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Financial Services Committee’s Main Street Capital Access Act Passes House

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Today, the U.S. House of Representatives passed H.R. 6955, the Main Street Capital Access (“Main Street”) Act, by a vote of 270-155-1. Sponsored by House Committee on Financial Services Chairman French Hill (AR-02) and Subcommittee on Financial Institutions Chairman Andy Barr (KY-06), this bill revitalizes local bank formation and ensures that community lenders can focus on serving…

Full Committee Examines CFPB Accountability, Reform, and Consumer Protection

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Yesterday, the House Financial Services Committee, led by Chairman French Hill (AR-02), hosted Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought for a hearing on the agency’s Semi-Annual Report, the reforms underway at the Bureau, and legislative efforts to ensure the CFPB remains transparent, accountable, and focused on protecting consumers. On Restoring…

House Passes Three Financial Services Bills

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Yesterday, the House of Representatives passed three bills from the House Committee on Financial Services. H.R. 3074 - the Common Cents Act, sponsored by House Republican Conference Chairwoman Lisa McClain (MI-09), passed the House by voice vote. H.R. 3074 ends the production of the penny and allows for production of a more cost-effective nickel, reducing unnecessary costs to taxpayers…

Chairman Hill: The CFPB has Stopped Regulating by Informal Guidance and Returned to a Disciplined Approach Grounded in Clear Rules

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Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a Full Committee hearing featuring testimony from Consumer Financial Protection Bureau Acting Director Russ Vought on the CFPB’s Semi-Annual Report, the changes underway at the agency, and reforms needed to ensure it remains accountable, transparent, and focused on its consumer protection…

Full Committee Hosts Federal Reserve Chairman Warsh for Hearing on Federal Reserve’s Monetary Policy Report

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Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), welcomed Federal Reserve Board Chairman Kevin Warsh for a hearing on his views on the future path of the economy, the Federal Reserve’s monetary policy functions, and efforts to achieve price stability and ensure the Federal Reserve remains focused on its core mission. On Restoring Price Stability and…

Financial Services Advances 10 Bills and a Resolution

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The House Committee on Financial Services, led by Chairman French Hill (AR-02), successfully reported 10 bills to the full House of Representatives. The Committee also approved a resolution reauthorizing the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity. The bills reflect the Committee's long-standing efforts to promote economic growth, protect the…

House Passes Committee Bill to Reauthorize the Terrorism Risk Insurance Program

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Today, the U.S. House of Representatives passed H.R. 7128, the TRIA Program Reauthorization Act of 2026, by a vote of 373-15. Sponsored by Subcommittee on Housing and Insurance Chairman Mike Flood (NE-01), this bipartisan bill reauthorizes the Terrorism Risk Insurance Program, ensuring continued stability in the marketplace, protecting American businesses, and providing…

Chairman Hill: The Bills Before Us Today Reflect a Common-Sense Approach to Financial Services Policy

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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 promote economic growth, protect the integrity of our markets, strengthen confidence in our financial system, and reinforce a strong regulatory framework. Read Chairman Hill's remarks as prepared for…

Subcommittee on Financial Institutions Chairman Barr: The American Payments System is a Critical Component of Our Financial Infrastructure

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Today, the House Financial Services Committee is holding a Full Committee hearing to examine payments innovation, the evolving role of banks and fintechs, and the opportunities and risks associated with special-purpose charters. Read Subcommittee on Financial Institutions Chairman Andy Barr's (KY-06) remarks as prepared for delivery: "Good morning. "The Amerian payments system is a…