House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after the World Bank announced it will phase out its lending to China by 2031: “I’m pleased to see the World Bank take long overdue steps to restore common sense policies. As the world’s largest official creditor, China should not benefit from development financing intended for countries in greater ne... Read More »
The House Committee on Financial Services, led by Chairman French Hill (AR-02), successfully reported 10 bills to the full House of Representatives. The Committee also approved a resolution reauthorizing the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity. The bills reflect the Committee's long-standing efforts to promote economic growth, protect the integrity of... Read More »
Today, the U.S. House of Representatives passed H.R. 7128, the TRIA Program Reauthorization Act of 2026, by a vote of 373-15. Sponsored by Subcommittee on Housing and Insurance Chairman Mike Flood (NE-01), this bipartisan bill reauthorizes the Terrorism Risk Insurance Program, ensuring continued stability in the marketplace, protecting American businesses, and providing certainty for insurers agai... Read More »
Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a markup of various bills that reflect the Committee's long-standing efforts to promote economic growth, protect the integrity of our markets, strengthen confidence in our financial system, and reinforce a strong regulatory framework. Read Chairman Hill's remarks as prepared for delivery: "Today, we will... Read More »
The House Financial Services Subcommittee on Capital Markets, led by Subcommittee Chairman Ann Wagner (MO-02), held a hearing to examine the modern investment ecosystem and assess the investment strategies available to Americans. On Expanding Investment Opportunities for Americans: Full Committee Chairman French Hill (AR-02) said, “Last year, retail flows in the stock market, [saw a] 53% increase ... Read More »
Today, the House Financial Services Committee is holding a Capital Markets Subcommittee hearing, led by Subcommittee Chairman Ann Wagner (MO-02), to examine the evolving relationship between active and passive investing and to assess whether the current regulatory framework keeps pace with market innovation. Read Subcommittee Chairman Wagner's opening remarks as prepared for delivery: "Good mornin... Read More »
Today, the U.S. House of Representatives passed H.R. 2478, the Financial Exploitation Prevention Act of 2025, by a vote of 414-2. Sponsored by Subcommittee on Capital Markets Chairman Ann Wagner (MO-02) and Rep. Josh Gottheimer (NJ-05), this bipartisan bill provides financial institutions greater authority to help prevent suspected financial exploitation of older Americans and individuals with men... Read More »
Today, the House Financial Services Committee is holding a Full Committee hearing to examine payments innovation, the evolving role of banks and fintechs, and the opportunities and risks associated with special-purpose charters. Read Subcommittee on Financial Institutions Chairman Andy Barr's (KY-06) remarks as prepared for delivery: "Good morning. "The Amerian payments system is a critical compon... Read More »
Today, the House Financial Services Committee examined the changing landscape of the nation’s payments system and its implications on bank and non-bank charters during a Full Committee hearing. On Maintaining U.S. Leadership in Financial Innovation: Subcommittee on Financial Institutions Chairman Andy Barr (KY-06) said, “For generations, the United States has benefited from having one of the stron... Read More »
Today, the 21st Century ROAD to Housing Act, led by House Committee on Financial Services Chairman French Hill (R-AR), Ranking Member Maxine Waters (D-CA), Subcommittee on Housing and Insurance Chair Mike Flood (R-NE), and Subcommittee on Housing and Insurance Ranking Member Emanuel Cleaver (D-MO), passed the U.S. House of Representatives by a bipartisan vote of 358-32, clearing Congress and headi... Read More »
House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement regarding the death of former Federal Reserve Chairman Alan Greenspan: Chairman Hill said, “Martha and I were sad to read about the passing of our friend Alan Greenspan. I fondly recall all my interactions with the Chairman during my service in the Bush ‘41 Administration. He was funny, a gentleman an... Read More »
Inflation Is Stealing form Americans, but the Price Stability Act Can Help Chairman French Hill (AR-02) June 22, 2026 The rising cost of living facing American families didn’t happen overnight. It’s the result of years of reckless government spending, monetary policy errors, and a growing willingness in Washington to treat inflation as an acceptable trade-off for short-term political gain. As a re... Read More »
House Committee on Financial Services Chairman French Hill (AR-02) and Ranking Member Maxine Waters (CA-43) issued the following statements after the Senate passed the 21st Century ROAD to Housing Act: “Housing affordability starts with supply, and this bill makes meaningful progress toward building more homes and lowering costs for American families. For the past two congresses Senate Banking Com... Read More »
Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), announced the following Committee activity for July 2026: Full Committee Hearing Entitled: “The Federal Reserve’s Semi-Annual Monetary Policy Report” Time: 10:00 AM ET Date: Tuesday, July 14, 2026 Place: 2128 Rayburn House Office Building Full Committee Hearing Entitled: “The Semi-Annual Report of the Bureau of ... Read More »
Last week, the House Financial Services Committee's Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, led by Task Force Chairman Frank Lucas (OK-03), held a field hearing examining the structure of the Federal Reserve System and the role its federated framework plays in monetary policy. On the Importance of the Federal Reserve’s Regional Structure: Task Force Chai... Read More »
