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Financial Services Applauds House Passage of CRA to Reverse Biden-era Bank Merger Rule

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Today, the House of Representatives passed S.J. Res 13, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency (OCC) relating to the review of applications under the Bank Merger Act. The resolution, when signed into law by President Trump, will reverse a…

Barr: We Need To Remove Barriers If We Want To Revitalize Community Banking

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Today, the House Financial Services Committee is holding a Financial Institutions Subcommittee hearing, led by Subcommittee Chair Andy Barr (KY-06), to explore opportunities to improve transparency and efficiency in the bank merger review process and promote a more competitive and accessible banking landscape. Read Subcommittee Chair Barr’s opening remarks as prepared for delivery: "I…

Financial Institutions Subcommittee Examines the Future of Bank Mergers and De Novo Formation

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Today, House Committee on Financial Services Subcommittee on Financial Institutions, led by Chairman Andy Barr (KY-06), held a hearing to examine how regulatory complexity, unclear supervisory standards, and inconsistent approval timelines may be limiting new bank formation and contributing to consolidation in the financial sector. Watch today’s hearing online HERE.  On encouraging…

Barr: Community Banks Are The Lifeblood Of Local Economies

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Today, the House Financial Services Committee is holding a Financial Institutions Subcommittee hearing, led by Subcommittee Chair Andy Barr (KY-06), to explore reforms to increase accountability in bank supervision and enhance interagency coordination. Read Subcommittee Chair Barr’s opening remarks as prepared for delivery: "I want to thank our witnesses for being here today for the…

Financial Institutions Subcommittee Reviews Regulatory Overreach

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Today, the Subcommittee on Financial Institutions, led by Chairman Andy Barr (KY-06), held a hearing entitled, "Regulatory Overreach: The Price Tag on American Prosperity." This hearing focused on promoting regulatory fairness, transparency, and appropriately scaled oversight within the financial system. Members explored reforms to increase accountability in bank supervision and…

Financial Services Outlines Actions to be Rescinded, Modified, or Reproposed from the Biden-Harris Administration

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Chairman French Hill (AR-02) and House Committee on Financial Services members sent letters to agencies requesting the rescission, modification, or re-proposal of specific Biden-Harris Administration actions. You can see the areas of inquiry and specific letters below: Financial Institutions Chairman Hill and Subcommittee Chairman Barr, along with the Members on the Subcommittee on…

Barr: The Best Consumer Protection Is Consumer Choice

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Today, the House Financial Services Committee is holding a Financial Institutions Subcommittee hearing, led by Subcommittee Chair Andy Barr (KY-06), to examine the current regulatory and legal landscape for federal consumer financial protection, as well as the structure and funding of the Consumer Financial Protection Bureau (CFPB). Read Subcommittee Chair Barr’s opening remarks as…

Financial Institutions Subcommittee Examines Structure of the CFPB

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The Subcommittee on Financial Institutions, led by Chairman Andy Barr (KY-06), held a hearing entitled, "A New Era for the CFPB: Balancing Power and Reprioritizing Consumer Protections." The hearing examined the current regulatory and legal landscape for federal consumer financial protection, as well as the structure and funding of the Consumer Financial Protection Bureau (CFPB). Watch…

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…

Hill, Meuser, Barr, and Steil Provide FDIC With Recommendations to Help Clarify Digital Asset Regulations, Prevent Debanking

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The Chairman of the House Financial Services Committee, French Hill (AR-02), Chairman of the Subcommittee on Oversight and Investigations, Dan Meuser (PA-09), Chairman of the Subcommittee on Financial Institutions, Andy Barr (KY-06), and the Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, Bryan Steil (WI-01), sent a letter to Federal…