Press Releases

Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a markup of various bills that reflect the Committee's long-standing efforts to expand opportunity, protect consumers, preserve choice and competition, and demand accountability from the institutions that serve the American people.

Read Chairman Hill's remarks as prepared for delivery:

"Today’s agenda brings together a comprehensive set of bills to expand opportunity for American families, protect consumers, and hold financial regulators to a higher standard of accountability.

"H.R. 7030, the Securing Facilities for Mental Health Services Act, introduced by Republican Whip Tom Emmer, temporarily removes an outdated restriction on FHA financing for inpatient psychiatric hospitals, enabling qualified facilities to more easily secure the capital they need to build, renovate, or expand, while preserving sound underwriting standards and taxpayer protections. This sunsets in 5 years, allowing Congress to further examine its impact.

"When a family suddenly faces a job loss or medical setback, or other financial hardship, knowing where to turn for local assistance and understanding their legal rights can make the difference between navigating a difficult moment and facing a crisis that lasts for years.

"Protecting consumers also means ensuring that the government itself follows the law, respects due process, and remains accountable.

"That is the goal of H.R. 10184, the Consumer Financial Protection Accountability and Reform Act of 2026, introduced by Financial Institutions Subcommittee Chairman Andy Barr.

"This package establishes durable guardrails to make the CFPB more accountable and transparent while keeping its focus on protecting consumers and promoting competition, innovation, and access to affordable financial products and services.

"Chairman Barr’s H.R. 1653, the Civil Investigative Demand Reform Act of 2025, applies those same principles to the Bureau’s investigative process by ensuring that civil investigative demands have a factual basis, a reasonable scope, and a meaningful opportunity for review.

"We will also consider measures aimed at protecting Americans from financial fraud and improving the information consumers receive when making important financial decisions.

"H.R. 4936, the TRAPS Act, introduced by Congressman Nunn, creates a coordinated federal government and private-sector effort to understand and counter financial fraud and scams.

"Congressman Nunn’s CLEAR Forms Act would improve the information Americans receive when considering annuity and life-insurance products for retirement, while reducing unnecessary disclosure complexity and compliance burdens.

"Another important measure before us is H.R. 7866, the American Lending Fairness Act of 2026, introduced by Warren Davidson, Chairman of the Subcommittee on National Security.

"This bill supports our dual banking system and preserves charter choice by restoring a level playing field for state-chartered banks and credit unions, allowing them to offer loans nationwide under the interest rate rules of their home states.

"We will also bring H.R. 8957, the American Reserve Modernization Act of 2026, introduced by Congressman Begich from Alaska.

"The bill establishes a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile within the Department of the Treasury for federally held Bitcoin and other digital assets acquired through criminal or civil forfeiture.

"This is a common-sense measure that brings digital assets held across federal agencies under Treasury custody and consistent oversight, strengthening the security, transparency, and accountability of these government-held assets.

"Lastly, we will also consider H.R. 5889, the Eviction Helpline Act, introduced by Congresswoman Pressley and Ranking Member Waters, to increase the mandatory contribution of Federal Home Loan Banks to their Affordable Housing Programs.

"Many of these bills reflect a practical, common-sense approach to expanding opportunity, protecting consumers, preserving choice and competition, and demanding accountability from the institutions that serve the American people.

"At the end of the day, that is what this Committee is here to do: ensure our financial system works for the American people – not the other way around.

"I look forward to today’s discussion. With that, I yield back."

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