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HEARINGS NOTICE: House Financial Services Committee Schedule for April 2026

Fri, 27 Mar 2026 04:00:00 GMT

Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), announced the following Committee activity for April 2026:

Capital Markets Subcommittee Hearing Entitled: “Safeguarding Main Street: Combatting Fraud and Exploitation in Our Capital Markets”

Time: 10:00 AM ET

Date: Wednesday, April 15, 2026

Place: 2128 Rayburn House Office Building

Financial Institutions Subcommittee Hearing Entitled: “Promoting Access to Credit for Everyday Americans”

Time: 10:00 AM ET

Date: Thursday, April 16, 2026

Place: 2128 Rayburn House Office Building

Markup of Various Measures

Time: 10:00 AM ET

Date: Tuesday, April 21, 2026

Place: 2128 Rayburn House Office Building

Housing and Insurance Subcommittee Hearing Entitled: “Diversifying Risk: The Benefits of Reinsurance and Credit Risk Transfers”

Time: 10:00 AM ET

Date: Wednesday, April 22, 2026

Place: 2128 Rayburn House Office Building

National Security, Illicit Finance, and International Financial Institutions Subcommittee Hearing Entitled: “Evaluating the Effectiveness of U.S. Sanctions Programs”

Time: 2:00 PM ET

Date: Wednesday, April 22, 2026

Place: 2128 Rayburn House Office Building

Full Committee Hearing Entitled: “Prioritizing Main Street: Evaluating the Impact of Capital Proposals on Economic Growth and American Communities”

Time: 10:00 AM ET

Date: Tuesday, April 28, 2026

Place: 2128 Rayburn House Office Building

Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity Hearing Entitled: “Examining Derivatives’ Role in the Treasury Market”

Time: 10:00 AM ET

Date: Wednesday, April 29, 2026

Place: 2128 Rayburn House Office Building

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Housing and Insurance Subcommittee Reviews Mitigation Tactics to Reduce the Risk of Flooding

Fri, 27 Mar 2026 04:00:00 GMT

Yesterday, the House Financial Services Subcommittee on Housing and Insurance, led by Chairman Mike Flood (NE-01), examined how targeted mitigation investments can reduce flood damage, strengthen community preparedness, and lower long-term costs for taxpayers.

On Insurance Structure and Risk Exposure:

Subcommittee Chairman Flood said, "Flood damage is a unique kind of peril. It is not covered by homeowners insurance the way wind, hail or other damage would be. Instead, the National Flood Insurance Program is the primary source of flood insurance coverage for residential properties across the country.”

Rep. Troy Downing (MT-02) said, “The National Flood Insurance Program and the coverage over multiple lost properties has been of particular interest to me as the former Insurance Commissioner of the state of Montana and one of my main concerns has been making sure that Montana taxpayers are not subsidizing the risky and costly policies issued in these flood prone areas.”

On Reducing Risk Through Mitigation:

Rep. Scott Fitzgerald (WI-05) questioned witnesses on what policies would reduce taxpayer liability, to which Mr. Steve Ellis, President, Taxpayers for Common Sense replied, "Well, certainly I think you can tackle it from both [limiting coverage for SRL properties or expanding buyouts]. And by doing a smart buyout system that buys out whole neighborhoods that are at risk, you're going to have a significant reduction in the risk to taxpayers. I mean, there's no doubt about it. And then obviously, if you are able to tackle severe repetitive losses properties to mitigate them so that they're not in that category anymore or conduct buyouts for those, it is going to have a beneficial impact."

Rep. Andrew Garbarino (NY-02) said, “By aligning mitigation with risk transfer and encouraging public private collaboration, this approach helps communities recover more quickly and build long term resilience.”

Witnesses Echoed the Work of the Committee:

Ms. Alicia Puente Cackley, Director, Financial Markets and Community Investment, U.S. Government Accountability Office said, “However, NFIP faces multiple serious and longstanding challenges, primarily because NFIP has two competing goals: keep flood insurance affordable and keep the program fiscally solvent. Major flood events since 2005 and an emphasis on affordability have left the program with insufficient premium revenue to pay claims. As a result, some of the financial burden of flood risk has shifted from property owners to taxpayers. FEMA administers several mitigation grant programs that can reduce flood risk for NFIP-insured properties. A relatively small share of these properties, known as repetitive loss properties, have flooded and received payment for claims multiple times. These properties contribute to the program’s fiscal challenges.”

Ms. Diane Horn Specialist in Flood Insurance and Emergency Management, Congressional Research Service said, “A particular challenge for the NFIP is that the premiums collected have been insufficient to cover claims payments from catastrophic flooding events. The NFIP was not designed to retain funding to cover claims from extreme events; there was a recognition by Congress from the beginning of the program that there might be truly exceptional events for which the NFIP would have to borrow from the Treasury and pay it back with interest. Currently, Congress has authorized FEMA to borrow no more than $30.425 billion from the Treasury to operate the NFIP.”

Mr. Steve Ellis said, “Mitigation should not just be about rebuilding stronger while keeping properties and communities exposed to future risk—it should be about reducing exposure to risk. Yet, fewer than one in four of the highest-risk properties have been mitigated. Instead, we continue to spend taxpayer dollars rebuilding the same properties again and again. We are choosing to pay repeatedly rather than reduce risk permanently. Every dollar spent rebuilding a property that will flood again is a dollar not spent preventing the next disaster.”

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Steil: Regulators Must Evolve as Quickly as the Technologies They Oversee

Thu, 26 Mar 2026 04:00:00 GMT

Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence led by Subcommittee Chairman Bryan Steil (WI-01) is holding a hearing to examine how agencies are addressing emerging technologies and to explore how Congress can support responsible innovation while ensuring strong oversight and accountability.

Read Subcommittee Chairman Steil’s opening remarks as prepared for delivery:

"We meet at a moment when the pace of technological change is not just accelerating, it is redefining the very foundations of our financial system. Innovation in areas like artificial intelligence, digital assets, and real time payments is reshaping how Americans save, invest, and transact.

"The question before us is not whether this transformation will continue. It will. The real question is whether our regulatory framework is prepared to meet it. Regulators must evolve as quickly as the technologies they oversee. A static approach to supervision in a dynamic environment is a recipe for failure.

"Agencies need the tools, expertise, and flexibility to understand emerging risks without stifling the innovation that drives economic growth. That means embracing new supervisory technologies, investing in talent, and engaging directly with innovators, not as adversaries, but as partners in building a safer and more resilient system.

"At the same time, we must be clear that fostering innovation is not optional. It is essential to maintaining the United States’ global leadership. If we fail to create an environment where financial institutions and entrepreneurs can responsibly innovate, that innovation will move elsewhere. With it will go jobs, investment, and influence over the standards that will govern the future of finance.

"We should want the next generation of financial technologies to be developed here, grounded in transparency, accountability, and the rule of law. Regulators cannot, and should not, navigate this moment alone. Congress has a critical role to play.

"We must provide clear direction to ensure that agencies approach innovation in a consistent, accountable, and transparent manner. Fragmentation and uncertainty serve no one. Through thoughtful oversight and, where necessary, legislative action, we can establish guardrails that both encourage innovation and protect customers. Our responsibility is to strike that balance.

"If we get this right, we will not only keep pace with change, but we will also secure America’s leadership in the financial system.

"I want to thank our witnesses for being with us here today and I look forward to today’s discussion."

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Flood: We Need to Abate the Flooding Risk

Thu, 26 Mar 2026 04:00:00 GMT

Today, the House Financial Services Committee is holding a Housing and Insurance Subcommittee hearing, led by Subcommittee Chair Mike Flood (NE-01), to investigate ways to lower the costs and damage of flooding.

Read Subcommittee Chairman Flood’s opening remarks as prepared for delivery:

"I’d like to thank our witnesses for being with us today, and I very much look forward to an important discussion focused on the National Flood Insurance Program, with special emphasis on mitigation efforts and multiple loss properties.

"The National Flood Insurance Program, or NFIP, was established in 1968 in response to repeated flood disasters that resulted in the need for federal disaster relief. At the time, Congress felt the NFIP could make flood insurance coverage more widely available at reasonable terms for those who needed it.

"Flood damage is a unique kind of peril. It is not covered by homeowners insurance the way wind, hail or other damage would be. Instead, the National Flood Insurance Program is the primary source of flood insurance coverage for residential properties across the country.

"The NFIP is managed by the Federal Emergency Management Agency (FEMA). It’s primarily funded through premiums from policyholders, but premiums charged by the program often do not fully reflect real flood risk.

"When premiums from the National Flood Insurance Fund are insufficient to pay claims, the program has authority to borrow from the Treasury.

"For most of its history, the NFIP borrowed relatively little from the Treasury. However, after a very destructive hurricane season in 2005, Congress increased the borrowing limit for the program to roughly $20 billion to pay claims. Then, after Hurricane Sandy in 2012, Congress increased the borrowing limit for the program again to $30.425 billion.

"The NFIP has continued to accrue debt in the years that have followed. Most recently, the program borrowed $2 billion in additional funds in February 2025, bringing the program’s current debt to $22.525 billion. That leaves just $7.9 billion more in borrowing authority before the program hits its borrowing cap.

"In order to appreciate what is driving the increasing debt for this program, we need to better understand what is driving the risk within the flood insurance program.

"During this hearing, we have witnesses prepared to speak on two important factors that affect the program’s financial health: multiple loss properties and mitigation.

"Multiple loss properties are properties that flood repeatedly, often costing the NFIP and taxpayers significant money. According to the GAO, as of 2021 unmitigated multiple loss properties made up about 2.5 percent of NFIP policies, but 48 percent of NFIP claims.

"We can find some public reporting that tells the story of these properties that repeatedly flood. For example, the Washington Post reported in 2024 that one property in Virginia Beach has flooded an astounding 52 times, including four floods in 2020 and two in 2021. That property received payments totaling around $784,967 from the program.

"I’d like to submit that article into the record.

"The mismatch between the number of these repetitive loss properties covered by the NFIP and the amount of claims paid out to those homes demonstrates a significant structural challenge for the program.

"While multiple loss properties constitute a significant driver of flood insurance claims, mitigation is a potential means of limiting flood damages across the country.

"Methods of mitigation can vary, but in general there are four main strategies for mitigating risk:

1. Acquisition, where a state or local government purchases flooded structures and demolishes them;

2. Elevation, where a structure is raised higher to bring the property above the flood plain;

3. Relocation, where local governments purchase land to help relocate the structure; and

4. Floodproofing, where renovations are made to reduce future flood damage.

"All of these mitigation tactics can be used to limit flood losses in areas that are otherwise prone to flooding. Any conversation about the future of the National Flood Insurance Program will naturally feature some differences of opinion based upon regional divides, but that’s okay.

"Whether you are from an area that floods frequently or an area that floods rarely, I feel that we all have a unified set of goals that are intertwined: We need to abate the flood risk. High flooding risk means more damages for homeowners and more claims and debt is added to the already severely indebted NFIP. I hope our witnesses can help us chart a path forward towards those goals.

"Before I yield back, I’d like to submit a couple letters into the record:

NAMIC
APCIA

"I yield back."

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Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Reviews Regulators’ Efforts to Keep Pace with Financial Innovation

Thu, 26 Mar 2026 04:00:00 GMT

Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, led by Chairman Bryan Steil (WI-01), examined how federal financial regulators prioritize innovation initiatives and are adapting to rapid technological change.

On Regulators Prioritizing Innovation:

Full Committee Chairman French Hill (AR-02) said, “Financial innovation is accelerating rapidly. Federal agencies have to keep pace with these new technologies, and that is a challenge inside a big federal compliance and supervisory bureaucracy. This raises important questions about whether the agencies have the structure and the expertise to respond effectively, and we must ensure that our regulators evolve alongside the markets, the very markets that they oversee.”

Subcommittee Chairman Steil said, "Agencies need the tools, expertise, and flexibility to understand emerging risks without stifling the innovation that drives economic growth. That means embracing new supervisory technologies, investing in talent, and engaging directly with innovators, not as adversaries, but as partners in building a safer and more resilient system."

On Reversing the Biden Administration’s Anti-Crypto Agenda:

Rep. Marlin Stutzman (IN-03) said, “During the Biden Administration, the Fed established the Novel Activities Supervision Program through Supervision and Regulation Letter 23-7. This program was a part of the Biden Administration's Operation Chokepoint 2.0 and stifled digital asset innovation through burdensome requirements imposed on financial institutions. This Committee has helped President Trump reverse the Biden Administration's anti-innovation agenda, including Operation Chokepoint 2.0 through stablecoin and digital asset market structure legislation.”

On Balancing Technological Advancement with Regulatory Certainty:

Rep. William Timmons (SC-04) said, “I often emphasize the need to bring stability and consistency to the agencies under this Committee's jurisdiction. Sharp swings in policy between administrations can create uncertainty, discourage investment, and make it harder for American firms to plan and grow. Providing clear direction and oversight is one of Congress's most important responsibilities, especially in fast moving sectors. Nowhere is that more important than in digital assets and emerging technologies.”

Rep. Zach Nunn (IA-03) said, “Artificial intelligence is already driving real benefits by expanding our financial sector, lowering costs, and helping institutions serve our customers better. And we all agree this is a good thing. But as adoption accelerates, so do the risks, including fraud, misinformation, and adversaries using these very tools against us. We have seen clearly a direction from Congress that is working. The Administration's artificial intelligence framework points in the same direction.”

Rep. Troy Downing (MT-02) said, “I was the Commissioner of Securities and Insurance for the state of Montana, but one of the things that we explored were regulatory sandboxes and had some success there trying to, you know, find a way to try innovative projects that didn't quite fit within the regulatory framework and give them some runway to figure that out.”

Witnesses Echoed the Work of the Committee:

Mr. Randall Guynn, Director, Division of Supervision and Regulation, Federal Reserve Board said, “Artificial intelligence (AI) has been around in various forms for some time, and Federal Reserve supervisory staff have continually monitored banks’ use of it. Many variations of AI, like machine learning, have been in use for years and banks often deploy these mature, time-tested capabilities at their firms. For instance, some firms use machine learning tools in fraud detection and prevention. The use of AI has grown markedly over the past several years at supervised banks, which are deploying both in-house and vendor products. AI can improve operational efficiencies, enhance risk management capabilities, generate new content, and provide new analytical insights.”

Mr. Jay Gallagher, Senior Deputy Comptroller and Chief of National Bank Examiner, Office of the Comptroller of the Currency said, “In addition to implementing a federal framework for permitted payment stablecoin issuers, the OCC is facilitating the adoption of AI by interested banks to improve business functions. The use of AI among banks is not new. However, recent developments, particularly generative and agentic AI, offer banks opportunities to automate and improve core operational, customer service, and other activities in novel ways. As these technologies evolve, the OCC aims to ensure adoption proceeds in a manner consistent with safety, soundness, and applicable law. Many banks utilize third-party technology providers to gain a competitive edge in a rapidly evolving marketplace. As the market continues to evolve, the OCC is actively developing regulatory approaches that right size supervisory expectations, emphasize institution-specific risk management, and position the OCC to support community banks that utilize these relationships.”

Mr. Ryan Billingsley, Director, Division of Risk Management Supervision, Federal Deposit Insurance Corporation said, “We are seeing firsthand how banks are adopting a range of technologies to improve operational efficiencies, expand product offerings to meet customer needs, and enhance customer interactions. Banks have increasingly utilized AI and machine learning in a range of areas, including fraud detection, anti-money laundering and countering the financing of terrorism (AML/CFT) processes, and credit underwriting. For example, some banks have used AI and cash flow data to assist in underwriting for those who may not have access to credit under more traditional underwriting methods.”

Ms. Amanda Parkhill, Acting Director, Office of Examination and Insurance, National Credit Union Administration said, “Credit unions have a long history of embracing technologies that enhance member experience and service quality and have expanded into using AI powered tools- including automated loan underwriting, virtual assistants for member service, and fraud detection software. The financial services industry is evolving rapidly with advances in AI, blockchain, and digital assets. As credit unions evaluate, implement, and manage various technologies, NCUA recognizes the importance of supporting them in these endeavors. To that end, the agency added an AI Resources page to our website in August 2025.”

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Chairman Hill: Today’s Discussion is Vital to Shaping the Future of Our Capital Markets

Wed, 25 Mar 2026 04:00:00 GMT

Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a Full Committee hearing to examine the impact of asset tokenization on capital markets, including its regulatory implications and the need to balance innovation with investor protection and market integrity.

Read Chairman Hill's remarks as prepared for delivery:

"Good morning. We stand at the threshold of a significant transformation in our financial landscape. Current early adoption efforts in the tokenization of assets are changing the ways securities are issued, traded, and recorded.

"By leveraging distributed ledger technology to represent financial instruments and their ownership, tokenization has the potential to streamline processes and introduce entirely new ones, promising greater efficiency, transparency, and accessibility.

"However, as tokenization becomes more prevalent in our capital markets, it raises important legal and regulatory questions. We must ensure that our existing securities laws are equipped to govern these modern, emerging technologies without stifling the very progress they offer.

"Today’s hearing provides Members with an opportunity to identify regulatory gaps and inefficiencies that could create risk or hinder investor protection and orderly market objectives. We must foster an environment that supports growth while maintaining the investor protections that are the bedrock of our system.

"As we move forward, we must also consider the broader impact of tokenization on market integrity and capital formation, while examining how it can enhance transparency and efficiency for investors, regulators, and market participants, including by upgrading certain compliance functions themselves.

"Evaluating this impact will help this Committee better understand both the opportunities and the risks associated with this emerging technology.

"Today’s discussion is vital to shaping the future of our capital markets and guiding policy and legislative approaches that support innovation and the growth of U.S. capital markets, while maintaining strong investor protections.

"The United States has led the world in financial innovation, and it is essential that we continue to pave the way for future advancements in a manner that is responsible and supported by clear, effective regulatory frameworks.

"In doing so, we can help ensure that innovation serves the broader public interest, strengthens market integrity, and reinforces the United States’ continued leadership in global capital markets.

"I look forward to hearing from our witnesses today, and I yield back."

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Committee Republicans Introduce Proposals to Reform Deposit Insurance

Wed, 25 Mar 2026 04:00:00 GMT

This week, several Republican Members of the House Financial Services Committee introduced various proposals to reform the U.S. deposit insurance framework.

Full Committee Chairman French Hill (AR-02) stated, “As Congress considers these and other proposals, the Committee will continue to work in a data-driven manner. Our guiding principles are to ensure stability of the banking system, maintain depositor confidence, fairly apportion costs, enforce market discipline, and reduce moral hazard.”

This week, Republican Members of the Committee introduced the following bills:

H.R. ____, a bill to authorize the Secretary of the Treasury to direct the Federal Deposit Insurance Corporation and the National Credit Union Administration to establish emergency transaction account guarantee programs, and for other purposes, introduced by Subcommittee on Financial Institutions Chairman Andy Barr (KY-06).

H.R. ____, the Growing Deposit Insurance for the Future Act, introduced by Subcommittee on Oversight and Investigations Chairman Dan Meuser (PA-09).

H.R. ____, the Main Street Depositor Protection Act, introduced by Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity Chaiman Frank Lucas (OK-03).

H.R.____, a bill to require the Federal Deposit Insurance Corporation and the National Credit Union Administration to carry out an analysis to determine whether insurance coverage should be raised on covered transaction accounts, and for other purposes, introduced by Rep. Marlin Stutzman (IN-03).

Further Background:

On November 18, 2025, the Committee held a hearing entitled The Future of Deposit Insurance: Exploring the Coverage Costs, and Depositor Confidence to hear from experts about the costs and benefits of various deposit insurance reform proposals.
On December 15, 2025, Committee leadership sent a letter to the Federal Deposit Insurance Corporation (FDIC) with questions about the data banks currently submit on their quarterly Call Reports, whether the current data is adequate to implement proposed changes to deposit insurance coverage, and whether the current data is sufficient to estimate the additional assessments banks would be required to pay to fund any increase in insurance coverage.
The FDIC sent its response on December 31, 2025.

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Chairman Hill Statement on FSOC Guidance on Nonbank Financial Company Designations

Wed, 25 Mar 2026 04:00:00 GMT

House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement regarding the Financial Stability Oversight Council’s (FSOC) proposed guidance on nonbank financial company designations:

“The Committee commends FSOC for the proposed interpretive guidance on nonbank financial company designations. This would increase transparency around the Section 113 designation process and undo some of the Biden Administration’s changes, including removing the requirement for a cost-benefit analysis and not considering alternatives to designation. In order to cement a more durable approach to the designation process moving forward, it is critical to enact legislative reforms like the Committee’s bipartisan Financial Stability Oversight Council Improvement Act, which passed the House of Representatives last month under suspension of the rules.”

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Full Committee Evaluates the Role Tokenization Plays in Our Capital Markets

Wed, 25 Mar 2026 04:00:00 GMT

Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), held a hearing examining the role tokenization can play in modernizing our capital markets and if regulatory updates could benefit U.S. competitiveness. Members explored how traditional securities can be brought onto blockchain networks, what that could mean for investors, and how to ensure investor protections and market integrity still remain strong as the technology evolves.

On the Impact of Tokenization:

Chairman Hill said, “By leveraging distributed ledger technology to represent financial instruments and their ownership, tokenization has the potential to streamline processes and introduce entirely new ones, promising greater efficiency, transparency, and accessibility. However, as tokenization becomes more prevalent in our capital markets, it raises important legal and regulatory questions.”

Small Business Committee Chairman Roger Williams (TX-25) said, “We've heard today how tokenization can modernize our capital markets, including faster settlements, reduced counterparty risk, more efficient movement of capital. Shortening the settlement cycle can free up liquidity, reduce costs tied to delays, and allow capital to be put to work more freely. For a small business owner operating on tight margins like myself – I'm a small business owner in Texas – tokenization can translate into better financing, more predictable cash flow, and lower costs.”

Rep. Tim Moore (NC-14) said, “Tokenization has the potential to fundamentally modernize how our operates work. It enables these traditional financial assets to be represented on blockchain based systems. It means faster settlement, lower cost, greater transparency and expanded access for investors. But today's markets still rely on layers of intermediaries that process, which can delay settlement and increase operational risk. Tokenization, however, introduces the possibility that transactions can be completed in real time.”

On the Need for Regulatory Modernization:

Subcommittee on Capital Markets Chairman Ann Wagner (MO-02) said, “The United States has the deepest and most liquid capital markets in the world. As one of our economy's greatest strengths, they have helped make America the premier destination to start and grow a business. However, global competition is intensifying and other jurisdictions are actively modernizing their financial systems to attract investment.”

Subcommittee on Financial Institutions Chairman Andy Barr (KY-06) said, “No doubt tokenization of securities is coming. It's here. And our modernization of our securities regulation is required, both in terms of preserving that gold standard of investor protection, but also making sure that the United States is leading the way.”

Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity Chairman Frank Lucas (OK-03) said, “This topic also raises important questions about how to integrate new technology into existing market regulations. Our capital markets, I think we would all agree, are the envy of the world and certainly we must safeguard that status.”

Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Chairman Bryan Steil (WI-01) said, “Our capital markets have long been the envy of the world and led because we've consistently upgraded both our market infrastructure, but also importantly, upgraded our rule books. And that means providing clear rules of the road for innovators developing new base layer technologies and applications, as well as some integrators combining those tools with, in some cases, centuries of market expertise. If we get this right, I think we can uphold the core principles of capital formation, liquidity, and investor protection while making the regulatory upgrades needed to sustain them in a rapidly evolving financial system.”

Rep. Young Kim (CA-40) said, “When we discuss the term “brain drain,” it's often used in the context of foreign content, the talents leaving their home countries to come to America because of the opportunities that we provide. However, in the digital asset industry, this strain reflects a 2% year over year decline in the U.S. share of blockchain developers over the last five years. In 2018, the U.S. share of global blockchain developers was 40%, and today it is down to 20%. While the rogue regulation of former SEC Chair Gary Gensler did America no favors in fostering crypto innovation in America, that does not mean it is too late to reverse his policies and establish America as the Crypto Capital of the World by doing something that we already did, passing the CLARITY Act.”

Witnesses Echoed the Work of the Committee:

The Honorable Kenneth Bentsen, Jr., President and Chief Executive Officer, SIFMA said, “The United States leads the world with the deepest, most liquid capital markets built on a foundation of robust investor protection and market transparency and integrity. The undergirding of that foundation is the most technologically sophisticated market infrastructure that ensures robust operational resiliency proven to deliver maximum execution quality and efficiency including during periods of extreme stress. Our markets’ quality and growth, including operational efficiency, are the result of constant investment in new technology and processes to better serve clients. As such, SIFMA and its members strongly support innovation in the securities markets and believe new technologies such as distributed ledger technology (“DLT”) and tokenization offer many potential benefits for the U.S."

The Honorable Summer Mersinger, Chief Executive Officer, Blockchain Association said, “Tokenization can make it easier to access and manage investments in familiar financial products—such as holding tokenized securities in retirement or brokerage accounts, receiving income from tokenized funds or bonds, and transferring assets more quickly and efficiently. For long-term savers, this could mean more flexible access to income-generating investments, simpler portfolio management, and the ability to transact outside of limited market hours. For businesses, tokenization can lower the cost of raising capital and broaden the pool of potential investors. These practical use cases illustrate how tokenization can support a wide range of Americans, from individual savers to institutional market participants. The benefits of tokenization reflect broader changes in how capital markets operate. By modernizing how assets are recorded, transferred, and settled, tokenization can improve efficiency, reduce risk, and expand access to financial markets.”

Mr. Christian Sabella, Managing Director and Deputy General Counsel, DTCC said, “At DTCC, we believe tokenization offers an exciting potential to carry that effort further by pushing financial markets toward a more streamlined and resilient ecosystem where DLT networks and traditional industry rails seamlessly integrate. That said, any new tokenized service of the financial future needs to ensure that it can protect and promote the same goals our traditional markets deliver today: choice, competition, interoperability, and the most liquid and dynamic financial markets in the world.”

Mr. John Zecca, Executive Vice President and Global Chief Legal, Risk and Regulatory Officer, Nasdaq said,“Tokenization should be viewed as part of a broader modernization of capital markets—toward a more continuous, more automated, and more interconnected financial system. History shows that when companies are able to access deep, competitive public markets, they invest more, expand faster, and create more jobs—underscoring why market structure decisions have real consequences for economic growth. Nasdaq’s leadership has described 23/5 trading as an initial step toward an always‑on market infrastructure for the future, and tokenization as a complementary capability that can modernize how securities move through the lifecycle—from trading and settlement workflows to issuer‑investor engagement.”

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Chairman Hill Statement on President Trump’s National AI Legislative Framework

Fri, 20 Mar 2026 04:00:00 GMT

House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after the Trump Administration released their National AI Legislative Framework:

“I commend President Trump for releasing a thoughtful National Legislative Framework for AI that pairs innovation with targeted safeguards. As Congress moves forward, advancing regulatory sandboxes and a flexible, sectoral based approach will be critical to enabling responsible development. The Committee has long supported a pro-innovation, pro-consumer, pro-investor approach to AI, including through a bipartisan resolution earlier this year. The United States must maintain a ‘try-first’ mindset to preserve our leadership in the global AI race.”

Further Background:

On January 22, 2026, the full Committee advanced a bipartisan resolution 54-0 that acknowledges AI’s expanding role in the financial services and housing sectors. The resolution underscores the importance of appropriate oversight, enforcement of existing laws, and robust consumer protections, while affirming that the Committee should promote a pro-innovation approach to the use of AI.
On January 21, 2026, the Chairman Hill hosted an expo on the use of AI in the financial services and housing sectors.
On December 10, 2025, the Committee held a Full Committee hearing examining AI in financial services.
On September 18, 2025, the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee held a hearing analyzing how financial services regulators and firms use AI.
In July 2025, Chairman Hill, Rep. Richie Torres (D-NY), Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Chairman Bryan Steil (R-WI), and Rep. Josh Gottheimer (D-NJ), alongside Senator Mike Rounds (R-SD), Senator Andy Kim (D-NJ), Senator Thom Tillis (R-NC), and Senator Martin Heinrich (D-NM) introduced the bipartisan Unleashing AI Innovation in Financial Services Act.
In July 2025, the Trump Administration released Winning the AI Race: America’s AI Action Plan, which highlighted the importance of enabling AI adoption through regulatory sandboxes.
Rep. Hill served as a member of the House-wide bipartisan Task Force on Artificial Intelligence in the 118th Congress, which delivered a report on its findings in December 2024.
In the 118th Congress, then-Subcommittee Chairman French Hill and Rep. Torres introduced the Unleashing AI Innovation in Financial Services Act, along with Sen. Rounds and Sen. Heinrich on August 5, 2024.
During the 118th Congress, then-Subcommittee Chairman French Hill co-led a House Financial Services Committee bipartisan Working Group on Artificial Intelligence with then-Committee Chairman Patrick McHenry (R-NC), Ranking Member Maxine Waters (D-CA), and Subcommittee Ranking Member Stephen F. Lynch (D-MA). The bipartisan Working Group on AI released a bipartisan staff report on its findings in July 2024.
In the 116th Congress, Rep. Hill served as the Ranking Member of the Task Force on Financial Technology and Task Force on Artificial Intelligence, and in the 118th Congress, he served as the Subcommittee Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion.

Hearing Entitled: Examining Derivatives’ Role in the Treasury Market

Wed, 29 Apr 2026 14:00:00 GMT