On September 25, House Financial Services Committee Chairman French Hill (R-AR) previewed the Committee’s fall agenda in a podcast interview, highlighting priorities across four areas: community banking, digital assets, housing, and capital markets.
Hill began by discussing community banking, where he emphasized the importance of “tailoring regulations according to complexity, size, and the nature of the business,” and stated his intent to reshape the regulatory environment for community banks. He noted that the Committee had advanced 27 bills, most with bipartisan support, and was working with Senate leadership to advance them.
Discussing digital assets, Hill described the CLARITY Act as an “excellent roadmap” for digital asset market structure, citing broad bipartisan backing in the House. He expressed optimism about collaboration with Senate Banking Committee counterparts to advance market structure legislation that would balance consumer and structural safeguards with innovation.
On housing, Hill said the Committee would hold a hearing in October to solicit ideas and consider bipartisan reforms to the new housing construction program (i.e., HOME). He also highlighted ongoing efforts to work with the Treasury on ensuring a “stable, effective secondary mortgage market system” as the Treasury contemplates changes to government-sponsored enterprises.
Finally, as to capital markets, Hill outlined goals to aid investors in accessing both private and public market investment opportunities, and to modify the “accredited investor” definition to include individuals with “experience and expertise.” He also identified further committee objectives in public markets, including reducing the cost of operating as a public company, easing “SEC costs,” and reducing litigation risks in public markets.
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