Financial Services Advances Eight Bills
Washington,
September 18, 2026
Tags:
Full Committee
On Wednesday, the House Committee on Financial Services, led by Chairman French Hill (AR-02), favorably reported 8 bills to the full House of Representatives. “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,” said Chairman Hill. H.R. 7030, the Securing Facilities for Mental Health Services Act, sponsored by Majority Whip Tom Emmer (MI-06), passed 49-0. This bill expands eligibility for the Federal Housing Administration’s (FHA) hospital mortgage insurance program to additional types of hospitals and requires the Department of Housing and Urban Development (HUD) to evaluate and report on the program’s effectiveness in supporting hospital financing.
H.R. 4936, the Taskforce for Recognizing and Averting Payment Scams (TRAPS) Act, sponsored by Rep. Zach Nunn (IA-03) and Rep. Jim Himes (CT-04), passed 49-0. This bill establishes a federal task force to study payment scams and develop strategies to prevent and combat fraudulent payment schemes that target Americans. H.R. 10234, the Consumer-Led Enhancement of Annuity and Insurance Registration (CLEAR) Forms Act, sponsored by Rep. Nunn and Rep. Brittany Pettersen (CO-07), passed 42-7. This bill directs the Securities and Exchange Commission (SEC) to develop tailored registration forms for registered index-linked life insurance, contingent deferred annuities, and certain other registered non-variable insurance contracts, providing greater transparency for American investors.
H.R. 7866, the American Lending Fairness Act, sponsored by Subcommittee on National Security, Illicit Finance, and International Financial Institutions Chairman Warren Davidson (OH-08), passed 31-18. This bill the scope of the opt-our provision in the Depository Institutions Deregulation and Monetary Control Act of 1980 providing greater certainty for state-chartered lenders operating across state lines and ensuring Americans maintain access to credit.
H.R. 1653, the Civil Investigative Demand Reform Act, sponsored by Subcommittee Chairman Barr and Rep. Vicente Gonzalez (TX-34), passed 29-20. This bill reforms the Consumer Financial Protection Bureau’s (CFPB) civil investigative demand process to strengthen due process and protect financial institutions from overly broad or burdensome information requests.
H.R. 10184, the Consumer Financial Protection Accountability and Reform Act, sponsored by Subcommittee Chairman Barr, passed 28-21. This bill reforms the CFPB’s governance, rulemaking, supervision, and enforcement authorities to strengthen accountability and transparency, promote regulatory clarity, and promote access to financial products and services for consumers.
H.R. 8957, the American Reserve Modernization Act, sponsored by Rep. Nick Begich (AK-AL), passed 28-21. This bill establishes a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile within Treasury. The bill also consolidates the custody and management of digital assets held across federal agencies under the Treasury Department.
H.R. 5889, the Eviction Helpline Act, sponsored by Rep. Ayanna Pressley (MA-07), passed 47-2. This bill creates a HUD hotline to provide eviction-related assistance and connect tenants in federally assisted rental housing with resources to help prevent displacement and maintain housing stability.
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