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Chairman Hill and Vice Chairman Huizenga Warn Obama-Era Conflict Mineral Rules Undermine U.S. National Security

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House Committee on Financial Services Chairman French Hill (AR-02) and Vice Chairman Bill Huizenga (MI-04) sent a letter to President Donald Trump urging the Administration to revise, waive, or terminate the Securities and Exchange Commission’s (SEC) conflict minerals disclosure requirements initiated by the Dodd-Frank Act. In the letter, Hill and Huizenga argue the ineffective…

WTAS: Financial Services Highlights Support for Commmittee’s Bipartisan Amendment to the 21st Century ROAD to Housing Act

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Support for the Committee’s bipartisan amendment to the 21st Century ROAD to Housing Act has been rolling in since last week’s 396-13 passage through the House. To date, over 250 groups have expressed support for the amendment. For a one-pager on the bill click here. For a section-by-section on the bill click here. For the Administration’s Statement of Administrative Policy,…

Financial Services Committee’s Bipartisan 21st Century ROAD to Housing Act Passes House

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Today, the 21st Century ROAD to Housing Act, led by House Committee on Financial Services Chairman French Hill (R-AR), Ranking Member Maxine Waters (D-CA), Subcommittee on Housing and Insurance Chair Mike Flood (R-NE), and Subcommittee on Housing and Insurance Ranking Member Emanuel Cleaver (D-MO), passed the full U.S. House of Representatives by an overwhelming bipartisan vote of…

House Passes Four Bipartisan Financial Services Bills

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Today, the House of Representatives passed four bills from the House Committee on Financial Services. H.R. 1993- the 25th Anniversary of 9/11 Commemorative Coin Act, sponsored by Rep. Daniel Goldman (NY-10), Rep. Mike Lawler (NY-17), and Rep. Andrew Garbarino (NY-02) and, passed the House 415-0. H.R. 1993 requires the Secretary of the Treasury to mint commemorative coins honoring the…

Chairman Hill, Ranking Member Waters Unveil Updated 21st Century ROAD to Housing Act

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Today, House Committee on Financial Services Chairman French Hill (R-AR), and Ranking Member Maxine Waters (D-CA) unveiled the text of a resolution to bring up H.R. 6644, the 21st Century ROAD to Housing Act, which would amend the Senate-passed version of the bill.   The House amendment addresses several concerns from House members and market participants with a more balanced…

House Passes Four Financial Services Bills

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Yesterday, the House of Representatives passed four bills from the House Committee on Financial Services. H.R. 2071- Save Our Shrimpers Act, sponsored by Rep. Troy Nehls (TX-22), passed the House by a recorded vote of 391-18-1. H.R. 2071 requires the United States to oppose financing for foreign shrimp farming through the international financial institutions, supporting American…

Chairman Hill: We Cannot Fight a 21st-Century Threat with 20th-Century Tools

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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 strengthen our financial system, promote innovation, and protect the American people. Read Chairman Hill's remarks as prepared for delivery: "Good morning. "Before us today is an opportunity to advance…

Chairman Hill Welcomes DOJ Decision, Calls for Swift Action on Fed Chairman Nominee Kevin Warsh

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House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement regarding the Department of Justice's announcement it was closing its investigation of Federal Reserve Chairman Jerome Powell:  “I welcome the Department of Justice’s decision to close its investigation. As I’ve said since January 12, I felt like the accusation that Chairman Powell had…

Financial Services Advances 4 Bills

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Yesterday, the House Committee on Financial Services, led by Chairman French Hill (AR-02), successfully reported 4 bills to the House of Representatives. “The bills before us encompass a wide range of policy areas, each reflecting the Committee’s focus on promoting economic growth, strengthening market integrity, and ensuring our regulatory framework keeps pace with a rapidly evolving…