WASHINGTON, D.C. — Today, The Hill published Congressman French Hill’s (AR-02) op-ed highlighting the unintended consequences of the Corporate Transparency Act, a new beneficial ownership bill scheduled for a vote on the House floor this afternoon. Small businesses failing to comply with this proposed bill could face a penalty of up to $10,000 and a prison sentence of up to three… Read more »
Some lawmakers remain skeptical of Trump administration housing market overhaul plan
WHNT 19 News
10/22/19
WASHINGTON D.C. - The Trump administration plans to change how Americans take out loans to buy their homes. But housing advocates worry some of the proposals could raise mortgage rates and make it harder for some people to obtain a mortgage, particularly those in low-income,… Read more »
FHFA's Calabria is open to wiping out Fannie, Freddie shareholders
American Banker
10/22/19
WASHINGTON — At the second of two hearings to examine the Trump administration's housing finance reform blueprint, key officials charged with implementing the plan made clear they are abundantly focused on Fannie Mae and Freddie Mac's capital levels.
Members of the House Financial… Read more »
Legislation re-introduced in House to expand pool of accredited investors
Investment News
10/21/19
Legislation that would allow more investors to purchase unregistered securities faces some of the same legislative obstacles that stymied last year's measure.
Reps. French Hill, R-Ark., and David Schweikert, R-Ariz., introduced the Fair Investment Opportunities for Professional… Read more »
Facebook’s cryptocurrency Libra finding few friends in government, banking industry
Daily Voice Plus
10/19/19
Invoke the prefix “crypto” to most people, and negative thoughts are likely to follow; after all, dictionary.com defines the term as a noun meaning “a person who secretly supports or adheres to a group, party, or belief” and an adjective meaning “secret or hidden; not… Read more »
WASHINGTON, D.C. —Today, Congressmen French Hill (AR-02) and Congressman David Schweikert (AZ-06) introduced H.R. 4762, the Fair Investment Opportunities for Professional Experts Act. Specifically, this bill expands the definition of an accredited investor, allowing Americans who have relevant education, professional expertise, or other similar credentials to invest in private… Read more »
U.S. House Schedule for Friday, Oct. 18, 2019
Bearing Drift
10/18/19
FRIDAY, OCTOBER 18TH
On Friday, the House will meet at 9:00 a.m. for legislative business. First and last votes expected: 10:15 a.m. – 11:15 a.m.
One Minute Speeches
H.R. 3624 – Outsourcing Accountability Act of 2019 (Sponsored by Rep. Cindy Axne / Financial Services Committee)
The Rule provides for… Read more »
WASHINGTON, D.C. —Today, Ranking Member of the Subcommittee on National Security, International Development, and Monetary Policy, Congressmen French Hill (AR-02), released a statement in support of the Financial Accounting Standards Board’s (FASB) unanimous decision to delay implementation of its Current Expected Credit Losses (CECL) accounting standard until 2023 for most financial… Read more »
MIL-OSI USA: Rep. Hill Named Ranking Member of the Subcommittee on National Security, International Development, and Monetary Policy
ForeignAffairs Global Open Source Intelligence
10/17/19
WASHINGTON, D.C. —Today, the House Financial Services Committee selected Congressmen French Hill (AR-02), to serve as the Ranking Member of the Subcommittee on National Security, International… Read more »
Congressman Patrick McHenry Posts Update on Financial Services Committee Leadership Changes
Crowdfund Insider
10/17/19
Congressman Patrick McHenry, the ranking member on the House Financial Services Committee, has posted an update regarding several leadership positions including the new Task Force on Fintech and Task Force on Artificial Intelligence.
The following… Read more »
