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Full Committee Examines Payments Innovation and the Future of Financial Services

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Today, the House Financial Services Committee examined the changing landscape of the nation’s payments system and its implications on bank and non-bank charters during a Full Committee hearing. On Maintaining U.S. Leadership in Financial Innovation: Subcommittee on Financial Institutions Chairman Andy Barr (KY-06) said, “For generations, the United States has benefited from having one…

Financial Services Committee's Bipartisan 21st Century ROAD to Housing Act Passes House, Heads to President's Desk

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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 U.S. House of Representatives by a bipartisan vote of 358-32, clearing Congress…

Chairman Hill’s Statement on the Passing of Alan Greenspan

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House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement regarding the death of former Federal Reserve Chairman Alan Greenspan: Chairman Hill said, “Martha and I were sad to read about the passing of our friend Alan Greenspan. I fondly recall all my interactions with the Chairman during my service in the Bush ‘41 Administration. He was funny, a…

Hill, Waters Applaud Senate Passage of 21st Century ROAD to Housing Act

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House Committee on Financial Services Chairman French Hill (AR-02) and Ranking Member Maxine Waters (CA-43) issued the following statements after the Senate passed the 21st Century ROAD to Housing Act: “Housing affordability starts with supply, and this bill makes meaningful progress toward building more homes and lowering costs for American families. For the past two congresses Senate…

Full Committee Highlights Policy Alignment with Prudential Regulators

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Yesterday, the House Committee on Financial Services, led by Chairman French Hill (AR-02), held a hearing to examine the prudential regulators' efforts to tailor regulatory frameworks to today's financial system while promoting economic growth, maintaining financial stability, and fostering innovation, and showcased how the Main Street Capital Access Act complements those…

Chairman Hill: The Trump Administration Is Returning the Prudential Regulators to Their Core Regulatory and Supervisory Mission

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Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a Full Committee hearing examining the supervisory and regulatory developments, rulemakings, and activities of the prudential regulators. Read Chairman Hill's remarks as prepared for delivery: "The Trump Administration is returning the prudential regulators to their core regulatory and…

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…