Press Releases

Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a markup of various bills that reaffirm the Committee's commitment to supporting American businesses and families.

 

Read Chairman Hill's remarks as prepared for delivery.

 

"Today, we will advance a series of bills aimed at strengthening our economy and supporting small businesses and American families.  

 

"At last week’s State of the Union address, President Trump spoke about the strength and resilience of our economy.

 

"After years of economic hardship brought on by the Biden Administration, marked by runaway spending, historic inflation, rising interest rates, and burdensome regulations, the American people are finally seeing a return to stability, renewed growth, and policies that put American workers and families first.

 

"Prices are coming down. Inflation is cooling. Energy costs have eased. Investors are putting their capital back to work with renewed confidence in the strength and stability of our economy.

 

"The bills before us today reflect President Trump and Republicans’ shared commitment to promoting pro-growth, America-first policies. 

 

"We are working to strengthen Main Street, expand access to capital, support American businesses, and ensure our financial system remains the most dynamic in the world. 

 

"Committee Republicans are dedicated to fighting for everyday Americans, which is why we are advancing the Main Street Capital Access Act. 

 

"Co-led by our Subcommittee on Financial Institutions Chairman Andy Barr, this bill simplifies outdated requirements that have crippled our community banks and local lenders over the last few decades, giving them the flexibility they need to get back to lending in communities throughout the country, ensuring that small businesses and potential homebuyers have the financing they need to prosper.

 

"Expanding access to capital strengthens local economies and keeps opportunity within reach so businesses can grow and American families can achieve greater financial security.

 

"We will also review Chairman of our Subcommittee on Oversight and Investigations Dan Meuser’s Restoring the Secondary Trading Market Act.

 

"This important bill amends the Securities Act of 1933 to preempt state blue sky laws for certain off-exchange secondary trading transactions.

 

"By streamlining the regulatory framework for off-exchange trading, this bill promotes greater uniformity and efficiency in our markets, reduces unnecessary compliance burdens, and strengthens investor confidence so our capital markets remain competitive and effective in supporting economic growth.

 

"We’re also eager to pass Rep. Garbarino’s Small Entrepreneurs Empowerment and Development (SEED) Act which amends the Securities Act of 1933 to allow small issuers to conduct a limited micro-offering without being subject to costly disclosure and filing requirements.

 

"By easing these regulatory burdens, this bill gives startups and small businesses greater flexibility to raise early-stage capital, empowering them to grow and innovate, while preserving strong anti-fraud protections to safeguard investors and maintain confidence in our markets.

 

"As we all know, a strong national defense relies on a resilient industrial base. Which is why we are working hard to advance Rep. Davidson’s bipartisan DPA Modernization Act to reform and reauthorize the Defense Production Act.

 

"Updating and extending the DPA ensures the United States has robust supply chains to support domestic manufacturing and reduce reliance on foreign adversaries.

 

"We also have Rep. Troy Nehls’ Save Our Shrimpers Act which supports our domestic shrimping industry and the hardworking men and women in our coastal communities.

 

"The bills we are reviewing today address the real challenges facing Americans. By reducing unnecessary regulatory burdens, expanding access to capital, and reinforcing critical industries, we are working to protect the integrity and security of our financial system.

 

"I look forward to today’s discussion on these important bills that work to benefit the American people."

 

 

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