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Chairman Hill: The Fact Is: Over the Past Decade, We Have Witnessed Too Many Distracting ‘Mandates’ Diluting the Federal Reserve’s Core Mission of Price Stability

Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding the Federal Reserve’s Semi-Annual Monetary Policy Report hearing. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening remarks as prepared for delivery: "Welcome Chairman Powell and thank you for being here today. "For the last four years, inflation has crushed Americans. Today, it takes $1.21 to purchase what cost $1.00 in January of 2021, as measured by the Consumer Price Index. "...

Steil: Together, We Can Ensure That Stablecoin Issuers, Digital Asset Firms, and Blockchain Developers Can Operate Under Fair, Transparent, and Predictable Rules in the United States

Today, the House Financial Services Committee is holding a Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee hearing, led by Subcommittee Chairman Bryan Steil (WI-01), to examine existing use cases for digital assets and blockchain technology and explore why this technology holds vast potential to revolutionize the American economy. Read Subcommittee Chairman Steil’s opening remarks as prepared for delivery: "Good afternoon and welcome to the first hearing of the Hou...

Chairman Hill, Ranking Member Waters Host Bipartisan Roundtable on California Wildfires

Today, House Financial Services Committee Chairman French Hill (AR-02) and Ranking Member Maxine Waters (CA-43) issued the following statement after hosting a bipartisan California Wildfires Roundtable: “The Committee held a productive, bipartisan roundtable discussion on the devastating California wildfires where Members heard about the impacts of the disaster and came together to discuss potential solutions.”

Chairman Hill, Wagner, Loudermilk Applaud SEC Acting Director on Protecting the Financial Privacy of Americans

Today, House Financial Service Committee Chairman French Hill (AR-02), Capital Markets Subcommittee Chair Ann Wagner (MO-02) and Rep. Barry Loudermilk (GA-11) issued the following statement after Securities and Exchange Commission (SEC) Acting Director Mark Uyeda announced they will provide an exemption from the requirement to report Personally Identifiable Information (PII) in the Consolidated Audit Trail (CAT): Chairman Hill said, “With over 60% of Americans' private information already public...