Yesterday, President Trump signed two resolutions of disapproval under the Congressional Review Act into law which will overturn two Biden-era rules. S.J. Res. 18 nullifies the CFPB’s disastrous rule which attempted to set government price caps on overdraft fees, and S.J. Res. 28 nullifies the CFPB’s deeply flawed rule which expanded its authority over the digital payment ecosystem. House… Read more »
House Financial Services Committee Chairman French Hill (AR-02) delivered remarks at today's hearing with Treasury Secretary Scott Bessent.
Watch Chairman Hill’s opening remarks here.
Read Chairman Hill’s opening remarks as prepared for delivery:
"I want to welcome Secretary Bessent to his first appearance before our Committee. The President is fortunate to have a Cabinet official… Read more »
Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), hosted Treasury Secretary Scott Bessent for a hearing entitled, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.”
Watch today’s hearing online HERE.
On how we can improve the World Bank and IMF:
"The… Read more »
House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after Ranking Member Waters objected to today’s joint subcommittee hearing with the House Committee on Agriculture on the future of digital assets:
“Last Congress, 279 Members showed that they do not support the status quo. In the absence of safeguards and regulatory certainty, consumers,… Read more »
House Committee on Financial Services Chairman French Hill (AR-02), House Committee on Agriculture Chairman G.T. Thompson (PA-15), House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Chair Bryan Steil (WI-01), and House Committee on Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development Chair… Read more »
Today, House Financial Services Committee Chairman French Hill (AR-02) delivered the following statement, as prepared for delivery, at today's reconciliation markup.
Watch Chairman Hill’s opening remarks here.
"Good morning, thank you all for joining us today.
"Today, we are undertaking the work assigned to us under the budget resolution that Congress adopted earlier this… Read more »
House Financial Services Committee Chairman French Hill (AR-02) joined the Crypto in America podcast to provide an update on market structure legislation, the Committee’s payment stablecoin bill, and more.
View the full podcast here.
Key Excerpts:
On what crypto means for the American financial system:
“[Crypto in America] means the future of payments, it means the future of… Read more »
Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02,) advanced its budget reconciliation provisions. Under the Concurrent Budget Resolution, the Committee was instructed to reduce the federal deficit by no less than $1 billion.
“Today, the Committee delivered on President Trump's request to rein in the federal government's spending. The Committee… Read more »
Today, House Financial Services Committee Chairman French Hill (AR-02) announced the following Committee activity for May 2025:
Joint House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence & House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development Hearing Entitled: American Innovation and the Future… Read more »
Today, the House of Representatives passed two CRAs overturning Consumer Financial Protection Bureau (CFPB) rules finalized in the waning days of the Biden-Harris Administration. S.J. Res. 18 nullifies the CFPB’s disastrous rule setting government price caps on overdraft fees and S.J. Res. 28 would nullify the CFPB’s deeply flawed rule expanding the CFPB's authority into the digital… Read more »
