Press Releases

Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a markup of various bills that highlight the Committee’s focus on promoting economic growth, strengthening market integrity, and ensuring our regulatory framework keeps pace with a rapidly evolving financial landscape.

Read Chairman Hill's remarks as prepared for delivery:

"Good morning. Today we are marking up a series of bills reflecting the Committee’s priorities – fostering innovation, ensuring comprehensive oversight, and solidifying the United States’ leadership in the global financial system.

"As we consider these measures, we face the critical task of formulating and refining policies that respond to the needs of American families, while keeping pace in the age of rapid technological innovation.

"The bills before us reflect the challenge of modernizing our financial framework while staying true to the core principles that underpin it.

"Together, we must work to forge a financial system made for every American. One that promotes opportunity, increases access to capital and operates with the level of trust that allows businesses to grow.

"We must ensure our rules do not stifle innovation and drive smaller institutions or investors out of the market while maintaining adequate transparency and accountability to protect consumers, ensure orderly markets and safeguard against fraud.

"Our Founders designed our institutions not to eliminate risk or competition, but to guide them in a way that fosters economic growth while mitigating risk.

"Leaders like our first Treasury Secretary Alexander Hamilton recognized that a stable and resilient financial system is essential to the strength of our nation.

"The bills before us today reflect that same ongoing effort to strike the right balance between advancing innovation while upholding accountability, easing regulatory burdens without sacrificing transparency, and fostering economic growth while safeguarding the integrity of our financial system.

"That work is evident in bills like Rep. Warren Davidson’s Repealing Big Brother Overreach Act, which seeks to relieve American small business owners from overly burdensome reporting requirements and compliance costs.

"By codifying Administration rulemaking to eliminate onerous beneficial ownership reporting requirements for ordinary Americans, we are helping small business owners allocate more of their time and resources toward serving their local economies.

"We are also supporting small businesses through bills like my Small LENDER Act. This bill addresses Section 1071 of the Dodd-Frank Act by delaying implementation of small business lending data collection requirements, narrowing their scope, and exempting smaller institutions. 

"Community banks play a crucial role in our financial ecosystem. They foster competition, serve underserved communities, and drive economic growth.

"By reducing excessive reporting requirements, we are not only alleviating burdens on these institutions but also enhancing their ability to serve their customers.

"We will also consider Rep. Pete Sessions’ Exchange Rate Accountability Act of 2026, which directs the Treasury Secretary to oppose increases in voting power for certain IMF member countries that fail to adopt exchange rate policies consistent with balanced and fair global trade practices.

"This measure underscores America’s leadership in promoting transparency and accountability in the international financial system, while addressing the growing challenges posed by geopolitical competition.

"Additionally, Rep. Bryan Steil’s Protecting Americans’ Savings from Politics Act takes important steps to refocus proxy voting and investment decision-making on the best economic interests of investors, rather than political or ideological agendas.

"This bill would strengthen transparency and accountability in the proxy process, curb conflicts of interest among proxy advisory firms, empower shareholders, and help ensure that Americans’ savings are managed with a focus on economic returns.

"The bills before us today encompass a wide range of policy areas, each reflecting the Committee’s focus on promoting economic growth, strengthening market integrity, and ensuring our regulatory framework keeps pace with a rapidly evolving financial landscape.

"I look forward to today’s discussion on these important bills to support American competitiveness and reinforce the strength and resilience of our financial system."

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