WASHINGTON -- When Republicans unveil their tax overhaul legislation as early as today, investment advisers and retirement planners will be watching carefully for any proposed changes to the 401(k) program. Americans have more than $5 trillion invested in the tax-deferred accounts, which have gained in popularity as businesses have increasingly phased out traditional pension plans. Nationwide, roughly 55 million people participate in the plans, according to the Investment Company Institute, an i...
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Congressman French Hill (AR-02) issued the following statement after House Financial Services Committee Chairman Rep. Jeb Hensarling (R-TX) announced he will retire at the end of his current term: “I congratulate my colleague and, more importantly, my friend for his more than 15 years of public service. Since joining the House in 2015, I have had the pleasure of working under Chairman Hensarling’s exceptional leadership of the Financial Services Committee and continue to admire his dedication t...
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Children need nutritious food to grow and thrive, and they need it every day. One in four Arkansas children faces food insecurity - meaning they are not sure when or where their next meal will come from. In some of our most rural counties, that rate is as high as one in every three children, and over 176,000 children in our state live in food insecure households. Since coming to Congress, one of my top priorities has been working with groups and individuals in Arkansas who are committed to empow...
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Congressman French Hill (R-AR) and Congressman John Lewis (D-GA) have called upon Senate Energy and Natural Resources Committee Chairman Lisa Murkowski (R-AK) and Ranking Member Maria Cantwell (D-WA) to assist in lifting the hold placed on their bill that would expand the historic site at Little Rock Central High School, the site of integration by the Little Rock Nine 60 years ago. Their bill, the Little Rock Central High School National Historic Site Boundary Modification Act, H.R. 2611, would...
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Congressman French Hill (AR-02) issued the following statement after supporting the FY2018 Budget Resolution: “By passing this non-binding budget resolution today, we are paving the way for comprehensive tax reform, moving ahead through the process of budget reconciliation. This is a pivotal step in accomplishing our goal of passing tax reform by the end of the year. While the House passed a budget resolution that had many superior features on spending control and long-term reforms in federal m...
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Congressman French Hill (AR-02) released the following statement after supporting a series of four bills related to countering Iran’s missile program and the Foreign Terrorist Organization known as Hizballah: “In our terrorism and illicit finance subcommittee, we continue to hear testimony that Iran continues to finance their nuclear and conventional weapons programs. We know that the Iran Nuclear Deal did nothing to make Iran our friend and that their nefarious activities and support for terro...
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Congressman French Hill (R-AR) named the Department of Defense (DoD) as the latest winner of the Golden Fleece award for having never conducted a financial audit. An annual financial audit by each federal agency, including DoD, is required by the Chief Financial Officer’s Act of 1990. Further, DoD financial management has been on the Government Accountability Office’s (GAO) “High Risk List” since 1995, and there have been many reports on financial mismanagement and cost overruns at the DoD. "As...
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Congressman French Hill (AR-02) released the following statement after voting in support of legislation that passed out of the House Financial Services Committee and that would impose stronger sanctions on North Korea: “We took action in the House Financial Services Committee to impose stronger sanctions on North Korea. We passed legislation out of the committee with a strong bipartisan vote that would incentivize stricter sanction enforcement by foreign countries and require regular reports on...
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Congressman French Hill (AR-02) issued the following statement after working with colleagues to investigate the recent data breach at Equifax: “My family has had our private, personally identifiable information illegally accessed from both government and private company databases due to fundamental data security failures. Over the past few months, my colleagues and I have been working in the House Financial Services Committee to find the underlying cause of the recent Equifax breach and to lear...
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Posted October 17, 2017 09:43 am BySteve Brawner | Columnist American citizens in Puerto Rico are suffering, but unlike when Hurricane Katrina struck New Orleans, the victims can’t drive across the border to a welcoming state like Arkansas. Texans, Floridians and others are hurting from hurricanes, too, and Californians have lost their homes due to wildfires. In such situations, should members of Congress vote for any aid package, even if they think it’s a bad one? Rep. French Hill, R-Arkansas, ...
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