At His First Financial Services Hearing, Hill Cautions Lax Standards of Fannie Mae and Freddie Mac
Washington, DC,
January 28, 2015
At yesterday’s House Financial Services Committee hearing entitled “Sustainable Housing Finance: An Update from the Federal Housing Finance Agency,” Congressman Hill questioned the Director of the Federal Housing Finance Agency (FHFA) Mel Watt about FHFA’s decision to siphon hardworking Americans’ tax dollars from Fannie Mae and Freddie Mac to support the federal government’s housing trust fund. See full video linked below: WATCH: Congressman Hill Questions FHFA Director Mel Watt About Congressman French Hill J. French Hill, 58, is the 22nd Member of Congress to represent central Arkansas in the U.S. House of Representatives. A ninth generation Arkansan, he was elected on November 4, 2014, and will serve on the U.S. House Committee on Financial Services for the 114th Congress. Prior to his Congressional service, Mr. Hill was actively engaged in the Arkansas business community for two decades as a commercial banker and investment manager, and was founder, chairman, and chief executive officer of Delta Trust & Banking Corp in Little Rock. Prior to his community banking work in Arkansas, Mr. Hill served as a senior official in the administration of President George H.W. Bush. Prior to his Executive Branch Service, from 1982-84, Mr. Hill served on the staff of then-U.S. Senator John Tower (R-TX) as well as on the staff of the U.S. Senate Committee on Banking, Housing & Urban Affairs. Mr. Hill is a magna cum laude graduate in Economics from Vanderbilt University. He is married to the former Martha McKenzie of Dallas, Texas, and they have a daughter, Sarah Elizabeth McKenzie Hill, and a son, William Payne Hill. The Hill family resides in Little Rock. |
