Today, the U.S. House of Representatives passed the Senate Amendment to H.R. 1 – One Big Beautiful Bill Act. House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement: “The American people voted for fiscal responsibility and change. Passage of President Trump’s ‘One, Big, Beautiful Bill’ follows through on that directive and begins the process of getting our... Read More »
Today, House Committee on Financial Services Chairman French Hill (AR-02), House Committee on Agriculture Chairman GT Thompson (PA-15), and House Leadership announced that the week of July 14th will be “Crypto Week.” The House of Representatives looks forward to considering the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act as part of Congress’ efforts to make Ameri... 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 Consumer Financial Protection Bureau's (CFPB) broad investigative authority and the harm its regulation by enforcement scheme has caused to working-class Americans. Read Subcommittee Chairman Meuser’s opening remarks as prepa... Read More »
This morning, the World Bank Group and the International Atomic Energy Agency (IAEA) formalized an agreement to support the deployment of nuclear energy in developing countries. This partnership represents the World Bank Group’s first reengagement with nuclear power in decades and signals a major step forward in expanding access to reliable energy across the globe. House Committee on Financial Ser... Read More »
Today, the Subcommittee on Oversights and Investigations, led by Chairman Dan Meuser (PA-09), held a hearing examining the Consumer Financial Protection Bureau’s (CFPB’s) broad authority, its regulation by enforcement scheme under former Director Rohit Chopra, and the harm these actions have caused to working-class Americans. Before the hearing, Subcommittee Chairman Meuser sent a letter to the Ac... Read More »
Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), announced the following hearings and markup for July 2025: Financial Institutions Subcommittee Hearing Entitled: “Main Street or Mandates? How Dodd-Frank Closed the Door on Financial Opportunities” Time: 10:00 AM ET. Date: Tuesday, July 8, 2025 Place: 2128 Rayburn House Office Building Task Force on Monetary Pol... 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 implementation and effects of Sarbanes-Oxley, particularly focusing on how certain provisions affect public companies and capital markets activity. Read Subcommittee Chair Wagner’s opening remarks as prepared for delivery: "Good morning. Than... Read More »
Today, the Subcommittee on Capital Markets, led by Subcommittee Chair Ann Wagner (MO-02), held a hearing examining the implementation and effects of the Sarbanes-Oxley Act of 2002 (SOX). Members focused particularly on how certain provisions affect public companies and capital markets activity. On the cost of SOX compliance: “Implementation of [Sarbanes-Oxley], particularly under section 404(b), i... Read More »
Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding the Federal Reserve’s Semi-Annual Monetary Policy Report hearing. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening remarks as prepared for delivery: "Good morning. I want to thank Chairman Powell for joining us today. "We appreciate your time and look forward to hearing more about... Read More »
Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), hosted Federal Reserve Chairman Jerome Powell to give an update on the Federal Reserve’s monetary policy outlook. On the strength of the economy: “Four months into the Trump Administration, American workers and taxpayers are already benefitting from a strong, resilient economy. The Fed has noted that growth is s... Read More »
Today, the House of Representatives overwhelmingly passed six bipartisan bills from the House Financial Services Committee. Cumulatively, these bills support small businesses, expand access to capital, protect homebuyers, and more. H.R. 3394 – Fair Investment Opportunities for Professional Experts Act, sponsored by Chairman French Hill (AR-02), passed the House by a bipartisan vote of 397-12. H.R.... Read More »
House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after President Trump signed S.J. Res. 13 into law yesterday. “I applaud President Trump signing S.J. Res. 13 into law and reversing a Biden-era OCC rule that imposed burdensome standards on bank mergers. Small banks depend on mergers to grow, innovate, and better serve their communities. This resolut... Read More »
House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement following Senate passage of the GENIUS Act: "Clear rules of the road for stablecoins are long overdue, and today we’re one step closer to creating a functional regulatory framework. I applaud the Senate’s passage of the GENIUS Act and the work of Chairman Scott, Senator Hagerty, and Senator Lummis to ... Read More »
Earlier this week, the House Financial Services Committee, led by Chairman French Hill (AR-02), passed the CLARITY Act by a bipartisan vote of 32-19. The same day, the House Agriculture Committee, chaired by GT Thompson (PA-15), passed the CLARITY Act by a vote of 47-6. Here's what experts and supporters of the Committee’s efforts are saying: Summer Mersinger, CEO, Blockchain Association said: “Ma... Read More »
The Securities and Exchange Commission (SEC) announced the withdrawal of 14 proposed rulemakings issued between 2020 and 2023, signaling that it does not intend to finalize these rules. In April, the Committee sent a letter to the SEC requesting the recission, modification, or re-proposal of multiple proposals. "I commend the SEC's decision to withdraw several misguided Gensler-era proposed rulema... Read More »
