Financial Services Committee Holds First Full Committee Markup
Washington,
March 5, 2025
The House Financial Services Committee, led by Chairman French Hill (AR-02), today held the first full committee markup of the 119th Congress. The Committee favorably reported 11 bills to the full U.S. House of Representatives for consideration. “To show our commitment to defending the U.S. and its allies against China, this markup included several bipartisan measures championed by members of this Committee. These bills underscore the scope of the Committee’s jurisdiction and the unique ways our members contribute to our national security,” said Chairman Hill. “We also considered a CRA to nullify the CFPB’s harmful overdraft rule. By forcing banks to cut their fees, or to treat overdrafts as “loans”, banks will limit the service, especially to low-income and low-credit customers. That would drive customers in a pinch towards alternative products - much more costly non-bank products.” Legislation considered during the markup:
o H.R. 910 (as amended) passed by a recorded vote of 48 to 0. Watch Rep. Young Kim’s remarks here.
o H.R. 1713 (as amended) passed by a recorded of 48 to 0. Watch Rep. Lucas’ remarks here.
o H.R. 1716 (as amended) passed by a recorded vote of 48 to 0.
o H.R. 1602 (as amended) passed by a recorded vote of 48 to 0. Watch Rep. Davidson’s remarks here.
o H.R. 747 (as amended) passed by a recorded vote of 49 to 0. Watch Rep. Barr’s remarks here.
o H.J. Res. 59 passed by a recorded vote of 30 to 19. Watch Chairman Hill’s remarks here.
o H.R. 1549 (as amended) passed by a recorded vote of 49 to 0. Watch Rep. Williams’ remarks here.
o H.R. 1474 (as amended) passed by a recorded vote of 39 to 10. Watch Chairman Hill’s remarks here.
o H.R. 1577 (as amended) passed by a recorded vote of 49 to 0.
o H.R. 1450 (as amended) passed by a recorded vote of 49 to 0.
o H.R. 1764 (as amended) passed by a recorded vote of 49 to 0. |