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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…

Chairman Hill: In November, the American People Entrusted Republicans… We Must Deliver.

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The House Financial Services Committee—led by Chairman French Hill (AR-02)—is today holding its Organizational Meeting for the 119th Congress. The Committee will adopt its rules and its Authorization and Oversight Plan for this Congress. The Committee will also consider resolutions to appoint Members to their respective Subcommittees and establish the Task Force on Monetary Policy,…

Chairman Hill Applauds Acting FDIC Chairman Travis Hill for Echoing Similar Priorities for the American Banking System

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House Financial Services Committee Chairman French Hill (AR-02) today released the following statement in response to Acting FDIC Chairman Travis Hill’s outline of several priorities that echo calls from Chairman French Hill’s Making Community Banking Great Again (MCBGA) principles. “I congratulate Travis Hill on his designation as Acting Chairman of the FDIC," said Chairman…

MARKUP NOTICE: House Financial Services Committee Organizational Meeting

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House Financial Services Committee Chairman French Hill (AR-02) today announced the Committee’s Organizational Meeting for the 119th Congress: Full Committee Markup of Resolutions Appointing Members to Subcommittees, a Resolution Establishing the Committee Rules, a Resolution Establishing the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity,…

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