Press Releases

House Financial Services Committee Chairman French Hill (AR-02) delivered the following statement at today's markup of various bills, which expand small business access to capital, strengthen our economy, and more.

Watch Chairman Hill’s opening remarks here.

Read Chairman Hill's remarks as prepared for delivery.

"Good morning. Today we are marking up a broad range of bipartisan priorities that reflect our shared commitment to strengthening the American economy and empowering hardworking families.

"Our agenda includes efforts to expand small businesses' access to capital, tailor supervision and regulation for well-managed banks, modernize venture capital investment regulations, and more.

"We will also vote to reauthorize our Monetary Policy Task Force, led by Chairman Lucas, and I want to recognize his leadership on this Task Force these first 6 months.

"I also want to take a moment to thank my colleagues for their hard work and support in passing our digital asset bills last week.

"Our digital asset agenda has been bipartisan and years in the making. I am proud of the thoughtful, collaborative effort that every member of this Committee put into shaping the legislation.

"Before we look ahead, post August recess, it is important that we assess how much we have accomplished:

"The House has already passed approximately 30 Committee bills to date. This is more than any other Congress passed at this point in the Session since at least the 113th Congress and is almost twice as many as in the 117th and 118th Congresses combined.

"Tomorrow, when we gavel out of this markup, the Committee will have marked up or ordered to be reported 60+ Member bills. That is more than any other edition of the Committee on Financial Services at this point in a Congress in recent memory.

"Looking ahead to the next 16 months of this Congress, we have a tremendous opportunity to advance smart, targeted policy changes that can help put the American dream back within reach for millions of Americans.

"One such example is Rep. Barr’s Small Business Investor Capital Access Act, which ensures that the SEC’s exemption threshold for private fund advisers keeps pace with inflation.

"We’re also advancing Rep. Timmons’ Improving Capital Allocation for Newcomers (ICAN) Act, which opens the door for more fund managers to raise capital and invest in startups across the country, not just on the coasts, helping more entrepreneurs access the funding they need to launch and scale their businesses.

"Mrs. Wagner’s Developing and Empowering our Aspiring Leaders (DEAL) Act would allow capital to reach new regions, overlooked sectors, and entrepreneurs who have historically been left out of the innovation economy.

"Rep. Huizenga’s FDIC Board Accountability Act requires Board members to have expertise in state bank and small institution supervision and limits terms to 12 years.

"It removes the CFPB Director’s voting rights to prevent partisan overreach and enhance FDIC’s independence.

"We’ve heard from federal regulators themselves that some post-crisis regulations have become overly burdensome.

"While agencies are already making important adjustments, the bills before us today will help solidify these reforms into law, ensuring they are not subject to the political swing between administrations.

"Clear, actionable rules are essential for promoting economic growth and improving access to financial services.

"I also want to commend Governor Bowman, Comptroller Gould, and Acting Chairman Hill for their efforts to tailor regulations appropriately, and I look forward to continuing to work with them as this Committee advances its important work. 

"All the bills we are considering today share a common goal: to strengthen economic opportunity and bring the American dream within reach for every American.

"I look forward to the thoughtful and robust conversations we will have today."