Yesterday, the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, led by Subcommittee Chair Bryan Steil (WI-01), held a hearing to evaluate how financial regulators and firms are using AI. On the Potential for Regulators to Use AI: “AI is, of course, rapidly changing the way Americans live, work, and engage with our financial system. Last congress, we explored AI pr... Read More »
House Committee on Financial Services Chairman French Hill (AR-02) released the following statement after the U.S. House of Representatives passed a short-term continuing resolution, which included the extension of the Defense Production Act (DPA) and the National Flood Insurance Program (NFIP). “Protecting the homes of American families and strengthening our national security are two of our most ... Read More »
Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence led by Digital Assets Subcommittee Chairman Bryan Steil (WI-01) is holding a hearing to examine how financial services regulators and firms are using AI in different areas and analyze both the benefits and risks of AI adoption. Read Subcommittee Chairman Steil’s opening remarks as ... 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 various types of financial fraud affecting American families. Read Subcommittee Chairman Meuser’s opening remarks as prepared for delivery: "I would like to thank the witnesses for being here today to discuss financial fraud and ... Read More »
House Committee on Financial Services Chairman French Hill (AR-02), Chairman of the Subcommittee on Oversight and Investigations Dan Meuser (PA-09), and Chairman of the Subcommittee on Financial Institutions Andy Barr (KY-06), sent a letter to Federal Reserve Chairman Jerome Powell requesting information on the Fed’s efforts to mitigate the increase in financial fraud and determine if further acti... Read More »
Today, the Subcommittee on Oversight and Investigations, led by Subcommittee Chair Dan Meuser (PA-09), held a hearing examining the growing problem of financial fraud affecting American families, including the rise in check fraud and senior scams. The subcommittee also explored how federal agencies can better use their authority to combat this issue and improve consumer outreach. Full Committee Ch... Read More »
House Committee on Financial Services Chairman French Hill (AR-02), Rep. Byron Donalds (FL-19), and Rep. Marlin Stutzman (IN-03) reintroduced the Price Stability Act aiming to end the Federal Reserve’s dual mandate and ensure the central bank focuses exclusively on containing inflation. "For too long, the Federal Reserve has been stretched between competing objectives. It's time to return to a cle... 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 the Terrorism Risk Insurance Act's (TRIA) structure and operations ahead of its current expiration date of December 31, 2027. Read Subcommittee Chair Flood’s opening remarks as prepared for delivery: "I’d like to thank our witnesses for bei... 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 how adding additional goals outside the Federal Reserve's current mandate hinders its ability to focus on price stability and the costs associated with failing to achieve its objectives. Read T... Read More »
Today, the Subcommittee on Housing and Insurance, led by Subcommittee Chair Mike Flood (NE-01), held a hearing examining the functions of the Terrorism Risk Insurance Act of 2002 (TRIA) and how it interacts with both domestic and international terrorism insurance markets. On the Need to Reauthorize TRIA: “… TRIA’s value is not just in direct responses to terrorism events. The program makes it easi... Read More »
Today, the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, led by Chair Frank Lucas (OK-03), held a hearing exploring the Federal Reserve’s current mandates. The Task Force also discussed how adding additional goals outside the Federal Reserve’s current mandate may hinder its ability to focus on those goals. On Concerns About the Expanding the Fed’s Mandate: “Th... Read More »
The House Committee on Financial Services, led by Chairman French Hill (AR-02), today held a full committee markup. The committee successfully reported 11 bills to the full House of Representatives that support our banking system and make our capital markets more efficient. “Today, the Committee marked up a variety of bills aimed at strengthening our capital markets and reducing unnecessary regula... Read More »
House Financial Services Committee Chairman French Hill (AR-02) delivered the following statement at today's markup of various bills which foster economic growth, strengthen our capital markets, and more. Read Chairman Hill's remarks as prepared for delivery. "Good morning. Today, we will advance a series of bills aimed at strengthening our banking system and making our capital markets more effici... Read More »
The Clock Is Ticking on Crypto Market Structure Legislation in the U.S. Chairman French Hill CoinDesk, September 16, 2025 With the enactment of the GENIUS Act and passage of the CLARITY Act through the U.S. House of Representatives, the United States has reversed its hostile approach to the digital asset ecosystem. While the Biden Administration spent the past four years injecting uncertainty for ... Read More »
Today, House Committee on Financial Services Chairman French Hill (AR-02) published a new op-ed in CoinDesk. In his piece, the Chairman explained the importance of enacting comprehensive digital asset market structure legislation into law and the significance of this pivotal moment to solidify America as the crypto capital of the world. Read the Chairman’s full op-ed here or below: With the enactm... Read More »
