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ICYMI: Financial Services Digital Assets Subcommittee Holds First Hearing, Requests Feedback from Stakeholders on Stablecoins Bill

| Posted in Press Releases

Earlier this week, the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee, chaired by Rep. Bryan Steil (WI-01), held a hearing examining several bills and discussion drafts to cement U.S. leadership in the digital asset space.  The Committee is soliciting feedback from the public on its stablecoins discussion draft. Interested members of the public may…

CoinDesk: Why Congress Needs to Act on Digital Assets – Reps. French Hill and Bryan Steil

| Posted in Member Corner

Last November, the American people clearly spoke. They support President Trump and the agenda he campaigned on: A “Golden Age” in America. A key component of President Trump’s agenda is leveraging the U.S.’s leadership in advanced technology and economic strength for the benefit of all Americans. Nowhere is this renewed focus on using our strengths for the future more necessary than in…

Chairman Hill: The Fact Is: Over the Past Decade, We Have Witnessed Too Many Distracting ‘Mandates’ Diluting the Federal Reserve’s Core Mission of Price Stability

| Posted in Press Releases

Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding the Federal Reserve’s Semi-Annual Monetary Policy Report hearing. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening remarks as prepared for delivery: "Welcome Chairman Powell and thank you for being here today. "For the last four years, inflation has crushed…

Chairman Hill Expresses Deep Dismay for Midnight Rulemakings by Biden-Harris Administration on House Floor

| Posted in Press Releases

Today, House Financial Services Committee Chairman French Hill (AR-02) delivered remarks on the House floor to express his deep dismay for all rulemakings by the Consumer Financial Protection Bureau (CFPB) at the end of the Biden-Harris Administration. Watch Chairman Hill’s opening remarks here. Read Chairman Hill’s opening remarks as prepared for delivery: “I come to the House…

Steil: Together, We Can Ensure That Stablecoin Issuers, Digital Asset Firms, and Blockchain Developers Can Operate Under Fair, Transparent, and Predictable Rules in the United States

| Posted in Press Releases

Today, the House Financial Services Committee is holding a Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee hearing, led by Subcommittee Chairman Bryan Steil (WI-01), to examine existing use cases for digital assets and blockchain technology and explore why this technology holds vast potential to revolutionize the American economy. Read Subcommittee Chairman…

Chairman Hill, Ranking Member Waters Host Bipartisan Roundtable on California Wildfires

| Posted in Press Releases

Today, House Financial Services Committee Chairman French Hill (AR-02) and Ranking Member Maxine Waters (CA-43) issued the following statement after hosting a bipartisan California Wildfires Roundtable: “The Committee held a productive, bipartisan roundtable discussion on the devastating California wildfires where Members heard about the impacts of the disaster and came together to…

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

| Posted in Press Releases

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

| Posted in Press Releases

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

| Posted in Press Releases

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

| Posted in Press Releases

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…

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