Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, led by Subcommittee Chairman Bryan Steil (WI-01), is holding a field hearing on how the CLARITY Act establishes a clear and functional regulatory framework for digital assets in the United States. Read Subcommittee Chairman Steil’s opening remarks as prepared for delivery: "In Ame... Read More »
Today, on the one-year anniversary of the House’s bipartisan passage of H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act, the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, led by Subcommittee Chairman Bryan Steil (WI-01), hosted a field hearing at Federal Hall National Memorial in New York City. The hearing examined the CLARITY Act’s role in promoting ... Read More »
Yesterday, the House Financial Services Committee, led by Chairman French Hill (AR-02), hosted Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought for a hearing on the agency’s Semi-Annual Report, the reforms underway at the Bureau, and legislative efforts to ensure the CFPB remains transparent, accountable, and focused on protecting consumers. On Restoring Accountability an... Read More »
Yesterday, the House of Representatives passed three bills from the House Committee on Financial Services. H.R. 3074 - the Common Cents Act, sponsored by House Republican Conference Chairwoman Lisa McClain (MI-09), passed the House by voice vote. H.R. 3074 ends the production of the penny and allows for production of a more cost-effective nickel, reducing unnecessary costs to taxpayers while also ... Read More »
Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a Full Committee hearing featuring testimony from Consumer Financial Protection Bureau Acting Director Russ Vought on the CFPB’s Semi-Annual Report, the changes underway at the agency, and reforms needed to ensure it remains accountable, transparent, and focused on its consumer protection mission. Read C... Read More »
Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a Full Committee hearing featuring testimony from Federal Reserve Chairman Kevin Warsh on the agency's Semi-Annual Monetary Policy Report. Read Chairman Hill's remarks as prepared for delivery: "I want to welcome our witness, the Honorable Kevin Warsh, to his first appearance before Congress as Chairman ... Read More »
Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), welcomed Federal Reserve Board Chairman Kevin Warsh for a hearing on his views on the future path of the economy, the Federal Reserve’s monetary policy functions, and efforts to achieve price stability and ensure the Federal Reserve remains focused on its core mission. On Restoring Price Stability and Economic C... Read More »
Today, the 21st Century ROAD to Housing Act, a landmark bipartisan, bicameral housing package championed by House Financial Services Committee Chairman French Hill (AR-02), became law. Chairman Hill said, “Homeownership should be within reach for more Americans, and this law moves us closer to that goal. This bill reduces unnecessary barriers to building, strengthens community banks, and ensures f... Read More »
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 »
