House Financial Services Committee Chairman French Hill (AR-02) delivered the following statement, as prepared for delivery, at today's markup of various bills that strengthen community banking, expand access to capital, and more. Watch Chairman Hill’s opening remarks here. "Good morning. During our past five months of the 119th Congress, this Committee has been hard at work examining solutions to... Read More »
Today, the House of Representatives passed S.J. Res 13, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency (OCC) relating to the review of applications under the Bank Merger Act. The resolution, when signed into law by President Trump, will reverse a Biden-era rulemaking i... 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 theories as to why the Treasury market experienced periods of volatility during early April 2025. Read Task Force Chair Lucas’ opening remarks as prepared for delivery: "Welcome to this hearing... Read More »
House Committee on Financial Services Chairman French Hill (AR-02) and Rep. Juan Vargas (CA-52) introduced H.R. 3394, the Fair Investment Opportunities for Professional Experts Act. This bipartisan bill expands the definition of an accredited investor, allowing Americans who demonstrate education, professional experience, or other similar credentials the opportunity to invest in private offerings.... Read More »
Today, House Committee on Financial Services Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, led by Chairman Frank Lucas (OK-03), held a hearing examining why the Treasury Market experienced periods of volatility during April 2025. Members also discerned which regulatory changes could have helped enhance liquidity and mitigate the volatility seen in early April ... 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 opportunities to improve transparency and efficiency in the bank merger review process and promote a more competitive and accessible banking landscape. Read Subcommittee Chair Barr’s opening remarks as prepared for delivery: "I now recogniz... Read More »
Today, the House Financial Services Committee is holding a Housing and Insurance Subcommittee hearing, led by Subcommittee Chair Mike Flood (NE-01), to examine how to expand consumer choice and existing housing supply through the use of innovative housing solutions. Read Subcommittee Chair Flood’s opening remarks as prepared for delivery: "I am pleased to call to order the Housing and Insurance Su... Read More »
Today, the House Committee on Financial Services Subcommittee on Housing and Insurance, led by Chairman Mike Flood (NE-01), held a hearing to explore opportunities to expand consumer choice and existing housing supply through the use of innovative housing solutions. Members examined the market and regulatory barriers that affect the development and deployment of these innovative housing products a... Read More »
Today, House Committee on Financial Services Subcommittee on Financial Institutions, led by Chairman Andy Barr (KY-06), held a hearing to examine how regulatory complexity, unclear supervisory standards, and inconsistent approval timelines may be limiting new bank formation and contributing to consolidation in the financial sector. Watch today’s hearing online HERE. On encouraging entrepreneurial ... Read More »
By Rep. Dan Meuser Last week, we observed National Small Business Week — a time to recognize the contributions of small business owners, workers, and entrepreneurs across Pennsylvania and the United States. But these individuals deserve more than recognition. They deserve real support from their government. Small businesses are the backbone of our economy and the strength of our communities. They’... Read More »
Yesterday, President Trump signed two resolutions of disapproval under the Congressional Review Act into law which will overturn two Biden-era rules. S.J. Res. 18 nullifies the CFPB’s disastrous rule which attempted to set government price caps on overdraft fees, and S.J. Res. 28 nullifies the CFPB’s deeply flawed rule which expanded its authority over the digital payment ecosystem. House Committe... Read More »
House Financial Services Committee Chairman French Hill (AR-02) delivered remarks at today's hearing with Treasury Secretary Scott Bessent. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening remarks as prepared for delivery: "I want to welcome Secretary Bessent to his first appearance before our Committee. The President is fortunate to have a Cabinet official of his caliber. ... Read More »
Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), hosted Treasury Secretary Scott Bessent for a hearing entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” Watch today’s hearing online HERE. On how we can improve the World Bank and IMF: "The International Monetary Fund, the World Bank, and the re... Read More »
House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after Ranking Member Waters objected to today’s joint subcommittee hearing with the House Committee on Agriculture on the future of digital assets: “Last Congress, 279 Members showed that they do not support the status quo. In the absence of safeguards and regulatory certainty, consumers, digital asse... Read More »
Today, the House Financial Services and Agriculture Committees are holding a joint roundtable on digital assets led by Digital Asset Subcommittee Chairmen Bryan Steil (WI-01) and Dusty Johnson (SD-AL). This discussion will assess the current regulatory roles of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CTFC) and also evaluate proposed frameworks for cla... Read More »
