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Chairman Hill Expresses Deep Dismay for Midnight Rulemakings by Biden-Harris Administration on House Floor

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Today, House Financial Services Committee Chairman French Hill (AR-02) delivered remarks on the House floor to express his deep dismay for all rulemakings by the Consumer Financial Protection Bureau (CFPB) at the end of the Biden-Harris Administration. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening remarks as prepared for delivery: “I come to the House…

Steil: Together, We Can Ensure That Stablecoin Issuers, Digital Asset Firms, and Blockchain Developers Can Operate Under Fair, Transparent, and Predictable Rules in the United States

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Today, the House Financial Services Committee is holding a Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee hearing, led by Subcommittee Chairman Bryan Steil (WI-01), to examine existing use cases for digital assets and blockchain technology and explore why this technology holds vast potential to revolutionize the American economy. Read Subcommittee Chairman…

Chairman Hill, Ranking Member Waters Host Bipartisan Roundtable on California Wildfires

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Today, House Financial Services Committee Chairman French Hill (AR-02) and Ranking Member Maxine Waters (CA-43) issued the following statement after hosting a bipartisan California Wildfires Roundtable: “The Committee held a productive, bipartisan roundtable discussion on the devastating California wildfires where Members heard about the impacts of the disaster and came together to…

Chairman Hill, Wagner, Loudermilk Applaud SEC Acting Director on Protecting the Financial Privacy of Americans

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Today, House Financial Service Committee Chairman French Hill (AR-02), Capital Markets Subcommittee Chair Ann Wagner (MO-02) and Rep. Barry Loudermilk (GA-11) issued the following statement after Securities and Exchange Commission (SEC) Acting Director Mark Uyeda announced they will provide an exemption from the requirement to report Personally Identifiable Information (PII) in the…

Six House Financial Services Committee Bills Pass the House

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Today, the House of Representatives overwhelmingly passed six bipartisan bills from the House Financial Services Committee. Cumulatively, these bills support small businesses, make it easier for our nation’s veterans to gain housing, provide regulatory relief to credit unions, and hold China accountable. H.R. 224 – Disabled Veterans Housing Support Act, sponsored by Rep. Monica De…

Meuser: The Biden Administration's Operation Choke Point 2.0 Was Carried Out by The Prudential Regulators to Target and Debank the Digital Asset Ecosystem

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Today, the House Financial Services Committee is holding an Oversight and Investigations Subcommittee hearing, led by Subcommittee Chairman Dan Meuser (PA-09), to examine the negative effects of the Biden Administration's Operation Choke Point 2.0 and hear testimony by those affected and experts in the digital assets ecosystem to understand the depths of the problem and measures necessary…

Hill and Steil Release Discussion Draft for Stablecoins

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House Financial Services Committee Chairman French Hill (AR-02) and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil (WI-01) today released a discussion draft of a bill to establish a framework for the issuance and operation of dollar-denominated payment stablecoins in the United States. Chairman Hill said, “Building upon our work on…

Chairman Hill: We Can Work Together on Commonsense Reforms That Will Allow Community Banks to Thrive Again

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Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a hearing to examine the current landscape of community banking in the United States, including how community banks serve as the lifeblood for many local communities. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening remarks as prepared for delivery: "Welcome to…

In First Full Committee Hearing, Financial Services Examines Opportunities to Make Community Banking Great Again

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Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), held a hearing examining the current landscape of community banking in the United States, including how community banks serve as the lifeblood for many local communities. “Community banks know their communities best and research shows that when they close their doors, Americans suffer. Right now, our…

Chairman Hill Applauds as Treasury Secretary Scott Bessent is Named Acting Director of the CFPB

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House Financial Services Committee Chairman French Hill (AR-02) today released the following statement after Treasury Secretary Scott Bessent was named Acting Director of the Consumer Financial Protection Bureau (CFPB). “I applaud the selection of Treasury Secretary Scott Bessent as Acting Director of the CFPB. Former Director Chopra’s repeated regulatory overreach wreaked havoc on our…

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