Chairman Hill and Republican Committee Members Urge the Federal Reserve, OCC, and FDIC to Withdraw Guidance Documents
Washington,
November 25, 2025
Chairman French Hill (AR-02) and Republican members of the House Committee on Financial Services sent a letter to Federal Reserve Vice Chair for Supervision Michelle Bowman, Office of the Comptroller of the Currency (OCC) Comptroller Jonathan Gould, and Federal Deposit Insurance Corporation Acting Chairman Travis Hill urging the withdrawal of four specific supervisory guidance documents: leveraged lending guidance, model risk management guidance, third-party risk management guidance, and the OCC’s venture funding bulletin. These documents impose unwarranted, burdensome requirements that limit access to credit, hinder innovation, and slow economic growth without meaningfully enhancing safety or stability. Removing them would restore appropriate regulatory process and enable more tailored, effective oversight. Read the full letter here. |