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Chairman Hill Applauds as Treasury Secretary Scott Bessent is Named Acting Director of the CFPB

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House Financial Services Committee Chairman French Hill (AR-02) today released the following statement after Treasury Secretary Scott Bessent was named Acting Director of the Consumer Financial Protection Bureau (CFPB). “I applaud the selection of Treasury Secretary Scott Bessent as Acting Director of the CFPB. Former Director Chopra’s repeated regulatory overreach wreaked havoc on our…

Chairman Hill Congratulates Scott Bessent on Treasury Secretary Confirmation

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House Financial Services Committee Chairman French Hill (AR-02) today released the following statement after Scott Bessent was confirmed to be the next Secretary of the Treasury. “I congratulate Scott Bessent on his confirmation to be our next Treasury Secretary,” said Chairman Hill. “Bessent’s wealth of experience in the private sector has prepared him with deep knowledge of U.S.…

HEARINGS NOTICE: House Financial Services Committee Hearings Schedule for February 2025

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Today, House Financial Services Committee Chairman French Hill (AR-02) announced the following hearings for February 2025:   Full Committee Hearing Entitled: “Make Community Banking Great Again” Time: 10:00 AM ET Date: Wednesday, February 5, 2025 Place: 2128 Rayburn House Office Building   Oversight and Investigations Subcommittee Hearing Entitled: “Operation Choke…

Chairman Hill: In November, the American People Entrusted Republicans… We Must Deliver.

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The House Financial Services Committee—led by Chairman French Hill (AR-02)—is today holding its Organizational Meeting for the 119th Congress. The Committee will adopt its rules and its Authorization and Oversight Plan for this Congress. The Committee will also consider resolutions to appoint Members to their respective Subcommittees and establish the Task Force on Monetary Policy,…

Chairman Hill Announces Subcommittee Vice Chairs and Member Assignments of the House Financial Services Committee

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House Financial Services Committee Chairman French Hill (AR-02) today announced the House Financial Services Committee’s Subcommittee Vice Chairs and Subcommittee assignments for the 119th Congress. “I am proud to lead the exceptional membership of our House Financial Services Committee Republicans for the 119th Congress," said Chairman Hill. "With active and knowledgeable…

Chairman Hill Announces Vice Chair, Subcommittee Chairs, and Other Key Positions of the House Financial Services Committee

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House Financial Services Committee Chairman French Hill (AR-02) today announced the House Financial Services Committee’s Vice Chairman, Subcommittees Chairs, Vice Chair for Communications, and Committee Whip for the 119th Congress. “The House Financial Services Committee Republicans are ready to deliver for the American people on day one," said Chairman Hill. "This…

Republican Priorities Included in Financial Services Committee Views & Estimates Document

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WASHINGTON – Today, the House Financial Services Committee held a markup to consider and approve the views and estimates for matters within the committee’s jurisdiction for fiscal year 2020. Republican committee members offered 7 amendments to the Democrats’ proposed views, including multiple amendments which garnered bipartisan support to address youth homelessness, bolster…

Republicans Press Powell on Balance Sheet & Economic Outlook

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WASHINGTON – Today, Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee at the semiannual hearing entitled: Monetary Policy and the State of the Economy. Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), began by highlighting the economy’s “remarkable growth” over the last two and a half years, and…

Financial Services Republican Leader Examines Lack of Innovation, Competition in Credit Reporting System

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WASHINGTON – Today, CEO’s of the three major Credit Reporting Agencies, Equifax, TransUnion, and Experian North America, testified before the House Financial Services Committee at a hearing entitled: Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System. Republican Leader of the House Financial Services Committee, Patrick McHenry (NC-10), pressed the…

Republicans Push for Comprehensive Approach to Addressing Homelessness

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WASHINGTON – Today, the House Financial Services Committee held its first full committee hearing of the 116th Congress entitled Homeless in America: Examining the Crisis and Solutions to End Homelessness. Ranking Member Patrick McHenry (NC-10) delivered an opening statement highlighting the far-reaching issue of homelessness and the importance of evaluating our government programs to…