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Chairman Hill Statement on Bipartisan Amendment to the 21st Century ROAD to Housing Act

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House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement on the House amendment to the 21st Century ROAD to Housing Act, which passed the Senate.  “I share in President Trump’s commitment to delivering a housing bill that puts American families first, expands access to home ownership, and enhances affordability. Over the last couple of…

Chairmen Hill, Thompson Statement on Senate Banking Committee Advancing the CLARITY Act

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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 Banking Committee advanced the CLARITY Act out of committee.  “Last July, the House sent a strong bipartisan message when 78 Democrats joined 216 Republicans to pass the CLARITY Act. On…

Financial Services Advances 6 Bills

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The House Committee on Financial Services, led by Chairman French Hill (AR-02), successfully reported 6 bills to the House of Representatives. “Yesterday, we advanced legislation that reflects the Committee's core mission of promoting financial innovation, strengthening consumer protections, and ensuring our regulatory framework keeps pace with a rapidly evolving financial landscape,”…

House Passes Four Financial Services Bills

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Yesterday, the House of Representatives passed four bills from the House Committee on Financial Services. H.R. 2071- Save Our Shrimpers Act, sponsored by Rep. Troy Nehls (TX-22), passed the House by a recorded vote of 391-18-1. H.R. 2071 requires the United States to oppose financing for foreign shrimp farming through the international financial institutions, supporting American…

Chairman Hill: We Cannot Fight a 21st-Century Threat with 20th-Century Tools

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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 strengthen our financial system, promote innovation, and protect the American people. Read Chairman Hill's remarks as prepared for delivery: "Good morning. "Before us today is an opportunity to advance…

Chairman Hill Welcomes Kevin Warsh as New Federal Reserve Chairman

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House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after the U.S. Senate confirmed Kevin Warsh to serve as Chairman of the Federal Reserve Board of Governors: "I want to congratulate Kevin Warsh on his confirmation as the next Chairman of the Federal Reserve. With his prior service on the Federal Reserve Board of Governors and his decades of…

Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity Reviews Derivatives’ Role in the Treasury Market

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Yesterday, the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, led by Chairman Frank Lucas (OK-03), held a hearing entitled, “Examining Derivatives’ Role in the Treasury Market.” Members reviewed how derivatives, such as futures and swaps, interact with the Treasury markets and increase market liquidity. On Treasury Market Resilience: Task Force…

Hill, Barr on CFPB’s Final 1071 Rule

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House Committee on Financial Services Chairman French Hill (AR-02) and Financial Institutions Subcommittee Chairman Andy Barr (KY-06) issued the following statement on the Consumer Financial Protection Bureau’s (CFPB) final rule on Section 1071: “We commend the CFPB’s final rule on small business lending data collection. While the previous administration’s flawed regulation would have…

Full Committee Reviews Updated Basel III and Capital Framework Proposals

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Yesterday, the House Committee on Financial Services held a hearing examining how the Trump Administration’s revised capital proposals, including Basel III, are appropriately right-sized to strike the proper balance between safety and soundness and economic growth.  On 2026 Proposals Compared to 2023 Basel III Proposal: Subcommittee on Financial Institutions Subcommittee Chairman…

Lucas: Derivatives Markets are Key to Managing Treasury Market Risk

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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 (OK-03), to examine the critical role derivatives play in managing risk in the Treasury market. Read Task Force Chairman Lucas' opening remarks as prepared for delivery: "Welcome to…