WASHINGTON, D.C. – Rep. French Hill (AR-02) today issued the following statement after he was appointed Vice-Chairman of the full Committee and as Chair of the Subcommittee on Digital Assets, Financial Technology and Inclusion.
Hill: “I am delighted that in the 118th Congress, I will serve in the pioneering role of the Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion of the House Financial Services Committee. Since joining Congress in 2015, I have been a Member of this Committee and am humbled to continue this important work after having led two Subcommittees, as well as the Task Forces on Financial Technology and Artificial Intelligence.
"At a time of major technological advancement and change in the financial sector, it is our job to work across the aisle and promote responsible innovation while encouraging FinTech innovation to flourish safely and effectively in the United States. I also am proud to serve as the Vice-Chairman of the House Financial Services Committee, and I look forward to supporting Chairman McHenry in our work to promote economic prosperity and deliver on our Commitment to America.”
McHenry: Chairman of the House Financial Services Committee, Rep. Patrick McHenry (NC-10), today also issued the following statement following this announcement.
“I’m proud to announce Congressman French Hill as the Chairman of Congress’ first ever Digital Assets Subcommittee and Vice Chair of the full Committee. As a former community banker and U.S. Treasury official, Congressman Hill has the experience and expertise necessary to tackle this challenging undertaking. French is a team player, which is one of the reasons why there is no one I trust more with one of my top priorities. FinTech—particularly digital assets—holds immense promise as a tool to build a more inclusive financial system. I look forward to working with him to provide clear rules of the road for this ecosystem that protect consumers, while allowing innovation to thrive here in the U.S.”
Further Background:
This Subcommittee will be tasked with the following, among other things:
  • Providing clear rules of the road among federal regulators for the digital asset ecosystem
  • Developing policies that promote financial technology to reach underserved communities
  • Identifying best practices and policies that continue to strengthen diversity and inclusion in the digital asset ecosystem

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