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Financial Services Committee Reviews Barriers to Affordable Housing

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Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), held a hearing to explore ways to boost housing development and improve support for housing providers, focusing on regulations that raise construction costs, limit competition, and slow industry growth. On Affordability Restrictions Facing Americans: Chairman Hill (AR-02) said, “Our goal today is…

Chairman Hill: It Is Crucial Prudential Regulators Remain Focused On Their Core Mission To Safeguard The Fundamental Stability And Safety And Soundness Of Our Financial Institutions

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Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a hearing titled "Oversight of Prudential Regulators." This hearing will examine supervisory and regulatory developments, rulemakings, and activities of the prudential regulators. Read Chairman Hill's remarks as prepared for delivery. "Good morning. I want to welcome our witnesses and thank…

Chairman Hill, Capital Markets Subcommittee Chairman Wagner, and Reps. Meeks and Gottheimer Unveil Bipartisan Capital Formation Package

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Today, House Committee on Financial Services Chairman French Hill (R-AR), Capital Markets Subcommittee Chairman Ann Wagner (R-MO), Rep. Gregory Meeks (D-NY), and Rep. Josh Gottheimer (D-NJ) unveiled the INVEST Act. Next week, the House of Representatives will consider the INVEST Act. This bill includes more than 20 bipartisan bills that advanced out of the Committee. The INVEST Act will…

Financial Services Committee Conducts Oversight of Prudential Regulators

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Today, the House Committee on Financial Services, led by Chairman French Hill (AR-02), held a hearing reviewing how the Federal Reserve Board (FRB), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and National Credit Union Administration (NCUA) are aligning their supervisory and regulatory actions with the Committee’s goal of streamlining…

Chairman Hill, Oversight Chair Meuser Issue Final Staff Report on Biden’s Debanking of Digital Assets

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House Committee on Financial Services Chairman French Hill (AR-02) and Oversight Subcommittee Chairman Dan Meuser (PA-09) today released a final staff report titled “Operation Choke Point 2.0: Biden’s Debanking of Digital Assets.” Beginning in the 118th Congress, Committee Republicans have been investigating coordinated efforts by the Biden Administration to debank digital asset…

House Passes Six Bipartisan Financial Services Bills

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Today, the House of Representatives passed six bipartisan bills from the House Committee on Financial Services. Collectively, these bills further advance the Committee’s agenda to increase transparency at HUD, promote access to capital, and restore peace and democracy in Burma.  H.R. 225 – HUD Transparency Act, sponsored by Rep. Monica De La Cruz (TX-15), unanimously passed…

Chairman Hill, Financial Services Committee Members Call for Tailored Bank Regulations and Updated Thresholds

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Chairman French Hill (AR-02) and Republican members of the House Committee on Financial Services sent a letter to Federal Reserve Vice Chair for Supervision Michelle Bowman, Comptroller of the Currency Jonathan Gould, and Federal Deposit Insurance Corporation Acting Chairman Travis Hill encouraging the federal banking regulators to reconsider the application of Enhanced Prudential…

Chairman Hill and Republican Committee Members Urge the Federal Reserve, OCC, and FDIC to Withdraw Guidance Documents

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Chairman French Hill (AR-02) and Republican members of the House Committee on Financial Services sent a letter to Federal Reserve Vice Chair for Supervision Michelle Bowman, Office of the Comptroller of the Currency (OCC) Comptroller Jonathan Gould, and Federal Deposit Insurance Corporation Acting Chairman Travis Hill urging the withdrawal of four specific supervisory guidance documents:…

Chairman Hill, Vice-Chairman Huizenga Encourage CFPB to Maintain Consumer Choice and Strong Consumer Financial Data Privacy and Security Standards Under 1033 Rulemaking

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House Committee on Financial Services Chairman French Hill (AR-02) and Committee Vice-Chairman Bill Huizenga (MI-04) sent a comment letter to the Consumer Protection Financial Bureau (CFPB) as part of the agency’s advanced notice of proposed rulemaking (ANPR) on consumer personal financial data rights under Section 1033 of the Dodd-Frank Act. Hill and Huizenga commend the CFPB for their…

Financial Services Committee Applauds Passage of Resolution Condemning Socialism

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Today, the U.S. House of Representatives passed H.Con.Res. 58, Denouncing the Horrors of Socialism, sponsored by Committee member Rep. María Salazar (FL-27). This resolution affirms that the United States rejects socialism and opposes the implementation of socialist policies that threaten the freedoms and prosperity that define our nation. “This resolution articulates our unwavering…