Press Releases

WASHINGTON, D.C. – Rep. French Hill (AR-02) released the following statement today after the State Department released their latest designations of “Countries of Particular Concern” (CPCs) under the International Religious Freedom Act (IRFA):   “For the second year in a row, the Biden Administration has neglected to include Nigeria from their latest designation of “Countries of… Read more »

WASHINGTON, D.C. – Earlier this week, Rep. French Hill (AR-02) introduced H.R. 9292, which would grant the Treasury Secretary the authority to waive counterproductive voting mandates at the International Financial Institutions (IFI) on a case-by-case basis, reaffirming U.S. leadership on the global stage.   “U.S. Representatives to the IFIs are subject to Congressional mandates… Read more »

WASHINGTON, D.C. – Rep. French Hill (AR-02) released the following statement after President Biden announced his intent to nominate Martin Gruenberg to serve as Chair and Member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC): "I am disappointed to see the White House nominate Martin Gruenberg to be the Chairman of the FDIC again. If his last term is any… Read more »

Rep. French Hill (AR-02) recently sent a letter to U.S. Department of Treasury Secretary Janet Yellen reiterating his opposition to a new allocation of Special Drawing Rights (SDRs) by the International Monetary Fund (IMF). To read the full letter, click HERE. In the letter, Rep. Hill outlines the reasons he’s opposed to an additional SDR allocation, stating, “The IMF is not an aid… Read more »

Following last week’s Annual Meetings of the International Monetary Fund and the World Bank Group, Rep. French Hill (AR-02) and House Financial Services Committee Republican Leader Patrick McHenry (NC-10), sent a letter to Treasury Secretary Janet Yellen urging her to support and advocate for nuclear energy investments at the European Bank for Reconstruction and Development (EBRD) and… Read more »

President Biden signed Rep. French Hill’s (AR-02) bill, H.R. 6899, the Russia and Belarus SDR Exchange Prohibition Act of 2022, into law today. This law will prohibit the Treasury Secretary from exchanging dollars for International Monetary Fund (IMF) Special Drawing Right (SDR) assets held by Russia or Belarus. Further, the law requires the Treasury Secretary to push IMF member countries… Read more »

Rep. French Hill (AR-02), House Financial Services Committee Republican Leader Patrick McHenry (NC-10), and all members of the Committee Republicans’ Digital Asset Working Group today sent a letter to Attorney General (AG) Merrick Garland requesting his assessment of whether legislation is necessary for a U.S. Central Bank Digital Currency (CBDC). To read the full letter, click HERE.… Read more »

WASHINGTON, D.C. – Rep. French Hill (AR-02) released the following statement today after voting against H.R. 6833, the Continuing Appropriations and Ukraine Supplemental Appropriations Act, 2023: “Here we are once again at the 11th hour voting on yet another temporary government spending bill. This is not a “clean” Continuing Resolution. It contains new spending and new policy that were… Read more »

The members of the Congressional Oversight Commission have published their twenty-ninth report. It is available for review HERE. The Commission's twenty-eight previous reports are also available for review at the Congressional Oversight Commission’s website HERE. The Congressional Oversight Commission is a five-person panel that was established by the CARES Act. The Commission… Read more »

Rep. French Hill (AR-02) introduced H.R. 8985, the Credit Access and Inclusion Act of 2022. The bill will allow public housing authorities, utility, and telecommunications companies to furnish payment information for things like utility bills and phone payments to credit reporting agencies to help consumers enhance their credit scores. Currently, it’s estimated that 26 million Americans… Read more »