Similarly, McHenry and all committee Republicans sent a letter to Gensler on Sept. 26 criticizing the SEC for its "reluctance to consider stakeholder feedback and its failure to conduct thorough economic analysis."
And in an Oct. 2 post on X, formerly Twitter, McHenry said if Gensler does not provide Congress with requested documents related to the FTX collapse and the agency's proposed public company climate disclosure rule, "Republicans will have no choice but to issue the first subpoena to the SEC from my committee to compel their production."
As chair of the Financial Services Committee McHenry has such powers, but in is temporary role as acting speaker, or speaker pro-tempore, he is limited and likely unable to conduct any normal legislative business, according to Bloomberg. His primary task is to organize the election of a new speaker, but if Republicans come to an impasse, the House could grant McHenry time-limited authority to preside over debate and votes on ordinary bills, Bloomberg noted.
McHenry aides could not immediately be reached for comment.
On Oct. 3, the same day the House voted 216-210 to remove McCarthy, he told colleagues that he would not run for speaker again.
McHenry, who did not support McCarthy's removal, has announced his intention to hold speaker elections Oct. 11. The House Republican majority will hold a closed-door forum Oct. 10, where candidates can put themselves up for the job, according to Bloomberg.
With the House in state of limbo, it has recessed until Oct. 10. And until a new speaker is chosen, it likely cannot conduct votes on legislation, although House committees can conduct business, Bloomberg noted.
Bloomberg contributed to this story.