Policy
Policy

House Financial Services Committee sets organizational meeting for January

The House Financial Services Committee, led by Chairman French Hill (AR-02), has announced its Organizational Meeting for the 119th Congress.
Latest Policy News
Latest News

New House task force targets monetary policy and economic resilience

House Financial Services Committee Chairman French Hill announced the formation of a new task force focused on monetary policy, treasury market resilience, and economic prosperity for the 119th Congress.

Chairman Hill announces new subcommittee roles for House Financial Services Committee

House Financial Services Committee Chairman French Hill announced the subcommittee vice chairs and member assignments for the 119th Congress. “I am proud to lead the exceptional membership of our House Financial Services Committee Republicans for...

Analysis: Durbin-Marshall credit card bill could lead to $227 billion loss in economic activity, 156,000 lost jobs

Federal credit card regulations proposed in 2023 could lead to a loss of $227 billion in economic activity and 156,000 job losses, according to an analysis conducted for the Electronic Payments Coalition (EPC) by Oxford Economics Research (OER).

House committee names vice chairmen and subcommittee chairs

House Financial Services Committee Chairman French Hill announced key positions for the 119th Congress.

Tim Scott supports SEC chair nominee Paul Atkins

U.S. Senator Tim Scott has expressed support for Paul Atkins, the nominee for Chairman of the Securities and Exchange Commission (SEC).

Senator Tim Scott criticizes CFPB's final rule on medical debt

U.S. Senator Tim Scott from South Carolina has expressed his concerns over the Consumer Financial Protection Bureau's (CFPB) final rule on medical debt.

Senator Tim Scott criticizes Michael Barr's tenure as Fed Vice Chair

U.S. Senator Tim Scott has issued a statement following the announcement that Michael Barr will step down from his role as the Federal Reserve Board Vice Chair for Supervision.

Tim Scott set to become first Black chairman of a Senate standing committee

Today, U.S. Senator Tim Scott of South Carolina announced his upcoming role in the 119th Congress as the longest-serving Black senator in U.S. history.

Scott and Hill seek answers from Treasury over China-linked cyber hack

Ranking Member Tim Scott and House Financial Services Committee Vice Chair French Hill are seeking explanations after a cybersecurity breach at the U.S. Department of Treasury, reportedly sponsored by China.

Tim Scott releases year-in-review report highlighting GOP banking committee achievements

Ranking Member Tim Scott has released the 2024 Year-in-Review and Oversight Report for the 118th Congress, detailing the efforts of Banking Committee Republicans.

McHenry and Hill caution Biden administration on last-minute regulatory actions

The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), along with incoming Chairman and current Vice Chair French Hill (AR-02), have issued letters to agencies and regulators under the jurisdiction of the committee.

Tim Scott discusses future of AI and crypto with David Sacks

Washington, D.C. – Ranking Member Tim Scott of South Carolina held a meeting with David Sacks, who is set to become President Trump's White House A.I. and Crypto Czar.

Tim Scott discusses housing policy reforms with HUD nominee

Washington, D.C. – Ranking Member Tim Scott (R-S.C.) has shared his thoughts following a meeting with Scott Turner, who has been nominated by President Trump to serve as the U.S. Secretary of Housing and Urban Development (HUD).

French Hill named new chairman of House Financial Services Committee

Today, Patrick McHenry, the Chairman of the House Financial Services Committee, announced that French Hill has been chosen by the House Republican Steering Committee to lead the House Financial Services Committee as its next Chairman.

Tim Scott criticizes CFPB's decision on overdraft fee cap

Ranking Member Tim Scott of South Carolina has expressed his disapproval of the Consumer Financial Protection Bureau's (CFPB) final rule that caps overdraft fees at banks and credit unions.

Tim Scott criticizes CFPB director Chopra over continued rulemaking activities

After a postponed U.S. Senate Committee on Banking, Housing, and Urban Affairs markup vote on President Biden's nominees, Ranking Member Tim Scott criticized the committee's operations and transparency.

Tim Scott responds to Senate plan for markup of Biden's nominees

In Washington, D.C., a response was issued by Ranking Member Tim Scott (R-S.C.) following Chairman Brown's announcement regarding the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

Republican senators urge Biden administration to enforce sanctions on Iran's oil sector

In Washington, D.C., Senator Tim Scott (R-S.C.), the Ranking Member of the Senate Banking Committee, is leading a group of Republican senators in expressing concerns over the Biden administration's enforcement of sanctions on Iran's oil sector.

IAIS acknowledges US state-based insurance regulation system

Ranking Member Tim Scott has expressed approval of the International Association of Insurance Supervisors' (IAIS) recent decision to acknowledge the U.S. state-based insurance regulatory system.