More on Financial Services
WASHINGTON – Today, Congressman French Hill (AR-02) and Congressman Bill Foster (IL-11) introduced H.R. 910, the Fair Access to Investment Research Act. The bill would address anomalies in securities laws and regulations that discourage broker-dealers from publishing research on exchange traded funds (ETFs) by directing the Securities and Exchange Commission (SEC) to provide a safe harbor for research reports that cover ETFs.
WASHINGTON – Today, after President Trump signed executive orders to review Dodd-Frank and to stop implementation of the Department of Labor’s (DOL) fiduciary rule, Congressman French Hill (AR-02) released the following statement:
WASHINGTON – Today, House Committee on Financial Services Chairman Jeb Hensarling (TX-05) announced that Congressman French Hill (AR-02), who serves as Committee Whip, would serve on the Subcommittee on Capital Markets, Securities and Investment, Subcommittee on Monetary Policy and Trade, and Subcommittee on Terrorism and Illicit Finance. Following the announcement, Congressman Hill stated:
WASHINGTON – Today, the House of Representatives passed H.R. 78, the SEC Regulatory Accountability Act. H.R. 78 would make the Securities and Exchange Commission’s (SEC) rulemaking process more accountable by enhancing its cost-benefit analysis requirements and requiring the SEC to revisit its rules after implementation to ensure they are actually achieving their intended purposes.
Following passage of the bill, Congressman French Hill (AR-02) stated:
WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (TX-05) has announced that Congressman French Hill (AR-02) has been selected to the Committee’s leadership team to serve as Whip.
WASHINGTON – The Republican Study Committee (RSC) announced that Congressman French Hill (AR-02) will serve as a member of its Steering Committee for the 115th Congress. RSC Steering Committee provides guidance to the Chairman and helps set the policy agenda for one of Congress’s oldest Conservative Caucuses.
The House Financial Services Committee will see a shuffling of deck chairs among the leadership of its subcommittees in the new Congress as it also welcomes 10 new Republican members.
The shake-up on the GOP side is largely due to eight committee members from the previous Congress either retiring or losing elections, including Rep. Randy Neugebauer, R-Texas, who led the financial institutions subcommittee, and Rep. Scott Garrett, R-N.J., who chaired of the capital markets panel.
WASHINGTON – Today, after The House Financial Services Committee’s Task Force to Investigate Terrorism Financing released the report from its 12-month investigation into terror finance, Congressman French Hill (AR-02) released the following statement:.
WASHINGTON – Today, the House passed H.R. 6392, the Systemic Risk Designation Improvement Act of 2016. A previous version of the bipartisan bill passed the House Financial Services Committee in November of last year by a vote of 39-16. Under current law, a financial instruction is automatically designated as a systemically important financial institution (SIFI) if it has $50 billion in assets.
WASHINGTON – Today, the House passed H.R. 5711, to prohibit the Secretary of the Treasury from authorizing certain transactions by a U.S. financial institution in connection with the export or re-export of a commercial passenger aircraft to the Islamic Republic of Iran, by a vote of 243-174.