Financial Services Committee Advances Five Bills During Full Committee Markup
Washington,
April 2, 2025 -
The House Committee on Financial Services, led by Chairman French Hill (AR-02), today held a full committee markup. The Committee successfully reported five bills to the full U.S. House of Representatives for consideration.
“Since we kicked off the 119th Congress, our members have been hard at work, crafting legislative solutions to difficult problems. ...Three of the bills are part of our ongoing efforts to promote financial innovation through sound digital asset policy, while the other two seek to enhance access to credit by removing compliance burdens and fostering competition through new bank formations. ...Members in this room – on both sides of the aisle – have spent years collaborating on stablecoin legislation. …We’ve all come to an important conclusion: Innovation needs guardrails, not roadblocks. The STABLE Act – championed by Subcommittee Chair Bryan Steil – is just that.” said Chairman Hill.
Legislation considered during the markup:
- H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025, sponsored by Rep. Bryan Steil (WI-01).
o H.R. 2392 passed 32-17.
Watch Rep. Steil's remarks here.
- H.R. 2384, the Financial Technology Protection Act, sponsored by Rep. Zach Nunn (IA-03).
o H.R. 2384 passed 49-0.
Watch Rep. Nunn’s remarks here.
- H.R. 976, the 1071 Repeal to Protect Small Business Lending Act, sponsored by Rep. Roger Williams (TX-25).
o H.R. 976 passed 27-22.
Watch Rep. Williams' remarks here.
- H.R. 1919, the Anti-CBDC Surveillance State Act, sponsored by Majority Whip Tom Emmer (MN-06).
o H.R. 1919 passed 27-22.
Watch Majority Whip Emmer's remarks here.
- H.R. 478, the Promoting New Bank Formation Act, sponsored by Rep. Andy Barr (KY-06).
o H.R. 478 passed 28-21.
Watch Rep. Barr's remarks here.
