Yesterday, the House Committee on Financial Services held a hearing examining how the Trump Administration’s revised capital proposals, including Basel III, are appropriately right-sized to strike the proper balance between safety and soundness and economic growth. On 2026 Proposals Compared to 2023 Basel III Proposal: Subcommittee on Financial Institutions Subcommittee Chairman Andy Barr (KY-06) ... Read More »
Today, the House Financial Services Committee is holding a hearing to examine newly released capital proposals from federal regulators, including Basel III, updates to the standardized approach, and changes to the GSIB surcharge. The hearing focuses on ensuring capital rules are appropriately tailored, support lending and economic growth, and keep U.S. financial institutions competitive globally.... Read More »
House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement regarding the Department of Justice's announcement it was closing its investigation of Federal Reserve Chairman Jerome Powell: “I welcome the Department of Justice’s decision to close its investigation. As I’ve said since January 12, I felt like the accusation that Chairman Powell had committed some s... Read More »
Yesterday, the House Financial Services Subcommittee on Housing and Insurance, led by Subcommittee Chairman Mike Flood (NE-01), held a hearing on the role of reinsurance and credit risk transfers (CRT) in helping distribute risk across the market. On Protecting Taxpayers Through Private Capital: Full Committee Chairman French Hill (AR-02) said, “So much of this is offsetting loss for the taxpayers... Read More »
Yesterday, the House Committee on Financial Services, led by Chairman French Hill (AR-02), successfully reported 4 bills to the House of Representatives. “The bills before us encompass a wide range of policy areas, each reflecting the Committee’s focus on promoting economic growth, strengthening market integrity, and ensuring our regulatory framework keeps pace with a rapidly evolving financial la... Read More »
Today, the House Financial Services Committee is holding a Housing and Insurance Subcommittee hearing, led by Subcommittee Chairman Mike Flood (NE-01), focused on the importance of reinsurance and credit risk transfer (CRT). Read Subcommittee Chairman Flood’s opening remarks as prepared for delivery: "I’d like to thank our witnesses for being with us today, and I look forward to an interesting dis... Read More »
Today, the House Financial Services Committee and the House Energy & Commerce Committee announced a joint effort to advance two landmark data privacy bills, the GUARD Financial Data Act and the SECURE Data Act, to provide Americans more control over their personal data, create a uniform national framework to promote competition, and improve consumer choice by increasing access to financial product... Read More »
Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), announced the following Committee activity for May 2026: Markup of Various Measures Time: 10:00 AM ET Date: Wednesday, May 13, 2026 Place: 2128 Rayburn House Office Building National Security, Illicit Finance, and International Financial Institutions Subcommittee Hearing Entitled: “Modernizing the BSA for Financ... Read More »
Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Warren Davidson (OH-08), examined whether U.S. sanctions are being used strategically to advance clear foreign policy and national security objectives. On Sanctions Strengthening U.S. National Security: Subcommittee Chairman Davidson said, “Ensuring that... Read More »
Today, the House Financial Services Committee is holding a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing, led by Subcommittee Chairman Warren Davidson (OH-08), to evaluate the effectiveness of U.S. sanctions programs. Read Subcommittee Chairman Davidson's opening remarks as prepared for delivery: "I welcome our distinguished witness, the Honorabl... Read More »
Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a markup of various bills that highlight the Committee’s focus on promoting economic growth, strengthening market integrity, and ensuring our regulatory framework keeps pace with a rapidly evolving financial landscape. Read Chairman Hill's remarks as prepared for delivery: "Good morning. Today we are mar... Read More »
Yesterday, the House Financial Services Subcommittee on Financial Institutions, led by Chairman Andy Barr (KY-06), examined the consumer credit reporting market and the importance of accurate credit reports for risk management and access to credit. On Promoting Economic Opportunity: Subcommittee Chairman Barr said, "Access to credit is fundamental to economic mobility. It is the foundation that pr... Read More »
Today, the House Financial Services Committee is holding a Subcommittee on Financial Institutions hearing, led by Subcommittee Chairman Andy Barr (KY-06), to examine the consumer credit reporting market and the importance of accurate credit reports for risk management and access to credit. Read Subcommittee Chairman Barr's opening remarks as prepared for delivery: "I want to thank our witnesses fo... Read More »
Today, the the House Financial Services Committee is holding a Capital Markets Subcommittee hearing, led by Subcommittee Chairman Ann Wagner (MO-02), to examine securities fraud and financial exploitation, evaluate current enforcement tools, and identify gaps that may undermine market integrity and investor confidence. Read Subcommittee Chairman Wagner's opening remarks as prepared for delivery: "... Read More »
Today, the House Financial Services Subcommittee on Capital Markets, led by Chairman Ann Wagner (MO-02), examined measures to strengthen protections for Americans against financial fraud and scams. On the Rising Threat of Financial Fraud: Full Committee Chairman French Hill (AR-02) said, “Between 2020 and 2024, so since the pandemic, securities and investment fraud offenses have increased 25%. In ... Read More »
