Press Releases

Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a markup of various bills that reinforce our financial systems, strengthen our national security, and foster economic growth.

Read Chairman Hill's remarks as prepared for delivery.

"Good morning. Today, we are marking up a series of bills that reflect this Committee’s commitment to reinforcing our financial systems, strengthening our national security, and fostering economic growth.

"We want to reverse the curse of the Biden years where we witnessed runaway spending, rising costs, and regulatory overreach. Members of this Committee and our Republican Conference are working hard to restore growth, opportunity, and accountability in our government.

"From strengthening our defenses against emerging cyber threats to fostering innovation through artificial intelligence, the bills before us today work to reinforce the foundations of our financial system.

"Together, they empower the American people by promoting economic security, encouraging responsible innovation, and ensuring that Washington does not stand in the way of growth and opportunity.

"Looking ahead to the second half of the 119th Congress, we can advance thoughtful, targeted policy changes that strengthen economic opportunity and help make the American Dream attainable for every American.

"We have Rep. Mike Flood’s reauthorization of the Terrorism Insurance Program. Extending TRIA not only safeguards American businesses but ensures that our economy remains resilient against potential threats.

"As we look to the future, the integration of artificial intelligence in financial services and housing programs becomes paramount. Rep. Bryan Steil’s resolution expresses our support for AI in the financial services and housing industries.

"This resolution acknowledges AI’s growing role in these sectors, recognizing both its benefits and risks while underscoring the need for appropriate oversight, enforcement of existing laws, and consumer protections.

"To combat the increasing threat of cybercrime in our financial system, we will review Rep. Scott Fitzgerald’s Combating Money Laundering in Cyber Crime Act of 2025.

"This bill strengthens law enforcement’s ability to address illicit activity tied to digital assets and better protects consumers and our financial institutions.

"Additionally, Rep. Loudermilk’s Financial Reporting Threshold Modernization Act modernizes outdated reporting requirements by updating the currency transaction report threshold to reflect inflation and today’s economy, reducing unnecessary regulatory burdens and allowing businesses to focus on growth.

"We’re also considering Rep. Garbarino’s Small Entrepreneurs Empowerment and Development (SEED) Act which amends the Securities Act of 1933 to allow small issuers to conduct a micro-offering free of mandated disclosures or filings.

"By easing the regulatory burden on small issuers, we empower them to grow and innovate while ensuring that anti-fraud protections remain intact.

"We will also review Rep. Dan Meuser’s Restoring Secondary Trading Market Act, which amends the Securities Act of 1933 to preempt state blue sky laws for off-exchange secondary trading.

"Streamlining regulations for off-exchange trading creates a more conducive environment for companies to operate, enhances regulatory consistency, and increases investor confidence.

"Cumulatively, these bills take steps toward reducing unnecessary regulatory burdens to allow businesses to focus on their core operations and protect the health and security of our nation’s financial system.

"These bills address the real challenges facing our financial sector while promoting innovation and growth.

"I look forward to today’s discussion on these important bills that work to benefit the American people, and I look forward to delivering on our Committee goals and agenda for 2026."