Arkansas congressman's measure aims to aid helpful banks By The ADG WASHINGTON -- If U.S. Rep. French Hill has his way, bankers who help law enforcement agencies by keeping suspicious accounts open won't have to worry about being sanctioned for their assistance. The Republican from Little Rock, himself a former banker, has introduced legislation providing banks safe harbor from regulators in these instances. The House passed the legislation last week. It now heads to the U.S. Senate. The House p...
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Rep. Hill recognizes D.C. Airports Authority with ‘award’ for most frivolous waste of money Transportation Today 03/14/2019 U.S. Rep. French Hill (R-AR) went after the Metropolitan Washington Airports Authority (MWAA) this week, naming them a recipient of his Golden Fleece Award — a recognition meant to emphasize the biggest waste of taxpayer funds each month. His reasoning revolved around delays to the completion of the Silver Line Metro’s phase 2, which will reportedly add another $95 million ...
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Congress re-examines bill that would expose beneficial owners of LLCs The Real Deal 03/13/2019 A bill that would require anonymous LLCs to disclose their beneficial owners is back on the table. Congresswoman Carolyn Maloney, of New York’s 12th congressional district, presented a draft of the Corporate Transparency Act of 2019 during a congressional hearing on Wednesday. Under the bill, corporations and LLCs would be required to disclose their beneficial owners to the Financial Crimes Enforcement...
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Click on the picture above to watch Rep. Hill's questions from today's Financial Services Committee Hearing. WASHINGTON D.C. — Today, Congressman French Hill (AR-02) participated in a House Financial Services Committee hearing where he questioned the President and Chief Executive Officer of Wells Fargo & Company, Timothy J. Sloan, on changes made to the bank's internal oversight practices and sales incentives following past consumer abuses and misconduct. Key Excerpts: Congressman French Hill: ...
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WASHINGTON D.C. — Congressman French Hill (AR-02) named the Metropolitan Washington Airports Authority (MWAA) as the latest recipient of the Golden Fleece Award for continued delays to completion of Silver Line Phase 2, resulting in millions of dollars in extra costs to taxpayers. “The federal government must be better stewards of hardworking taxpayers’ dollars, and double spending because of mistakes simply is not acceptable," said Congressman Hill. "The costs are more than monetary because re...
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WASHINGTON D.C. — Today, by a vote of 404-7, the House passed bipartisan legislation introduced by Congressman French Hill (AR-02), H.R. 758, the Cooperate with Law Enforcement Agencies and Watch Act. This legislation provides protections for financial institutions against regulatory agency backlash due to cooperation with a federal or state law enforcement agency. Following passage of the bill, Congressman Hill issued the following statement: “As a former community banker, I have dealt with th...
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WASHINGTON D.C. —Today, Congressman French Hill (AR-02), released the following statement after voting against H.R. 1, the For the People Act, unconstitutional legislation that attempts to federalize national elections and undermines the integrity of America’s election process: “The power of the vote is the cornerstone of our Republic. Enshrined in our Constitution, individual states have the primary responsibility to set the ‘times, places, and manner’ of Congressional elections. However, the f...
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WASHINGTON D.C. —Today, Congressman French Hill (AR-02), Vice Co-Chair of the bipartisan Historically Black Colleges and Universities (HBCU) Caucus, addressed the second annual HBCU Science, Technology, Engineering, Art, and Mathematics (STEAM) Day of Action on Capitol Hill. This annual event brings together education leaders, tech companies, and members of Congress for a day of advocacy for America’s 102 HBCUs and their 300,000 students. “Little Rock, Arkansas is proud to be home to three outs...
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WASHINGTON, D.C. — On Monday, Congressman French Hill (AR-02) spoke from the House floor in support of interim Venezuelan President Juan Guaidó and called on Nicolás Maduro to step down. Click on the picture below to watch his full remarks from the House floor. Rep. Hill's remarks, as prepared, are copied below: "I rise today to address the ongoing humanitarian crisis in Venezuela: and the ineffective, inhumane, and irresponsible actions of the Maduro Government. For years, Venezuela’s United So...
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by Noel Oman | March 5, 2019 at 1:54 a.m. | Arkansas Democrat-Gazette The public protection division in Attorney General Leslie Rutledge's office identified more than 21,000 instances in which Arkansans were harmed by Wells Fargo Bank, which said in December that it would pay $575 million to resolve investigations by Arkansas, the 49 other states and Washington, D.C. The investigations grew out of the company's disclosure in 2016 that bank employees, under pressure to reach sales goals, created ...
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