WASHINGTON, D.C. – Today, the House passed H.R. 1675, the Encouraging Employee Ownership Act of 2015, by a vote of 265-159. Included in H.R. 1675 was a package of financial services bills, including H.R. 2356, the Fair Access to Investment Research Act, which was introduced by Congressman French Hill (AR-02) last May...
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Today marks four months since the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosure (TRID), or “Know Before You Owe, rule became effective. Since then, numerous reports, news stories, and first-hand accounts from the industry have indicated that there are many problems and confusion stemming from TRID implementation, and as a result, a disruption in home sales. In October, by an overwhelming bipartisan majority, the House passed H.R. 3192, the Homebuyers Assistance A...
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Today, after the House passed S.J.Res. 22, a joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Corps of Engineers and the Environmental Protection Agency relating to the definition of "waters of the United States" under the Federal Water Pollution Control Act, Congressman French Hill (AR-02) released the following statement...
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Today, the House passed H.R. 3762, the Restoring Americans’ Healthcare Freedom Reconciliation Act, by a vote of (240-181). Among other actions, H.R. 3762 would gut Obamacare and end all federal funding for Planned Parenthood. It is the first bill eliminating key parts of Obamacare that has passed both the House and Senate, and it will be sent to the President’s desk later this week. Following passage of the bill, Congressman French Hill (AR-02) stated: “As House Republicans have said for some ti...
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Today, after President Obama’s speech detailing his executive actions to bypass Congress and impose new restrictions on Second Amendment rights of the American people, Congressman French Hill (AR-02) released the following statement...
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Today, the U.S. House of Representatives passed H.R. 2029, Consolidated Appropriations Act by a vote of 316-113. Following passage of the bill, Congressman French Hill (AR-2) released the below statement...
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Today, the House passed the Protecting Americans from Tax Hikes (PATH) Act by a bipartisan vote of 318-109. The PATH Act would extend numerous temporary tax provisions and make over 20 tax relief provisions permanent, including the Research and Development Tax Credit, Section 179 small business expensing, and several extenders that enhance charitable giving, such as the IRA charitable rollover provision. Following its passage, Congressman French Hill (AR-2) released the below statement: “We nee...
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Today, after the Federal Reserve raised interest rates for the first time in nearly a decade, Congressman French Hill (AR-2) released the below statement: “While the markets have been making these adjustments for months, today the Federal Reserve has begun to raise the federal funds rate after holding it near zero for seven years. While I’m glad to see the Fed take this step, in my view, it needs to develop a more rules-based approach to monetary policy, such as that contained in the House-passe...
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