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Chairman Hill, Wagner, Loudermilk Applaud SEC Acting Director on Protecting the Financial Privacy of Americans

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Today, House Financial Service Committee Chairman French Hill (AR-02), Capital Markets Subcommittee Chair Ann Wagner (MO-02) and Rep. Barry Loudermilk (GA-11) issued the following statement after Securities and Exchange Commission (SEC) Acting Director Mark Uyeda announced they will provide an exemption from the requirement to report Personally Identifiable Information (PII) in the…

Six House Financial Services Committee Bills Pass the House

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Today, the House of Representatives overwhelmingly passed six bipartisan bills from the House Financial Services Committee. Cumulatively, these bills support small businesses, make it easier for our nation’s veterans to gain housing, provide regulatory relief to credit unions, and hold China accountable. H.R. 224 – Disabled Veterans Housing Support Act, sponsored by Rep. Monica De…

Meuser: The Biden Administration's Operation Choke Point 2.0 Was Carried Out by The Prudential Regulators to Target and Debank the Digital Asset Ecosystem

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Today, the House Financial Services Committee is holding an Oversight and Investigations Subcommittee hearing, led by Subcommittee Chairman Dan Meuser (PA-09), to examine the negative effects of the Biden Administration's Operation Choke Point 2.0 and hear testimony by those affected and experts in the digital assets ecosystem to understand the depths of the problem and measures necessary…

Hill and Steil Release Discussion Draft for Stablecoins

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House Financial Services Committee Chairman French Hill (AR-02) and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil (WI-01) today released a discussion draft of a bill to establish a framework for the issuance and operation of dollar-denominated payment stablecoins in the United States. Chairman Hill said, “Building upon our work on…

Chairman Hill: We Can Work Together on Commonsense Reforms That Will Allow Community Banks to Thrive Again

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Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a hearing to examine the current landscape of community banking in the United States, including how community banks serve as the lifeblood for many local communities. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening remarks as prepared for delivery: "Welcome to…

In First Full Committee Hearing, Financial Services Examines Opportunities to Make Community Banking Great Again

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Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), held a hearing examining the current landscape of community banking in the United States, including how community banks serve as the lifeblood for many local communities. “Community banks know their communities best and research shows that when they close their doors, Americans suffer. Right now, our…

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.…

Hill, Steil Applaud President Trump’s Actions to Maintain America as a Leader in Digital Financial Technology Around the Globe

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House Financial Services Committee Chairman French Hill (AR-02) and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil (WI-01) released the following statement after President Trump signed multiple Executive Orders relating to digital assets.   “We applaud President Trump for taking important steps to ensure America remains a leader…

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…

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