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Financial Services Highlights Support for Effort to Roll Back Biden-ERA CFPB Overdraft Rule

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The House Financial Services Committee, led by Chairman French Hill (AR-02), is considering H.J. Res 59, Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to ‘‘Overdraft Lending: Very Large Financial Institutions,” which comes following a final rule issued by the Consumer Financial Protection Bureau (CFPB) that effectively imposes government…

Financial Services Committee Holds First Full Committee Markup

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The House Financial Services Committee, led by Chairman French Hill (AR-02), today held the first full committee markup of the 119th Congress. The Committee favorably reported 11 bills to the full U.S. House of Representatives for consideration. “To show our commitment to defending the U.S. and its allies against China, this markup included several bipartisan measures championed by…

Lucas: Congress' Attention to Monetary Policy is Crucial As We Know the Actions of the Fed Directly Impact the Economic Well-Being of All Americans

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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 monetary policy and economic opportunity. Read Task Force Chair Lucas’ opening remarks as prepared for delivery: "Welcome to the first hearing of the Task Force on Monetary Policy,…

Flood: The Housing Affordability Challenge Affects Everyone

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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 factors and policies that have led to the lack of housing supply in America. Read Subcommittee Chair Flood’s opening remarks as prepared for delivery: "I am pleased to call to order the first Housing and Insurance…

Hill, Scott, Colleagues Underscore Importance of Filling Federal Reserve Vacancy

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House Financial Services Committee Chairman French Hill (R-AR) and Senate Banking Committee Chairman Tim Scott (R-SC) led a letter to Treasury Secretary Scott Bessent highlighting the need to quickly fill the role of Vice Chair for Supervision of the Board of Governors of the Federal Reserve System. House Financial Services Committee Republican Reps. Bill Huizenga…

Hill, Cotton, Scott and Colleagues to Uyeda: Review Approach to Consolidated Audit Trail

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House Financial Services Committee Chairman French Hill (R-AR), Senate Banking Committee Chairman Tim Scott (R-SC), and Senator Tom Cotton (R-AR) sent a letter to the Securities and Exchange Commission (SEC) Acting Chairman Mark Uyeda to launch a comprehensive review of all aspects of the Consolidated Audit Trail (CAT). Senator Boozman (R-AR), Senator Bill Hagerty (R-TN), Senator…

Representatives Hill, Wagner, Barr and Senators Scott, Hagerty Express Concerns with the European Union’s Corporate Sustainability Due Diligence Directive

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The Chairman of the House Financial Services Committee, French Hill (AR-02), Chairman of the Subcommittee on Capital Markets, Ann Wagner (MO-02), Chairman of the Subcommittee on Financial Institutions, Andy Barr (KY-06), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, Tim Scott (R-S.C.), and Chairman of the Subcommittee on National Security and International Trade…

Wagner: Access to Capital is Not a Partisan Issue, It's About Ensuring That Businesses, Investors, and Workers Have the Tools They Need to Succeed

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Today, the House Financial Services Committee is holding a Capital Markets Subcommittee hearing, led by Subcommittee Chair Ann Wagner (MO-02), to examine the critical role of capital formation in driving economic growth. Read Subcommittee Chair Wagner’s opening remarks as prepared for delivery: "Good morning and thank you all for joining us today. We’re going to be discussing ways to…

Financial Services Committee Examines Policy Tools to Outcompete China

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The House Financial Services Committee, led by Chairman French Hill (AR-02), held a hearing entitled, "Examining Policies to Counter China." The hearing highlighted the challenges posed by China across a range of policy issues, including China's dominance as an official creditor and its influence in the international financial institutions, energy security, the development of…

Financial Services Committee Requests Feedback on Legislative Proposals to Increase Investor Access and Facilitate Capital Formation

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Following today’s Subcommittee on Capital Markets hearing focused on strengthening public and private markets by increasing investor access and facilitating capital formation, the House Financial Services Committee is requesting feedback from the public on capital formation and the slate of bills the Committee considered during the hearing. Interested member of the public may send their…

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