With a pragmatic approach to governance and a reputation for fostering bipartisan dialogue that leads to bipartisan results, U.S. Congressman Patrick McHenry (R-NC) has been instrumental in shaping policies that drive innovation and economic growth. McHenry gained national prominence as Acting Speaker of the U.S. House of Representatives during a critical period of legislative transition in 2023.
Patrick McHenry was appointed Special Assistant to the Secretary of the U.S. Department of Labor in 2001 under the George W. Bush administration, where he supported federal labor policy and administrative operations. He later served ten terms in the US House of Representatives as the Congressman for North Carolina"s 10th Congressional District. Throughout his time in Congress, McHenry was a member of the House Financial Services Committee, including serving as its lead Republican member and Chairman. As a senior member of the House Financial Services Committee, McHenry has focused on modernizing financial regulations to keep pace with technological advancements. He introduced the landmark "FIT (Financial Innovation and Technology) for the 21st Century Act" and "Clarity for Payment Stablecoins Act" to create a balanced regulatory framework for cryptocurrencies and blockchain technology. McHenry’s leadership in this space reflects his dedication to ensuring the United States remains at the forefront of global financial innovation while safeguarding investors and maintaining market stability.
During his time leading the committee, McHenry drove a robust legislative agenda focused on cryptocurrency, capital formation, artificial intelligence, fintech, data privacy, and corporate governance issues, among other topics. In addition to guiding the House Financial Services Committee, McHenry led the House of Representatives in October 2023, serving as the first ever Speaker Pro Tempore following the ouster of former Speaker Kevin McCarthy. During that time McHenry led the institution and worked to preserve the powers of the Speakership while also helping drive House Republicans towards consensus on a new Speaker?a process that took nearly a month. McHenry also served as one of House Republicans’ lead negotiators in the spring of 2023 as they worked with the Biden Administration to pass the Fiscal Responsibility Act?a legislative package that achieved historic spending cuts and an increase in the debt ceiling, avoiding a catastrophic default.
Congressman McHenry is a seasoned legislator and a leading voice in U.S. economic and financial policy, with expertise spanning key areas such as banking, financial regulation, and Crypto-currency, bitcoin, and other technologies, making him a sought-after voice on the future of economic policy. With years of experience navigating complex economic and legislative challenges, McHenry offers strategic advice on leading during a crisis, connecting business and finance with Washington policymakers, and addressing fiscal policy issues.