Press Releases

House Committee on Financial Services Chairman French Hill (AR-02) and Subcommittee on Financial Institutions Chairman Andy Barr (KY-06) issued the following statement regarding the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency’s Basel III proposal:

“The Committee applauds the Federal banking agencies’ joint effort to incorporate bipartisan feedback from members of the Committee and develop a more balanced Basel III framework and accompanying capital rulemakings. Right-sizing bank regulation is critical to ensuring that capital standards are appropriately tailored to risk and do not impede lending at institutions that serve as the backbone of local economies. We are encouraged to see progress toward a more bipartisan approach that reflects these priorities. The Committee looks forward to carefully reviewing the proposal, holding a hearing to discuss stakeholders’ views, and working with the agencies to ensure they promote safety and soundness; preserve the competitiveness of U.S. financial institutions; and maintain access to credit for American households and small businesses.”

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