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 how taxpayers are compensated for the continued risk of their financial backing of the failed GSEs. Under the new pr...
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Congressman French Hill (AR-02) issued the following statement after voting in support of the Conference Report to accompany H.R. 1, the Tax Cuts and Jobs Act, which passed the House: “The House has achieved a major victory by passing tax reform legislation to help hardworking Arkansas families can keep more of their hard-earned dollars, to bring jobs back home, and to create new jobs. Reforming our broken tax code is about providing better opportunities for our children and grandchildren to suc...
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Congressman French Hill (AR-02) issued the following statement after supporting H.R. 3312, the Systemic Risk Designation Improvement Act of 2017: “I am pleased to support this measure to remove one more Dodd-Frank creation that has penalized and burdened our banks through a completely arbitrary asset threshold of $50 billion to designate firms as ‘systemically important financial institutions.’ This provision was created by plucking a number out of thin air – without regard to the actual busines...
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Middle East and North Africa Subcommittee Chairwoman Ileana Ros-Lehtinen (FL-27), Middle East and North Africa Subcommittee Ranking Member Ted Deutch (FL-22), Congressman David N. Cicilline (RI-01), and Congressman French Hill (AR-02) led 71 of their House colleagues in asking Vice President Mike Pence to hold the Egyptian government accountable for systemic human rights violations during a scheduled meeting in Cairo this week. “For decades American foreign policy has been based on promotion of...
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Congressman French Hill (AR-02) issued the following statement after supporting two pieces of legislation to provide stronger oversight over Iran’s financial transactions in an effort to stop Iran’s sponsorship of terrorism: “I am pleased that, as a member of the House Financial Services Committee, I have the opportunity work on legislation that has a direct effect on the safety and protection of Arkansas and American families. This rogue regime poses one of the greatest threats to our nation an...
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Congressman French Hill (R-AR) named the Office of Personnel Management (OPM) as the latest winner of the Golden Fleece award for wasteful spending on an idle data warehouse. OPM has spent over $10 million to build a data warehouse for health claims data from beneficiaries of the Federal Employees Health Benefits Program (FEHB), data that OPM does not have, according to a recent Politico article. “For an agency that reveals the misuse of tax dollars within the federal government, OPM missed thei...
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Congressman French Hill (AR-02) issued the following statement after President Trump signed the National Defense Authorization Act (NDAA) into law: “I appreciate President Trump signing into law a bill that continues our support for Arkansans - and their families - serving in our nation’s military. This is the fifty-fourth consecutive year that Congress has worked in a bipartisan fashion to ensure funding for vital functions of our armed forces. This includes more than $200 million for moderniza...
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Congressman French Hill (AR-02) introduced H.R. 4560, the GSE Jumpstart Reauthorization Act of 2017. This legislation would extend an existing prohibition while preventing the U.S. Treasury Department from selling its Government-Sponsored Enterprise (GSE) preferred shares. It also would require the GSEs to pay dividends to the Treasury Department prior to making payments to the Housing Trust Fund for that year. “By allowing the GSEs to retain earnings is beside the point,” said. Rep. Hill. “The ...
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Today, Congressman French Hill (AR-02) issued the following statement after voting to fund the federal government through December 22, 2017: “We’ve already done our job in the House by passing all twelve government funding bills this year, but the Senate hasn’t done their job by passing any of them. In addition to these twelve funding bills, the House has also successfully passed reforms to the National Flood Insurance Program (NFIP) and reauthorized the critically important funding for the Chi...
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Congressman French Hill (AR-02) issued the following statement after voting for legislation that upholds the Second Amendment: “The right to bear arms is firmly established by our Constitution, and that right should extend across state lines. After being robbed twice and fearing for her and her children’s safety, Shaneen Allen obtained her concealed carry permit in Pennsylvania and legally purchased a firearm. When she traveled from Pennsylvania to New Jersey, she was stopped by a State Trooper ...
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