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The House Committee on Financial Services, led by Chairman French Hill (AR-02), successfully reported 20 bills to the full House of Representatives and approved a resolution reauthorizing the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, chaired by Rep. Frank Lucas (OK-03).
“The Financial Services Committee has now reported nearly 100 bills to the full House for consideration,” said Chairman Hill. “Over the past two days, we advanced smart, pro-growth banking legislation that strengthens our banking system, expands access to credit, and reduces unnecessary regulatory burdens that drive up costs for families and small businesses. We also moved a bipartisan housing package focused on encouraging new home construction and streamlining development, creating more opportunities for families to find safe, reasonably priced places to live.”
Resolution to Reauthorize the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, offered by Chairman Hill, unanimously passed by voice vote. The resolution reauthorizes the Task Force through July 22, 2026.
- Watch Rep. Lucas’ remarks here.
H.R. 6536, the Rural Depositories Revitalization Study Act, sponsored by Rep. Ralph Norman (SC-05), passed 50-0. The bill requires the Federal banking agencies to conduct a joint study and issue a report to identify how they can improve the growth, capital, adequacy, and profitability of depository institutions that primarily serve rural areas and to identify statutes and regulations that stand in the way of those goals or discourage the formation of new rural banks.
- Watch Rep. Norman’s remarks here.
H.R. 6547, the Least Cost Exception Act, sponsored by Subcommittee on Housing and Insurance Chairman Mike Flood (NE-01), passed 50-0. The bill modifies the least cost mandate to provide the Federal Deposit Insurance Corporation (FDIC) with the discretion to approve a bid for a failed or failing bank other than the absolute least cost bid, provided certain conditions are met.
- Watch Rep. Flood’s remarks here.
H.R. 6555, the Enhancing Bank Resolution Participation Act, sponsored by full Committee Vice Chairman Bill Huizenga (MI-04), passed 51-0. The bill requires Federal banking agencies to study the use and benefits of granting shelf charters and a modified bidder qualification process in order to promote competition in the bidding process for failing bank assets.
- Watch Rep. Huizenga’s remarks here.
H.R. 6556, the Failing Bank Acquisitions Fairness Act, sponsored by Rep. Stephen Lynch (MA-08), passed 51-0. The bill limits the circumstances in which Federal banking agencies can waive statutory concentration limits on deposits and liabilities for banking organizations and financial companies when they acquire failed insured depository institutions.
- Watch Chairman Hill’s remarks here.
H.R. 6554, the Community Bank Representation Act, sponsored by Rep. Monica De La Cruz (TX-15), passed 29-22. This bill takes the important step of ensuring that the community bank representative on the Federal Reserve Board has a statutory role in the supervision and regulation of community banks.
- Watch Rep. De La Cruz’s remarks here.
H.R. 6550, the American Financial Institution Regulatory Sovereignty and Transparency (American FIRST) Act, sponsored by Rep. Barry Loudermilk (GA-11), passed 29-23. The bill requires commonsense oversight and transparency measures from Federal banking agencies such as annual reporting, disclosure of participation, economic impact analysis, and public testimony before Congress regarding their engagement with financial regulatory supervisory forums like the Basel Committee on Banking Supervision.
- Watching Rep. Loudermilk’s remarks here.
H.R. 6570, the Merger Agreement Approvals Clarity and Predictability Act, sponsored by Rep. Scott Fitzgerald (WI-05), passed 52-0. The bill requires the GAO to undertake a thorough review of how Federal regulators use commitments and conditions when approving mergers of insured depository institutions.
- Watch Rep. Fitzgerald’s remarks here.
H.R. 6546, the Merger Process Review Act, sponsored by Rep. Roger Williams (TX-25), passed 52-0. The bill directs the Inspector General of each Federal prudential regulator to conduct a study and recommend specific changes to bring clarity and efficiency to the bank merger process.
- Watch Rep. Williams’s remarks here.
H.R. 6553, the Tailoring and Indexing Enhanced Regulations (TIER) Act, sponsored by Subcommittee on Financial Institutions Chairman Andy Barr (KY-06), passed 33-19. This bill resets the asset thresholds for Category II, III, and IV banks to account for prior economic expansion and permanently indexes future thresholds to nominal GDP.
- Watch Rep. Barr’s remarks here.
H.R. 1181, the Protecting Privacy in Purchases Act, sponsored by Rep. Riley Moore (WV-02), passed 29-23. This bill protects Americans’ Second Amendment rights by prohibiting payment card networks from assigning or using Merchant Category Codes that distinguish firearms retailers from general merchandise or sporting-goods retailers.
- Watch Rep. Loudermilk’s remarks here.
H.R. 6551, the New Bank Application Numbers Knowledge Act (New BANK) Act, sponsored by Rep. Loudermilk, passed 53-0.This bill requires Federal prudential regulators to publish annual reports on applications received for Federal depository institution charters, depository institution holding companies, federal deposit insurance, state depository institution charters, and federal credit union charters.
- Watch Rep. Loudermilk’s remarks here.
H.R. 6544, the Regulatory Efficiency, Verification, Itemization, and Enhanced Workflow (REVIEW) Act, sponsored by Rep. William Timmons (SC-04), passed 30-23.This bill requires the Federal prudential regulators to review their existing rules every seven years, instead of every ten. It requires the prudential regulators to consider the cumulative impact of regulations in their reviews.
- Watch Rep. Timmons’ remarks here.
H.R. 6552, the Bank-Fintech Partnership Enhancement Act, sponsored by Rep. Barr, passed 53-0. The bill directs the Federal banking agencies and the NCUA to conduct studies on financial institutions partnering with financial technology companies and examine their impact on competition, innovation, and credit availability.
- Watch Rep. Barr’s remarks here.
H.R. 5577, the NFIP Extension Act of 2026, sponsored by Rep. Andrew Garbarino (NY-02), passed 53-0. This bill reauthorizes the National Flood Insurance Program (NFIP) through September 30, 2026.
- Watch Rep. Garbarino’s remarks here.
H.R. 6644, the Housing for the 21st Century Act, sponsored by Chairman Hill, Ranking Member Waters (CA-43), Rep. Flood, and Rep. Emanuel Cleaver (MO-05), passed 50-1. The bipartisan housing package will streamline housing development and affordability by updating outdated programs, removing regulatory roadblocks, and increasing local flexibility.
- Watch Rep. Flood’s remarks here.
H.R. 1078, the Respect State Housing Laws Act, sponsored by Rep. Loudermilk, passed 29-22.Removes the costly ambiguity regarding the expired 30-day federal eviction notification required temporarily adopted at the start of the COVID-19 pandemic. That provision, which was enacted in Section 4024 of the CARES Act, applied only to renters of federally-assisted properties and expired in July of 2020. Renters will continue to be protected by their state or local notification laws and any federal rules that pre-date enactment of the CARES Act.
- Watch Rep. Loudermilk’s remarks here.
H.R. 4646, the Whistleblower Protection Act of 2025, sponsored by Rep. De La Cruz, passed 51-0. This bipartisan legislation makes it clear that whistleblower protections apply to any HUD contractor, regardless of the date on which the contract was signed, which will clarify protection for thousands of HUD contractors and ensure they are not retaliated against for simply acting in the taxpayers’ best interest.
- Watch Rep. De La Cruz’s remarks here.
H.R. 6541, Regulation A+ Improvement Act of 2025, sponsored by Rep. Marlin Stutzman (IN-03), passed 28-23.This bill increases the Regulation A+ offering limit to $150 million. By raising this limit, Congress provides a powerful incentive for growth, fuels economic expansion, and empowers the next generation of successful American companies.
- Watch Rep. Stutzman’s remarks here.
H.R. 4130, the Small Business Relief Act, sponsored by Rep. Garbarino, passed 28-24. This bill makes a targeted change to section 12(g) of the Exchange Act to exclude QIBs [Qualified Institutional Buyer] and IAIs [Institutional Accredited Investor] from holder of record count. This bill encourages capital formation by making it easier for companies to raise money from sophisticated investors without immediately facing the costly and complex requirements of full public registration.
- Watch Rep. Garbarino’s remarks here.
H.R. 3959, the Protecting Private Job Creators Act, sponsored by Rep. Troy Downing (MT-02), passed 41-11. This bill restores the market’s reliance on the original, long-held regulatory understanding that fixed-income securities should be exempt from Rule 15c2-11, ensuring that private companies can continue to access the funding they need.
- Watch Mr. Downing’s remarks here.
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