Press Releases

WASHINGTON, D.C. —Today, the House Financial Services Committee selected Congressmen French Hill (AR-02), to serve as the Ranking Member of the Subcommittee on National Security, International Development, and Monetary Policy. In this capacity, Congressman Hill will serve as the lead Republican on the subcommittee.

“Since first arriving into office five years ago, I’ve worked to advance the idea that Arkansans are better off, both at home and abroad, when the United States leads on the global stage,” said Congressman Hill. “This includes not only enacting monetary policies that support American exports and jobs but also putting in place sanctions that strengthen our national security. Reliable and intelligent U.S. engagement in the world matters now more than ever.

“In the past six months alone, I have sat down with international counterparts in Japan, South Korea, Colombia, Portugal, Hungary, and the United Kingdom discussing how to further our trading partnerships, crack down on North Korea’s nuclear program, and combat the illicit drug trade flowing from South and Central America. The United States and our allies face many challenges across the globe, and I believe that having an engagement plan that promotes pro-growth monetary policies and defeats authoritarianism will economically benefit all nations. I look forward to working with Congressman Cleaver to find bipartisan solutions that continue strengthening our economy and national security.”

“Ranking Member Hill has provided invaluable insight as the Republican leader of both the Task Force on Financial Technology and Artificial Intelligence.” said Ranking Member Patrick McHenry. “His commitment to pro-growth policies that benefit American workers and ability to reach across the aisle on important issues, like fostering American competitiveness, make him the ideal fit to lead this critical subcommittee. I look forward to continuing to work with him in this new capacity.”  

Background:

The Subcommittee on National Security, International Development, and Monetary Policy has jurisdiction over legislation in the House pertaining to:

• The impact of monetary policy on the economy, including financial action on interest rates, the allocation of credit, and the structure of domestic financial institutions;
  
  
• International trade;
  
  
• Oversight of agencies tasked with combating the financing of terrorism (CFT) and enforcing anti-money laundering (AML) laws;
  
  
• The Export-Import Bank, International Monetary Fund (IMF), and the World Bank;
  
  
• Combating the funding of weapons proliferation, human trafficking, and illicit drugs from flowing into communities across the nation.