Financial Services

Hill’s bill protects banks working with law enforcement during criminal investigations By The Ripon Advance U.S. Rep. French Hill (R-AR) on Jan. 24 sponsored a bipartisan bill that would provide a safe harbor for financial institutions that maintain a customer account at the request of a federal or state law enforcement agency, according to the congressional record summary. The… Read more »

WASHINGTON D.C. — This week, Congressman French Hill (AR-02), introduced H.R. 758, the Cooperate with Law Enforcement Agencies and Watch Act, which provides protections for financial institutions against regulatory agency backlash due to cooperation with a federal or state law enforcement agency.… Read more »

French Hill: Seize Opportunity By French Hill Just over a year ago, the pro-growth Tax Cuts and Jobs Act of 2017 was signed into law. In addition to the tax cuts that benefited both families and small businesses in Arkansas, the legislation also established qualified Opportunity Zones. These zones are designed to attract companies and businesses to invest in economically distressed… Read more »

WASHINGTON – The Securities and Exchange Commission recently released regulatory rules as mandated by Congressman French Hill’s (AR-02) Fair Access to Investment Research Act, which was signed into law on October 6, 2017. Congressman Hill made the following statement regarding the final rule:    “I’m pleased that my legislation opened up research of the rapidly growing… Read more »

Today, the Financial Services Committee advanced eight bills for future House consideration, including Congressman French Hill’s legislation, the Volcker Regulatory Harmonization Act. He issued the following statement: “As a former community banker, I have dealt with countless regulatory inconsistencies across the federal banking agencies. The Volcker Rule has been one of the most… Read more »

Congressman French Hill, Majority Whip of the House Financial Services Committee, issued the following statement, criticizing Fannie Mae’s and Freddie Mac’s request for a $4 billion bailout from the U.S. Department of the Treasury, and calling for Federal Housing Finance Agency (FHFA) Director Mel Watt to suspend payments to the Housing Trust Fund.   “As a taxpayer in this country,… Read more »

Today, Congressman French Hill (AR-02) issued the following statement after the House passed his bill, the TRID Improvement Act, by a vote of 271-145: “For an Arkansas family, purchasing a home is one of the most important events, and the last things they want are hidden costs and fees. Arkansas families can breathe a little easier tonight because my bill that passed the House eases… Read more »

Congressman French Hill (AR-02) issued the following statement after supporting the World Bank Accountability Act: “The World Bank’s extravagant and unaccountable spending practices have been in conflict with the values of Arkansans and Americans for far too long. This bill helps put an end to sending hard-earned American dollars to despots and corrupt regimes, stop the culture of… Read more »

Today, Congressman French Hill (AR-02) introduced the Volcker Rule Regulatory Harmonization Act of 2018, H.R. 4790, to increase enhanced coordination among the federal banking regulatory agencies as it relates to the Volcker Rule. Congressman Hill, the Majority Whip of the House Committee on Financial Services, issued the following statement: “As a former community banker, I have dealt… Read more »

This morning, the Federal Housing Finance Agency (FHFA) and the U.S. Treasury Department announced an agreement that deprives taxpayers of the compensation they are entitled to under the current conservatorships of Fannie Mae and Freddie Mac – both Government-Sponsored Enterprises (GSEs).  This agreement modifies the prudent practice of the Obama Treasury Department that determines… Read more »