House Financial Services Committee Chairman French Hill (AR-02) today released the following statement after current Federal Reserve Governor Michelle "Miki" Bowman was nominated to serve as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System. Chairman Hill previously expressed his support for Bowman to fill the vacancy. “I applaud the nomination of Miki Bowman to serve as Vice Chair for Supervision. Miki has done an outstanding job as the community banking designa...
Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a hearing to explore a federal framework for payment stablecoins, including examining the updated STABLE Act bill text, as well as the consequences of a Central Bank Digital Currency (CBDC) in the United States. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening remarks as prepared for delivery: "Good morning and welcome to today’s hearing entitled, 'Navigating the Digital Payment...
House Financial Service Committee Chairman French Hill (AR-02) applauded the passage of H.J. Res 25, which would overturn the Biden Administration’s harmful 'Broker Rule' that stifles innovation in the digital asset ecosystem. "The Biden Administration’s controversial ‘Broker Rule’ is a clear example of government overreach that threatens to push American digital asset development overseas. I was proud to protect America’s leadership in the digital asset ecosystem and vote to overturn this harmf...
The House Financial Services Committee, led by Chairman French Hill (AR-02), held a hearing entitled, "Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency." The hearing examined the promise of blockchain technology, specifically in payments with stablecoins and discussed how the Committee’s STABLE Act will impact payment stablecoin issuers, protect consumers, and foster competition and innovation. Members of the Committee also examined t...
