Yesterday, the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, led by Subcommittee Chair Bryan Steil (WI-01), held a hearing to evaluate how financial regulators and firms are using AI.
On the Potential for Regulators to Use AI:
“AI is, of course, rapidly changing the way Americans live, work, and engage with our financial system. Last congress, we… Read more »
House Committee on Financial Services Chairman French Hill (AR-02) released the following statement after the U.S. House of Representatives passed a short-term continuing resolution, which included the extension of the Defense Production Act (DPA) and the National Flood Insurance Program (NFIP).
“Protecting the homes of American families and strengthening our national security are two of… Read more »
Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence led by Digital Assets Subcommittee Chairman Bryan Steil (WI-01) is holding a hearing to examine how financial services regulators and firms are using AI in different areas and analyze both the benefits and risks of AI adoption.
Read Subcommittee Chairman Steil’s opening… Read more »
Today, the House Financial Services Committee is holding an Oversight and Investigations Subcommittee hearing, led by Subcommittee Chairman Dan Meuser (PA-09), to examine various types of financial fraud affecting American families.
Read Subcommittee Chairman Meuser’s opening remarks as prepared for delivery:
"I would like to thank the witnesses for being here today to discuss financial… Read more »
House Committee on Financial Services Chairman French Hill (AR-02), Chairman of the Subcommittee on Oversight and Investigations Dan Meuser (PA-09), and Chairman of the Subcommittee on Financial Institutions Andy Barr (KY-06), sent a letter to Federal Reserve Chairman Jerome Powell requesting information on the Fed’s efforts to mitigate the increase in financial fraud and determine if… Read more »
Today, the Subcommittee on Oversight and Investigations, led by Subcommittee Chair Dan Meuser (PA-09), held a hearing examining the growing problem of financial fraud affecting American families, including the rise in check fraud and senior scams. The subcommittee also explored how federal agencies can better use their authority to combat this issue and improve consumer… Read more »
House Committee on Financial Services Chairman French Hill (AR-02), Rep. Byron Donalds (FL-19), and Rep. Marlin Stutzman (IN-03) reintroduced the Price Stability Act aiming to end the Federal Reserve’s dual mandate and ensure the central bank focuses exclusively on containing inflation.
"For too long, the Federal Reserve has been stretched between competing objectives. It's… Read more »
Today, the House Financial Services Committee is holding a Housing and Insurance Subcommittee hearing, led by Subcommittee Chair Mike Flood (NE-01), to examine the Terrorism Risk Insurance Act's (TRIA) structure and operations ahead of its current expiration date of December 31, 2027.
Read Subcommittee Chair Flood’s opening remarks as prepared for delivery:
"I’d like to thank our… Read more »
Today, the House Financial Services Committee is holding a Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force hearing, led by Task Force Chair Frank D. Lucas (OK-03), to explore how adding additional goals outside the Federal Reserve's current mandate hinders its ability to focus on price stability and the costs associated with failing to achieve its… Read more »
Today, the Subcommittee on Housing and Insurance, led by Subcommittee Chair Mike Flood (NE-01), held a hearing examining the functions of the Terrorism Risk Insurance Act of 2002 (TRIA) and how it interacts with both domestic and international terrorism insurance markets.
On the Need to Reauthorize TRIA:
“… TRIA’s value is not just in direct responses to terrorism events. The program… Read more »
