House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement regarding the Financial Stability Oversight Council’s (FSOC) proposed guidance on nonbank financial company designations:
“The Committee commends FSOC for the proposed interpretive guidance on nonbank financial company designations. This would increase transparency around the Section 113… Read more »
Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), held a hearing examining the role tokenization can play in modernizing our capital markets and if regulatory updates could benefit U.S. competitiveness. Members explored how traditional securities can be brought onto blockchain networks, what that could mean for investors, and how to ensure investor… Read more »
House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after the Trump Administration released their National AI Legislative Framework:
“I commend President Trump for releasing a thoughtful National Legislative Framework for AI that pairs innovation with targeted safeguards. As Congress moves forward, advancing regulatory sandboxes and a… Read more »
Yesterday, the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, led by Chairman Frank Lucas (OK-03), held a hearing entitled, “Revisiting the Treasury-Fed Accord.” Members reviewed the purpose of the Treasury-Federal Reserve Accord of 1951 (Accord) and how this Accord became the standard approach in conducting modern central banking. Members also… Read more »
House Committee on Financial Services Chairman French Hill (AR-02) and Subcommittee on Financial Institutions Chairman Andy Barr (KY-06) issued the following statement regarding the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency’s Basel III proposal:
“The Committee applauds the Federal banking agencies’ joint effort to incorporate… Read more »
Today, the House Financial Services Committee is holding a Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity hearing, led by Task Force Chairman Frank Lucas Davidson (OK-03), to review the purpose of the Treasury-Fed Accord of 1951 and how it became the standard approach in conducting modern central banking.
Read Task Force Chairman Lucas' opening… Read more »
Today, the House Financial Services Committee is holding a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing, led by Subcommittee Chairman Warren Davidson (OH-08), to conduct oversight over the Export-Import Bank of the United States in preparation for its reauthorization in December 2026.
Read Subcommittee Chairman Davidson's opening… Read more »
Yesterday, the House Financial Services Committee, led by Chairman French Hill (AR-02), explored potential changes to modernize Title V of the Gramm-Leach-Bliley Act (GLBA) to ensure consistent and effective financial data privacy protections for all Americans.
On Consumer Privacy Laws:
Chairman Hill said, “Most state consumer privacy laws exempt either GLBA compliant institutions or… Read more »
Today, the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Warren Davidson (OH-08), hosted the Export-Import (EXIM) Bank of the United States President and Chairman John Jovanovic for a hearing entitled, “Oversight of the Export-Import Bank.”
On Strengthening U.S. Competitiveness:
Subcommittee Chairman… Read more »
Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a hearing to provide an overview of financial data privacy policy and examine the current patchwork of legal frameworks at the Federal and state levels.
Read Chairman Hill's remarks as prepared for delivery:
"Good morning. Today’s hearing will examine the current state of consumer financial… Read more »
