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Hill and Davidson Urge FinCEN to Modernize AML Rules and Prioritize High-Risk Financial Crimes

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House Committee on Financial Services Chairman French Hill (AR-02) and Subcommittee on National Security, Illicit Finance, and International Financial Institutions Chairman Warren Davidson (OH-08) recently sent a letter to Andrea Gacki, Director of the Financial Crimes Enforcement Network (FinCEN). In the letter, Hill and Davidson urge FinCEN to finalize its Anti-Money Laundering and…

Davidson: If We Want to Stop Money Laundering by the Criminals, Scammers, and Terrorists of This Century, It's Time We Change Course

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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), on how Congress can modernize our nation's anti-money laundering framework. Read Subcommittee Chairman Davidson's opening remarks as prepared for delivery: "I want to welcome…

National Security, Illicit Finance, and International Financial Institutions Reviews the Effectiveness of U.S. Sanctions

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Today, the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Warren Davidson (OH-08), examined whether U.S. sanctions are being used strategically to advance clear foreign policy and national security objectives. On Sanctions Strengthening U.S. National Security: Subcommittee Chairman…

Davidson: Effective, Targeted Sanctions Are Vital to U.S. National Security

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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 evaluate the effectiveness of U.S. sanctions programs. Read Subcommittee Chairman Davidson's opening remarks as prepared for delivery: "I welcome our distinguished…

Davidson: A More Ambitious Role For The Bank Must Also Come With Tougher Accountability

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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…

National Security, Illicit Finance, and International Financial Institutions Subcommittee Examines the Export-Import Bank

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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…

Financial Services Advances 5 Bills

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Yesterday, the House Committee on Financial Services, led by Chairman French Hill (AR-02), successfully reported 5 bills to the House of Representatives. "The bills before us reflect President Trump and Republicans’ shared commitment to promoting pro-growth, America-first policies,” said Chairman Hill. “We are working to strengthen Main Street, expand access to capital, support American…

HEARINGS NOTICE: House Financial Services Committee Schedule for March 2026

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Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), announced the following Committee activity for March 2026: Markup of Various Measures Time: 10:00 AM ET Date: Wednesday, March 4, 2026 Place: 2128 Rayburn House Office Building  Financial Institutions Subcommittee Hearing Entitled: “Fighting Fraud on the Front Lines: Challenges and…

Davidson: CFIUS Must Rigorously Scrutinize Foreign Investments From Any Source That Could Undermine Our Technology, Agriculture, Energy Sectors, And More

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Today, the the House Financial Services Committee is holding a National Security, Illicit Finance, and International Financial Institutions Subcommittee hearing, led by Subcommittee Chair Warren Davidson (OH-08), to have the Department of Treasury's annual appearance before the Financial Services Committee for testimony on CFIUS. Read Subcommittee Chair Davidson’s opening remarks as…

National Security, Illicit finance, and International Financial Institutions Subcommittee Reviews CFIUS Operations

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Today, members examined how the Committee on Foreign Investment in the United States (CFIUS) is using its authority under the Foreign Investment Risk Review Modernization Act (FIRRMA), to review certain foreign investments to make sure they don’t threaten U.S. national security, especially in sensitive tech, infrastructure, and data.   On CFIUS’s Role In National…