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House Passes Four Financial Services Bills

| Posted in Press Releases

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…

Financial Services Reviews the State of the International Financial system

| Posted in Press Releases

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…

Chairman Hill: The Bills Before Us Today Will Expand Opportunity, Strengthen Protections, and Increase Accountability for Consumers

| Posted in Press Releases

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…

Chairman Hill: The United States Plays a Central Role in Shaping the International Financial System

| Posted in Press Releases

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…

Chairman Hill & Chairman Thompson on Senate CLARITY Vote

| Posted in Press Releases

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…

Full Committee Reviews Record of Administration and Republicans Supporting Economic Growth

| Posted in Press Releases

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…

Washington Examiner: One stroke of a pen could erase Trump’s consumer protection legacy — unless Congress acts | Rep. Andy Barr

| Posted in Member Corner

One stroke of the pen could erase Trump's consumer protection legacy - unless Congress acts Rep. Andy Barr (KY-06) September 2, 2026 The best consumer protection is consumer choice. When banks, credit unions, and financial technology companies compete for Americans’ business, consumers benefit from better products, lower costs, greater convenience, and expanded access to credit. But…

Chairman Hill: Our Economy is Strongest When Government Creates the Conditions for Growth

| Posted in Press Releases

Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a Full Committee hearing to examine the economic impact of the Trump Administration’s pro-growth policies and regulatory reforms and their role in advancing affordability, investment, innovation, and access to capital. Read Chairman Hill's remarks as prepared for delivery: "This Committee's…

House Financial Services Committee Unveils CFPB Reform Package

| Posted in Press Releases

Today, House Committee on Financial Services Chairman French Hill (AR-02), Financial Institutions Subcommittee Chairman Andy Barr (KY-06), and nearly all Committee Republicans unveiled the Consumer Financial Protection Accountability and Reform Act of 2026. The Consumer Financial Protection Accountability and Reform Act of 2026 will restore accountability to the Consumer Financial…