There is strong and widespread support for the Committee’s bipartisan Main Street Capital Access Act, which passed the House on Tuesday by a bipartisan vote of 270-155-1. To date, over 100 organizations have expressed support for the bill.
For a one-pager on the bill, click here.
For a section-by-section on the bill, click here.
For more information, click here.
Here is… Read more »
Following the recent Full Committee hearing focused on the future of the Consumer Financial Protection Bureau (CFPB), the House Committee on Financial Services is requesting feedback from the public on a discussion draft of legislation to reform the structure and powers of the CFPB.
Interested members of the public may send their comments and answers to the questions below by August 21,… Read more »
Today, House Committee on Financial Services Chairman French Hill (AR-02) and Oversight & Investigations Subcommittee Chairman Dan Meuser (PA-09) released a staff report titled “Fighting Back: A Policy Framework for Combating the Rise of Financial Fraud & Scams.”
Over the past year, Committee Republicans have conducted an extensive investigation into the growing threat of… Read more »
Yesterday, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Warren Davidson (OH-08), held a hearing to examine efforts to strengthen the national anti-money laundering framework, improve FinCEN’s effectiveness, and combat illicit finance while reducing unnecessary regulatory burdens.
On FinCEN’s… Read more »
House Committee on Financial Services Chairman French Hill (AR-02), Subcommittee on Financial Institutions Chairman Andy Barr (KY-06), and all Subcommittee members sent a letter to Federal Reserve Vice Chair for Supervision Michelle Bowman, encouraging the Federal Reserve to continue improving the timeliness and efficiency of its review of bank merger and acquisition (M&A)… Read more »
Today, the House Financial Services Committee’s Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Subcommittee Chairman Warren Davidson (OH-08), is holding a hearing to examine FinCEN’s operations and efforts to reform costly, burdensome, and ineffective anti-money laundering and beneficial ownership reporting requirements.
Read… Read more »
Today, the House Financial Services Committee is holding a Housing and Insurance Subcommittee hearing, led by Subcommittee Chairman Mike Flood (NE-01), to examine the Federal Home Loan Banks’ role in providing liquidity to financial institutions and supporting affordable housing and community development.
Read Subcommittee Chairman Flood’s opening remarks as prepared for… Read more »
Today, the U.S. House of Representatives passed H.R. 6955, the Main Street Capital Access (“Main Street”) Act, by a vote of 270-155-1. Sponsored by House Committee on Financial Services Chairman French Hill (AR-02) and Subcommittee on Financial Institutions Chairman Andy Barr (KY-06), this bill revitalizes local bank formation and ensures that community lenders can focus on serving… Read more »
Today, the Housing and Insurance Subcommittee, led by Chairman Mike Flood (NE-01), held a hearing to explore the structure, operations, and mission of the Federal Home Loan Bank System.
On Supporting Local Lending and Community Banks:
Subcommittee Chairman Flood said, “… when I learned more about the Federal Home Loan Bank of Topeka's programs, I found them to be much more efficient in… Read more »
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… Read more »
