he was seeking the top Republican position on the House finance panel, and received the backing of a fellow Republican who had been considered the top contender for the role.
“I look forward to continuing my conversations with my House Republican colleagues as I make the case for why I’m the best candidate to lead our committee going forward,” McHenry said in a statement, two days after Democrats won control of the House of Representatives in congressional elections.
If he becomes the ranking Republican on the House Financial Services Committee, McHenry, now the panel’s vice chairman, would work alongside – and often in opposition to – Democratic Representative Maxine Waters, who is set to chair the powerful body starting in January.
Waters is a fierce critic of big banks. She wants to impose tougher rules on the sector and investigate President Donald Trump.
Republican Representative Blaine Luetkemeyer, who had emerged as the front-runner to lead the panel if Republicans maintained their House majority, backed McHenry’s candidacy on Thursday, calling him “the right man for the job.”
Luetkemeyer, a banking industry ally, told Reuters last week that while he would like the top job on the finance panel, he would not pursue it if McHenry, also the House Republicans’ deputy whip, sought the post.
“McHenry will serve the Financial Services Committee well, working to find common ground with the Democratic Chair and serving as loyal opposition when the need arises,” Luetkemeyer said in a statement.
The committee’s current chairman, Republican Jeb Hensarling, is retiring from Congress.
McHenry said in the statement announcing his candidacy:
“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.”
The North Carolina lawmaker told Reuters last week that if he sat atop the committee, he would focus on financial innovation, housing finance reform and financial inclusion.
Reporting by Katanga Johnson; Additional reporting by Pete Schroeder and Peter Cooney
Trump stokes division in Republican Party as he rages at Sen. Lisa Murkowski
As the Republican Party is struggling to defend him in a moment of nationwide strife, President Donald Trump decided Thursday night to fuel divisions within GOP rather than make nice.
He had already lashed out on Wednesday at his former Defense Secretary James Mattis, who sharply criticized Trump’s response to the ongoing George Floyd protests. But on Thursday night, Trump took at aim at sitting Republican Sen. Lisa Murkowski of Alaska.
‘Outrageous and criminal behavior’: Internet blows up at graphic video of Buffalo Police pushing over an elderly man
On Thursday, footage emerged of police in Buffalo, New York pushing an elderly man to the ground, and refusing to help him as he lay bleeding profusely from a head injury.
The footage triggered immediate outrage on social media.
Horrible. I pray he’s ok. https://t.co/wL2gcNeAIT
— Joe Walsh (@WalshFreedom) June 5, 2020
WATCH: Protester bled from his ear after being shoved by police — cops say he ‘tripped’
SHocking video from Buffalo, New York was posted online on Thursday after a large group of police confronted a lone protester -- and then violently shoved him.
"Shortly after Buffalo’s curfew started, city police and State Police swept through the area of Niagara Square directly in front of City Hall to clear the area where a protest was finishing. An unidentified, older man was hit shoved by two officers in the line. The man lost his balance and fell to the pavement, audibly hitting his head with blood running out from under his head," WBFO-TV reports.