House Financial Services Committee Chairman French Hill (AR-02) and Senator Tom Cotton (R-AR) recently introduced the Small Business Audit Correction Act. The bicameral legislation would provide targeted relief from certain audit requirements for small broker-dealers in good standing, reducing compliance costs and allowing them to devote more resources to growing their businesses and… Read more »
On Friday, the Subcommittee on Financial Institutions, led by Subcommittee Chairman Andy Barr (KY-06), hosted a field hearing in Richmond, Kentucky, to examine the importance of community banks in expanding access to capital, supporting affordable housing, and driving economic growth in local communities. The hearing highlighted how the Main Street Capital Access Act would help strengthen… Read more »
Today, the House Financial Services Committee is holding a Financial Institutions Subcommittee field hearing, led by Subcommittee Chairman Andy Barr (KY-06), to examine the critical role community banks play in supporting Main Street America and the unique challenges they face under the current federal regulatory framework.
Read Subcommittee Chairman Barr's opening remarks… Read more »
On Wednesday, the House Committee on Financial Services, led by Chairman French Hill (AR-02), favorably reported 8 bills to the full House of Representatives.
“These bills reflect a practical, common-sense approach to expanding opportunity, protecting consumers, preserving choice and competition, and demanding accountability from the institutions that serve the American people. At the… Read more »
This week, the U.S. House of Representatives passed four bills from the House Committee on Financial Services.
H.R. 10167, the Common Cents Act, sponsored by House Republican Conference Chairwoman Lisa McClain (MI-09), passed the House by voice vote. H.R. 10167 ends the production of the penny and allows for the production of a more cost-effective nickel, reducing unnecessary costs to… Read more »
Tuesday, 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 full committee hearing here.
On America’s Competitiveness and Influence on International Financial… 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 expand opportunity, protect consumers, preserve choice and competition, and demand accountability from the institutions that serve the American people.
Read Chairman Hill's remarks as prepared for… Read more »
Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a Full Committee hearing to hear from Treasury Secretary Scott Bessent on how we can ensure U.S. leadership at the IMF and the World Bank advances American economic interests.
Read Chairman Hill's remarks as prepared for delivery:
"Good morning. I want to welcome Secretary Bessent back to the… Read more »
House Committee on Financial Services Chairman French Hill (AR-02) and House Committee on Agriculture Chairman Glenn “GT” Thompson (PA-15) issued the following statement after the U.S. Senate failed to invoke cloture on the CLARITY Act:
"Today’s vote does not change the need for Congress to enact clear rules of the road for the digital asset ecosystem. Only Congress can provide the… Read more »
Yesterday, the House Committee on Financial Services, led by Chairman French Hill (AR-02), examined how the Trump Administration’s economic and regulatory policies are shaping the economy and highlighted Committee Republicans’ efforts to provide the certainty businesses and financial institutions need to invest, innovate, and support long-term economic growth.
On Economic Growth and… Read more »
