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Chairman Hill: A Properly Regulated Stablecoin Market Can Strengthen the U.S. Dollar’s Dominance

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Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a hearing to explore a federal framework for payment stablecoins, including examining the updated STABLE Act bill text, as well as the consequences of a Central Bank Digital Currency (CBDC) in the United States. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening…

Chairman Hill Applauds House Passage of Resolution to Overturn Harmful 'Broker Rule'

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House Financial Service Committee Chairman French Hill (AR-02) applauded the passage of H.J. Res 25, which would overturn the Biden Administration’s harmful 'Broker Rule' that stifles innovation in the digital asset ecosystem. "The Biden Administration’s controversial ‘Broker Rule’ is a clear example of government overreach that threatens to push American digital asset development…

Financial Services Committee Examines Legislation to Create A Framework for Payment Stablecoins

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The House Financial Services Committee, led by Chairman French Hill (AR-02), held a hearing entitled, "Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency." The hearing examined the promise of blockchain technology, specifically in payments with stablecoins and discussed how the Committee’s STABLE Act will impact…

Chairman Hill Statement on Executive Order Establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile

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House Financial Services Committee Chairman French Hill (AR-02) today released the following statement on President Trump’s Executive Order establishing a Strategic Bitcoin Reserve and United States Digital Asset Stockpile. “President Trump is committed to ensuring the U.S. remains a global leader in digital assets. It is critical we ensure proper accountability, accurate tracking, and a…

Chairman Hill's Opening Statement for First Markup of 119th Congress

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Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding its first legislative markup of the 119th Congress. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening remarks as prepared for delivery: "Good morning and welcome to our first legislative markup of the 119th Congress. "I am eager to start our work. For these next…

Financial Services Highlights Support for Effort to Roll Back Biden-ERA CFPB Overdraft Rule

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The House Financial Services Committee, led by Chairman French Hill (AR-02), is considering H.J. Res 59, Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to ‘‘Overdraft Lending: Very Large Financial Institutions,” which comes following a final rule issued by the Consumer Financial Protection Bureau (CFPB) that effectively imposes government…

Financial Services Committee Holds First Full Committee Markup

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The House Financial Services Committee, led by Chairman French Hill (AR-02), today held the first full committee markup of the 119th Congress. The Committee favorably reported 11 bills to the full U.S. House of Representatives for consideration. “To show our commitment to defending the U.S. and its allies against China, this markup included several bipartisan measures championed by…

Hill, Scott, Colleagues Underscore Importance of Filling Federal Reserve Vacancy

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House Financial Services Committee Chairman French Hill (R-AR) and Senate Banking Committee Chairman Tim Scott (R-SC) led a letter to Treasury Secretary Scott Bessent highlighting the need to quickly fill the role of Vice Chair for Supervision of the Board of Governors of the Federal Reserve System. House Financial Services Committee Republican Reps. Bill Huizenga…

Hill, Cotton, Scott and Colleagues to Uyeda: Review Approach to Consolidated Audit Trail

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House Financial Services Committee Chairman French Hill (R-AR), Senate Banking Committee Chairman Tim Scott (R-SC), and Senator Tom Cotton (R-AR) sent a letter to the Securities and Exchange Commission (SEC) Acting Chairman Mark Uyeda to launch a comprehensive review of all aspects of the Consolidated Audit Trail (CAT). Senator Boozman (R-AR), Senator Bill Hagerty (R-TN), Senator…

Financial Services Committee Examines Policy Tools to Outcompete China

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The House Financial Services Committee, led by Chairman French Hill (AR-02), held a hearing entitled, "Examining Policies to Counter China." The hearing highlighted the challenges posed by China across a range of policy issues, including China's dominance as an official creditor and its influence in the international financial institutions, energy security, the development of…