Today, House Financial Services Committee Chairman French Hill (AR-02) delivered the following statement, as prepared for delivery, at today's reconciliation markup. Watch Chairman Hill’s opening remarks here. "Good morning, thank you all for joining us today. "Today, we are undertaking the work assigned to us under the budget resolution that Congress adopted earlier this month. "The resolution as... Read More »
House Financial Services Committee Chairman French Hill (AR-02) joined the Crypto in America podcast to provide an update on market structure legislation, the Committee’s payment stablecoin bill, and more. View the full podcast here. Key Excerpts: On what crypto means for the American financial system: “[Crypto in America] means the future of payments, it means the future of financial services, an... Read More »
Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02,) advanced its budget reconciliation provisions. Under the Concurrent Budget Resolution, the Committee was instructed to reduce the federal deficit by no less than $1 billion. “Today, the Committee delivered on President Trump's request to rein in the federal government's spending. The Committee successfully excee... Read More »
Today, the House Financial Services Committee is holding a Capital Markets Subcommittee hearing, led by Subcommittee Chair Ann Wagner (MO-02), to examine the role and influence of proxy advisor firms, particularly Institutional Shareholder Services (ISS) and Glass Lewis, in shaping corporate governance and shareholder voting outcomes. Read Subcommittee Chair Wagner’s opening remarks as prepared fo... Read More »
Today, the House Financial Services Committee is holding a Financial Institutions Subcommittee hearing, led by Subcommittee Chair Andy Barr (KY-06), to explore reforms to increase accountability in bank supervision and enhance interagency coordination. Read Subcommittee Chair Barr’s opening remarks as prepared for delivery: "I want to thank our witnesses for being here today for the first of many ... Read More »
Today, the Subcommittee on Capital Markets, led by Chair Ann Wagner (MO-02), held a hearing entitled, "Exposing the Proxy Advisory Cartel: How ISS & Glass Lewis Influence Markets." This hearing examined the role and influence of proxy advisory firms, with a focus on Institutional Shareholder Service (ISS) and Glass Lewis, in shaping corporate governance and shareholder voting outcomes. Watch the h... Read More »
Today, the Subcommittee on Financial Institutions, led by Chairman Andy Barr (KY-06), held a hearing entitled, "Regulatory Overreach: The Price Tag on American Prosperity." This hearing focused on promoting regulatory fairness, transparency, and appropriately scaled oversight within the financial system. Members explored reforms to increase accountability in bank supervision and enhance interagenc... Read More »
Today, House Financial Services Committee Chairman French Hill (AR-02) announced the following Committee activity for May 2025: Joint House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence & House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development Hearing Entitled: American Innovation and the Future of Digital As... Read More »
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 explore which digital asset activities implicate U.S. securities law, why current regulations may not apply, and how Congress can take legislative action to address these challenges. Read Subcommittee... Read More »
Today, the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, led by Chairman Bryan Steil (WI-01), held a hearing entitled, "American Innovation and the Future of Digital Assets Aligning the U.S. Securities Laws for the Digital Age." This hearing examined the significant legal uncertainty surrounding the application of securities laws to digital assets, which leaves... Read More »
Today, the House of Representatives passed two CRAs overturning Consumer Financial Protection Bureau (CFPB) rules finalized in the waning days of the Biden-Harris Administration. S.J. Res. 18 nullifies the CFPB’s disastrous rule setting government price caps on overdraft fees and S.J. Res. 28 would nullify the CFPB’s deeply flawed rule expanding the CFPB's authority into the digital payments ecosy... Read More »
Today, the House Financial Services Committee is holding an Oversight and Investigations Subcommittee hearing, led by Subcommittee Chairman Dan Meuser (PA-09), to examine the waste, fraud, and mismanagement within the Department of Housing and Urban Development (HUD). Read Subcommittee Chairman Meuser’s opening remarks as prepared for delivery: "Today’s hearing is entitled, 'Decades of Dysfunction... Read More »
Today, the House Financial Services Committee is holding a Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force hearing, led by Task Force Chair Frank D. Lucas (OK-03), to explore the relationships between public and private actors in the Treasury Markets, and how post Dodd-Frank Act regulations have impacted the Treasury markets. Read Task Force Chair Lucas’ opening rem... Read More »
Today, the House Committee on Financial Services Subcommittee on Oversight and Investigations, led by Chairman Dan Meuser (PA-09), held a hearing entitled, "Decades of Dysfunction: Restoring Accountability at HUD." The hearing examined the persistent waste, fraud, and mismanagement within the Department of Housing and Urban Development (HUD). Members underscored the critical need for congressional... Read More »
Today, the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, led by Chairman Frank Lucas (OK-03), held a hearing entitled, "U.S. Treasury Debt in the Monetary System." This hearing explored the fundamentals of Treasury securities, the basic framework that governs markets for Treasury securities, and how the Federal Reserve uses those markets to conduct monetary po... Read More »
