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 »
Today, the House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence and House Committee on Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development, held a joint roundtable on digital assets led by Subcommittee Chairmen Bryan Steil (WI-01) and Dusty Johnson (SD-AL). The discussion assessed the current regula... Read More »
House Committee on Financial Services Chairman French Hill (AR-02), House Committee on Agriculture Chairman G.T. Thompson (PA-15), House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Chair Bryan Steil (WI-01), and House Committee on Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development Chair Dusty Jo... Read More »
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 »
