House Financial Services Committee Chair McHenry will not seek re-election

Rep. Patrick McHenry, R-N.C., announced Tuesday he will not seek re-election in 2024. McHenry has served in Congress since 2005 and has chaired the House Financial Services Committee since January 2023.

“Rep. McHenry has been a strong supporter of credit unions throughout his time in Congress and has helped us advance several important pieces of legislation while leading the House Financial Services Committee,” said CUNA President/CEO Jim Nussle. “It was a privilege to work alongside him on issues like properly tailored rulemakings and Bank Secrecy Act reform, his door was always open to meet with North Carolina credit unions, and he was a welcome presence at several Governmental Affairs Conferences throughout the years. We wish him and his family the best on their next step.”

“From the day Congressman McHenry took office, he has been actively engaged in financial services issues and always open to hearing from his local credit unions, particularly in his capacity as chairman of the House Financial Services Committee,” said Dan Schline, president/CEO of the Carolinas Credit Union League. “We extend our appreciation and gratitude to Chairman McHenry for his many years of service and leadership. His leadership will be greatly missed.”

McHenry worked with credit unions to oppose additional Internal Revenue Service Reporting requirements, and to ensure credit unions could participate in the Paycheck Protection Program and other COVID relief programs.