J. French Hill
Representative for Arkansas · Republican · United States
“Mr. Speaker, I thank Mr. McCaul, and I thank Chairman Mast for their work. Mr. Speaker, for the past decade, and certainly since February 2022, I have consistently advocated for arming the Ukrainians and placing effective sanctions on Russia. My record of supporting Ukraine is strong.”
House of Representatives16 September 2026Source ↗
“I share concerns that the tariffs in the bill could backfire. They could harm our trading partners while sparing the main importers of Russian oil like China. The risk of the bill is that an important economy like China could be spared, but tariffs could be used aggressively on smaller U.S. allies.”
House of Representatives16 September 2026Source ↗
“We want to deliver today a loud, resounding message to the Kremlin: End this war. Get out of Ukraine. Focus on rebuilding your shattered international reputation and your destroyed economy. Mr. Speaker, I urge my colleagues to support the bill, and I thank Mr. McCaul for his persistent leadership.”
House of Representatives16 September 2026Source ↗
“As chief, Helton implemented the city's comprehensive crime reduction strategy, leading to 4 consecutive years of falling crime. Violent crime has declined by 15 percent under his tenure. Chief Helton is an inspired choice to help shape the law enforcement training standards for Arkansas.”
House of Representatives23 July 2026Source ↗
“The second is the Chappell Armory in Arkansas, which was built for traditional drilling units but currently operates as a full-time headquarters. Amendment No. 158 seeks a no-cost land exchange between the Arkansas National Guard and USAR.”
House of Representatives22 July 2026Source ↗
“Mr. Chair, I rise in support of Amendment No. 158. Amendment No. 158 is extremely important to the Arkansas National Guard. That is why I am grateful to have the support of my Arkansas colleagues, Rep. Steve Womack and Rep. Rick Crawford.”
House of Representatives22 July 2026Source ↗
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“We want to deliver today a loud, resounding message to the Kremlin: End this war. Get out of Ukraine. Focus on rebuilding your shattered international reputation and your destroyed economy. Mr. Speaker, I urge my colleagues to support the bill, and I thank Mr. McCaul for his persistent leadership.”
House of Representatives16 September 2026Source ↗
“I share concerns that the tariffs in the bill could backfire. They could harm our trading partners while sparing the main importers of Russian oil like China. The risk of the bill is that an important economy like China could be spared, but tariffs could be used aggressively on smaller U.S. allies. In my view, on these financial points, Congressman Nunn's PEACE Act, which the Financial Services Committee passed virtually unanimously on a bipartisan basis, would be a better design. The bill would cut off Russian energy revenues and channel billions of Russian money to help Ukrainians. Despite these design shortcomings I have outlined, I urge a ``yes'' vote today. I also urge this House floor to bring the PEACE Act up on suspension, and let's really stick it to the Russians.”
House of Representatives16 September 2026Source ↗
“Mr. Speaker, I thank Mr. McCaul, and I thank Chairman Mast for their work. Mr. Speaker, for the past decade, and certainly since February 2022, I have consistently advocated for arming the Ukrainians and placing effective sanctions on Russia. My record of supporting Ukraine is strong. Unfortunately, today we are, once again, in my view, presented with a bill that certainly could be better designed, and those points have been made. For example, the sanctions provisions in this bill lack full strategic discipline. The secondary bank sanctions in this bill only target foreign national institutions doing business with sanctioned Russian banks, which can be irrelevant when Russia is clearing energy transactions offshore. Markets have shown little reaction to the bill in terms of the Urals crude price to the Brent price.”
House of Representatives16 September 2026Source ↗
“As chief, Helton implemented the city's comprehensive crime reduction strategy, leading to 4 consecutive years of falling crime. Violent crime has declined by 15 percent under his tenure. Chief Helton is an inspired choice to help shape the law enforcement training standards for Arkansas. His proven leadership will serve Arkansas well as he trains that next generation of officers. Mr. Speaker, I join all central Arkansans in thanking Chief Helton for his service, and I wish him continued success as he works to make Arkansas a safe place to live, work, and raise a family. ____________________”
House of Representatives23 July 2026Source ↗
“I agree with the Arkansas National Guard and that is why I urge my colleagues to support Amendment No. 311.”
House of Representatives22 July 2026Source ↗
“Mr. Chair, I rise in support of Rep. Steve Womack's Amendment No. 311, that I am proud to cosponsor. Amendment No. 311 seeks to maximize taxpayer value by directing the Department of Defense to conduct and publish a cost comparison study for future F-35 basing locations for aircraft receiving first delivery between Fiscal Year 2030 and Fiscal Year 2035. As you may know, the next round of F-35 basing decisions is expected in the next 24 months. This study is critical to arm military decision-makers with objective, data-driven analysis before that decision is made. The Arkansas National Guard believes that this study is critical to ensuring a complete understanding of the current mission and personnel before future F-35 basing decisions are made.”
House of Representatives22 July 2026Source ↗
“That is why it is critical for the GAO to conduct this review, as it can inform and better unify efforts among federal partners, state-level defenders, and other critical stakeholders to ensure faster warning, mitigation, incident response, and better defense of our critical infrastructure. This amendment is extremely important to central Arkansas and the Arkansas National Guard. It is also extremely important to our national security and cyber health. I urge my colleagues to support Amendment No. 156.”
House of Representatives22 July 2026Source ↗
“Mr. Chair, I rise to speak in support of Amendment No. 156. My amendment directs the Government Accountability Office (GAO) to conduct a review of the quality and effectiveness of the Department of Defense's cyber intelligence sharing with state, local, Tribal, territorial, and private-sector partners. I drafted this amendment with the Arkansas National Guard to ensure we analyze cyber information sharing to learn how to stop and mitigate cyber threats for homeland defense. As you may know, the National Guard is uniquely positioned by its capabilities, geography, and manpower to add resilience to integrated critical infrastructure dependencies.”
House of Representatives22 July 2026Source ↗
“The second is the Chappell Armory in Arkansas, which was built for traditional drilling units but currently operates as a full-time headquarters. Amendment No. 158 seeks a no-cost land exchange between the Arkansas National Guard and USAR. This would result in a mutually beneficial outcome and ensure better stewardship of taxpayer dollars. The Arkansas National Guard and the U.S. Army Reserve support the conveyance. I am pleased that there has been a signed a Memorandum of Agreement (MOA) between Brigadier General Bridges of the Arkansas Guard and Brigadier General Cook of the Army Reserves. Amendment No. 158 directly relates to the signed MOA, and it ensures the necessary continuity and stability for the proposed land exchange. I urge my colleagues to support this amendment.”
House of Representatives22 July 2026Source ↗
“Mr. Chair, I rise in support of Amendment No. 158. Amendment No. 158 is extremely important to the Arkansas National Guard. That is why I am grateful to have the support of my Arkansas colleagues, Rep. Steve Womack and Rep. Rick Crawford. This amendment supports the Arkansas National Guard by seeking to codify the proposed land exchange between the Arkansas National Guard and the U.S. Army Reserve on Camp Robinson in North Little Rock. Currently, there is a strategic mismatch in facility use for the Arkansas National Guard and the USAR on Camp Robinson. The land exchange will include a two-star division headquarters at Camp Pike, currently occupied by a drilling unit with minimal full-time staff, a unit whose needs would be far better served by an armory.”
House of Representatives22 July 2026Source ↗
“The National Bankers Association, our national association for African-American bankers, wrote a letter for this bill. {time} 1350 Mr. Speaker, this bill has overwhelming support to increase competition and help our community banks thrive and succeed, which means our towns will thrive and succeed. In closing, Mr. Speaker, I urge everyone on both sides of the aisle to support this bill. Echo Alexander Hamilton, our first Secretary of the Treasury, when he said that our banks in this early founding of our Nation are the nurseries of our national wealth. Mr. Speaker, today, 250 years later, long after the adoption of our government, our community banks, our credit unions, they are the nurseries of the national wealth that help our families and our businesses succeed. I urge a ``yes'' vote, and I yield back the balance of my time.”
House of Representatives21 July 2026Source ↗
“Speaker, is aimed at. If you have a concern that your exam was unfair, we return some fairness in the exam process. You can go and actually question, was my exam fair or not? Whose idea was that, Mr. Speaker? Democrat from Michigan Don Riegle, U.S. Senator, 1995. Was it ever implemented? No, but it will be implemented when this bill becomes law. This bill is focused on more capital, more deposits, more business, more success for our community banks, which in turn helps every one of our towns in this country. Who is for it? Community development financial institutions, our CDFIs, have bipartisan support. They are for this bill. Our community development officials across the Nation are for this bill, as they were for the housing bill.”
House of Representatives21 July 2026Source ↗
“If you are a small, well-managed bank under $6 billion, you get some relief, Mr. Speaker. If you are well-managed, have good capital, you can help schedule your exams. I was with a community banker in North Carolina this week. The bank is smaller than $500 million, and I said, how are things going? He said, it is going great except when I have five exams in a row and then the loan pipeline goes to zero. Because, guess what, I am the chief loan officer and the chief compliance officer in this small bank, and when my community bank is filled with bank examiners for an IT exam, a trust exam, an investment exam, an AML, anti-money laundering, and Bank Secrecy Act exam, a loan quality exam, a consumer compliance exam, I can't make loans. If you are well-managed and have high capital, you get some relief in this bill. That is who this bill, Mr.”
House of Representatives21 July 2026Source ↗
“In Congress, you can't put together the kinds of successful legislative packages that the House Financial Services Committee has done in this Congress without a very hardworking and competent staff. I thank them on both sides of the aisle. I thanked Andy Barr, our majority subcommittee chair, a few minutes ago, but I will also thank Dr. Bill Foster of Illinois, who serves as the ranking member on our Subcommittee on Financial Institutions for his collaboration with Mr. Barr on this succesful bill. Mr. Speaker, I heard a lot of charges about this bill, that somehow this bill benefits Wall Street versus Main Street, and I just couldn't disagree more. I noted that two-thirds of these bills have strong Democratic support, along with our Republicans. Secondly, there is nothing in this bill that weakens consumer compliance.”
House of Representatives21 July 2026Source ↗
“Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, first, before I start, I thank the ranking member and the committee members on her side of the aisle for their work with us on developing this bill over many months. Mr. Speaker, two-thirds of the bills in this package that we are voting on, the Main Street Capital Access Act, are supported by Members on the Democratic side of the aisle. This is a truly bipartisan package of bills. We have significant work and support from individual Members on the Democratic side of the aisle in partnership with House Republicans. I also thank Maura Woosley, who is the majority staff director, Jae Jang, and their entire team in the majority working with the minority staff, and the minority staff to craft this package.”
House of Representatives21 July 2026Source ↗
“Mr. Speaker, I yield 1 minute to the gentleman from the beautiful territory of Guam (Mr. Moylan). He has a strong background in financial services, healthcare, business, and insurance.”
House of Representatives21 July 2026Source ↗
“Meuser), who understands finance from both the point of view of one of our biggest and most industrial States, Pennsylvania, having been a statewide officer as well as a highly successful manufacturer and entrepreneur. Mr. Meuser is the chair of our Oversight and Investigations Subcommittee.”
House of Representatives21 July 2026Source ↗
“Waters in the housing bill, and we have two in this bill that encourage start-up banks and encourage the regulators to work and have a better strategy for start- up financial institutions because that means that they can meet the growth. What does that do, Mr. Speaker? It increases competition for the biggest companies because they are close to customers, they have a business strategy, and they are unique to the marketplace. That is another example of how this bill is, in fact, counter to the assertion that it is only geared towards Wall Street institutions. Mr. Speaker, I yield 2 minutes to the gentleman from Pennsylvania (Mr.”
House of Representatives21 July 2026Source ↗
“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I thank Mr. Loudermilk who spoke a moment ago. The vice chairman of our Subcommittee on Financial Institutions made a very good point also about how this bill strengthens competition. Chairman Andy Barr of Kentucky, Ranking Member Waters of California, and Mr. Loudermilk all mentioned the importance of encouraging de novo banks, meaning start-up banks, particularly in our fast-growing communities that have seen disproportionate business and population growth, like south Florida or other places across the Nation. All three of those Members have something in common, which is they support greater de novo provisions. We had Ms.”
House of Representatives21 July 2026Source ↗
“You want them to be able to buy a failing bank on their own or with partners to compete with the biggest banks in the country who are just simply given banks that need resolution at the FDIC. If a small bank fails in some State, they just let the big banks bid on them. This bill creates competition. Chairman Barr walked through that. This actually increases the chance for entrepreneurs to acquire, unfortunately at the demise of a local bank, so that it is not sold to some big Wall Street lender. I could go on with all the benefits of this bill that is tailored and focused on the growth and success of our Main Street institutions, but I can think of no better person to help me make that case than the next speaker. Mr. Speaker, I yield 2 minutes to the gentleman from Georgia (Mr.”
House of Representatives21 July 2026Source ↗
“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, let me address that comment that the ranking member has articulated, which is that somehow this bill reduces the power of community banks to compete with the big, globally systemic banks that she described. I would really argue just the contrast. This bill tailors the regulatory compliance so that a bank with a straightforward, simple business plan that is well managed, that is well capitalized can have a lower tailored compliance cost compared to the one-size-fits-all approach that was a part of Dodd-Frank aimed at those big, Wall Street globally systemic banks. Secondly, if you don't want them to grow, then you want community banks to have access to more capital. That is offered in this bill. You want them to be more successful. That is offered in this bill.”
House of Representatives21 July 2026Source ↗
“Mr. Speaker, our next speaker has worked in this House for over a decade, speaking on behalf of Main Street Michigan. From that real estate community, from his own background, his own business entrepreneurship and that of his family, he knows the value of how our local financial institutions help grow an economy and have more opportunities. Mr. Speaker, I yield 2 minutes to the gentleman from Michigan (Mr. Huizenga), the vice chairman of the House Committee on Financial Services.”
House of Representatives21 July 2026Source ↗
“Mr. Speaker, our next speaker has worked tirelessly to assemble this package of bills that will help our Main Street banks and credit unions thrive, grow, better serve their customers, and, in turn, be able to see their local economies benefit. Mr. Speaker, I yield 5 minutes to the gentleman from Kentucky (Mr. Barr), the chairman of the Subcommittee on Financial Institutions.”
House of Representatives21 July 2026Source ↗
“I thank my colleague again, my friend, the chairman of our Subcommittee on Financial Institutions, the gentleman from Kentucky (Mr. Barr), for his tireless efforts in developing this bill and his commitment to strengthening community banking, not only in Kentucky but across our Nation. Mr. Speaker, I also thank his hardworking colleague who has spent hours tirelessly thinking through the best approach to these provisions, and that is the gentleman from Illinois (Mr. Foster) of Chicago. Their collaboration will benefit our country, and I hope that we see a strong, bipartisan vote on this bill in this Chamber today. Mr. Speaker, I urge my colleagues to support this bill, and I reserve the balance of my time.”
House of Representatives21 July 2026Source ↗
“It brings this commonsense tailoring back to regulation. It restores fairness and transparency in bank supervision. It helps banks attract, retain, and diversify important funding sources from sources of deposits, and it removes unnecessary barriers that have limited lending in communities across this country. Mr. Speaker, with all of this effort, we have seen solid bipartisan support, input, and leadership in developing this bill. Expanding access to capital strengthens our local economies. It gives entrepreneurs the confidence to invest, businesses the ability to grow, and families the opportunity to build long-term wealth through that most abundant of American dreams: owning their own home. When Main Street banks succeed, our communities thrive.”
House of Representatives21 July 2026Source ↗
“{time} 1450 Recently, the 21st Century ROAD to Housing Act, which became law, contained nine community banking provisions that provided this sort of thematic, clear, needed relief to America's local lenders and expanded financing for both residential mortgages and housing construction and development. These measures that we are debating today in the Main Street Capital Access Act were in that same philosophy of what we just overwhelmingly passed in both Chambers just a few days ago. Mr. Speaker, I say today that we are building on the success of our 21st Century ROAD to Housing Act with Main Street Capital Access Act. We are expanding access to capital, supporting American businesses, and ensuring our financial system remains the most dynamic and diverse in the world. This bill delivers on those goals. It spurs formation of new banks.”
House of Representatives21 July 2026Source ↗
“Speaker, too often now spend more time on check-the-box compliance requirements rather than serving their communities. When I made my presentation to our party here in the House to chair our Committee on Financial Services, I said that the impact of Dodd- Frank and other rules had focused Main Street bank presidents staying up all night worrying, not about their loan pipeline, not about where to get their next lending officer. Instead, they are up all night wondering how they can afford another compliance officer to try to meet this standard that is, in my judgment, unreasonable for a small, straightforward, local bank. Our committee Republicans, with their great leadership from our subcommittee chair, Andy Barr of Kentucky, have worked mightily over the years to find a bipartisan set of solutions to exactly the problem I outline today.”
House of Representatives21 July 2026Source ↗
“The Dodd-Frank Act, passed in the heat and horror of the global financial crisis, took the approach that many community and midsize banks across our Nation were faced with the same rules and the same level of scrutiny of the largest, most systemically important institutions. It was just too much, Mr. Speaker. That approach, that overkill, has stifled local lending, constrained economic growth, accelerated industry consolidation--something I hear about from Members on both sides of the aisle all the time--and pushed important financing activity for both families and businesses out of the regulated financial sector. Again, I don't believe that was a goal by the proponents of Dodd-Frank after the financial crisis. Our local lenders, Mr.”
House of Representatives21 July 2026Source ↗
“Even to this day, almost three decades later, I smile driving by that restaurant location that I helped grow or driving by a building or a shopping center or a doctor's practice that our small bank helped finance--finance its construction, finance its future, finance its home for those employees. Community banks make that possible, and this bipartisan Main Street Capital Access Act gives them the tools they need to keep capital flowing where it is needed most up and down our main streets in our beautiful country. For decades, Washington has made it harder for community banks to thrive and operate efficiently.”
House of Representatives21 July 2026Source ↗
“Community banks and hometown credit unions know their customers. They understand the needs of their communities, and they keep capital flowing where it is needed most. When a family is trying to buy their first home, they often walk into the offices of a community bank where that lender knows them, recognizes their goals, and is invested in their success. Mr. Speaker, as I have said on this House floor many times this year, our banks under $10 billion make 6 out of 10 home construction loans. When a local farmer or entrepreneur needs the capital to expand or initiate their crop for the year, they need someone who understands their particular business and is committed to seeing them succeed and, thereby, their communities succeed. I loved my role as a hometown Main Street community banker and investor.”
House of Representatives21 July 2026Source ↗
“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in strong support of the Main Street Capital Access Act. As a former community bank founder and CEO in my hometown of Little Rock, Arkansas, I have seen firsthand the important role that our community banks and credit unions play to drive the economic engine of America and help Main Street grow and thrive. During the financial crisis, they were there. During the COVID pandemic, they were there, staying up all night to close emergency paycheck protection loans. Every Member of this body knows this and knows it well. They have their own story from their own town about how that local financial institution was there for a customer, for a family, to help a startup, to help a business or restaurant cope with the pandemic.”
House of Representatives21 July 2026Source ↗
“Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days to revise and extend their remarks and include extraneous material on this bill.”
House of Representatives21 July 2026Source ↗
“The bill, as amended, shall be debatable for 1 hour, equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services, or their respective designees. The gentleman from Arkansas (Mr. Hill) and the gentlewoman from California (Ms. Waters) will each control 30 minutes. The Chair now recognizes the gentleman from Arkansas (Mr. Hill). General Leave”
House of Representatives21 July 2026Source ↗
“Mr. Speaker, pursuant to House Resolution 1438, I call up the bill (H.R. 6955) and ask for its immediate consideration by the House.”
House of Representatives21 July 2026Source ↗
“Mr. Speaker, I yield myself the balance of my time. I thank my colleagues on both sides of the aisle for this debate. I thank Mr. Moore for writing this bill, drafting it, persuading the support that he has. I urge all Members on both sides of the aisle to support this bill in the name of privacy in the United States. Mr. Speaker, I yield back the balance of my time.”
House of Representatives14 July 2026Source ↗
“Mr. Speaker, I yield 4 minutes to the gentleman from Kentucky (Mr. Barr), who chairs the Subcommittee on Financial Institutions and Monetary Policy.”
House of Representatives14 July 2026Source ↗
“Importantly, this bill does not interfere with any existing law enforcement authorities, anti-money laundering requirements, fraud prevention efforts, or other obligations designed to protect consumers and safeguard our financial system. H.R. 1181 is a commonsense measure that simply safeguards financial privacy while maintaining the integrity of our Nation's payment network. I urge all my colleagues to support the legislation, and I reserve the balance of my time.”
House of Representatives14 July 2026Source ↗
“The Protecting Privacy in Purchases Act provides important protections for consumers by preventing the misuse of payment systems to monitor lawful purchasing activity. Consumers should not have to sacrifice their financial privacy in order to participate in our modern economy. Protecting financial privacy helps reinforce confidence in the institutions and infrastructure that our payment systems operate around. Americans should be able to participate in the economy with confidence that their lawful transactions are simply being processed, not tracked or categorized or scrutinized beyond what is never necessary to essentially facilitate the payment. This bill helps preserve the integrity of that payment system by keeping it focused on facilitating commerce and efficient movement of funds.”
House of Representatives14 July 2026Source ↗
“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in support of Mr. Moore's Protecting Privacy in Purchases Act. Financial privacy is fundamental to consumer trust and confidence in our financial system. As technology continues to transform financial services, protecting Americans' financial privacy remains an essential part of Congress' oversight role. Merchant category codes were designed to help process transactions, not create mechanisms for tracking or categorizing lawful purchases. Maintaining trust in the payment system requires clear safeguards to ensure that these tools are used for commerce, not consumer surveillance. H.R. 1181 establishes those safeguards by preventing payment card networks and processors from using merchant category codes to target firearms retailers and their customers.”
House of Representatives14 July 2026Source ↗
“Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days to revise and extend their remarks and include extraneous material on this measure.”
House of Representatives14 July 2026Source ↗
“Mr. Speaker, pursuant to House Resolution 1423, I call up the bill (H.R. 1181) to prohibit payment card networks and covered entities from requiring the use of or assigning merchant category codes that distinguish a firearms retailer from general- merchandise retailer or sporting-goods retailer, and for other purposes, and ask for its immediate consideration in the House.”
House of Representatives14 July 2026Source ↗
“Mr. Speaker, I urge a ``yes'' vote on the bill. I appreciate the work on both sides of the aisle, and I yield back the balance of my time.”
House of Representatives14 July 2026Source ↗
“Mr. Speaker, I urge Members on both sides of the aisle to vote ``yes'' on this measure. I reserve the balance of my time.”
House of Representatives14 July 2026Source ↗
“That means that it is very hard to compete with them. What the gentleman from Massachusetts (Mr. Lynch) has proposed is let us have more bidding for those failed banks by crafting a process that is transparent that Congress oversees, Congress outlines the guardrails, where smaller banks could team up with other capital sources and bid for one of those failed banks and end up being in a much more competitive process. What the government gets is a more diversified, more competitive banking system instead of the default winner being one of the big five existing financial institutions. I thank the gentleman from Massachusetts (Mr. Lynch) for his work on this legislation. I thank Chairman Barr of our Financial Institutions Subcommittee and Ranking Member Waters for bringing our bipartisan team together on the committee in advancing this bill.”
House of Representatives14 July 2026Source ↗
“After the resolution of the savings and loan bank crisis and all the other related bank failures of the 1980s and very early 1990s, the government said, look, this is out of hand, and we want to enforce a least cost resolution process when a bank fails, meaning we don't want to lose more money after the closing by trying to keep these banks open. So they offered this ability that whoever paid the highest price, thus the least cost to the taxpayers, was the winner, which is good policy. However, now it is 30 years later, and the largest banks in the country, as outlined by the gentleman from Massachusetts (Mr. Lynch), have a disproportionate ability to bid $1 more and thus be the least cost to the taxpayer--or maybe after the last debate one penny more-- and be the least cost to the taxpayer.”
House of Representatives14 July 2026Source ↗
“Lynch) for his leadership on this legislation, and I urge my colleagues on both sides of the aisle to support H.R. 6556. Mr. Speaker, I reserve the balance of my time.”
House of Representatives14 July 2026Source ↗
“This legislation includes critical guardrails, such as requiring regulators to report to Congress within 30 days of a waiver on why the waiver was granted, why other qualified alternatives were not selected, and any recommendations for legislative or regulatory changes to improve competition for future bank resolutions. That transparency helps to ensure that these decisions are made in the best interests of depositors; our financial system at large; and, of course, the American people. This is a practical, bipartisan reform that strengthens oversight, promotes competition, and reinforces confidence in the bank resolution process, while preserving regulators' ability to respond to bank failures. Mr. Speaker, I thank my friend from Massachusetts (Mr.”
House of Representatives14 July 2026Source ↗
“Mr. Speaker, I rise in strong support of H.R. 6556, the Failing Bank Acquisition Fairness Act, offered by my friend from Massachusetts. When a bank fails, regulators need to move fast to protect depositors, preserve confidence in our financial system, consider potential buyers, and minimize disruption to families, businesses, and communities. All of that often takes place in a very short period of time, between Friday at close of business and Monday morning at opening for business. At that same time, those decisions should be made by a process that is fair, transparent, and promotes competition. Under current law, Federal regulators are generally prohibited from approving a merger or acquisition of a failed or failing bank if the resulting institution would control more than 10 percent or more of deposits nationwide.”
House of Representatives14 July 2026Source ↗
“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I include in the Record the Congressional Budget Office score for this bill. EFFECTS ON DIRECT SPENDING AND REVENUES OF LEGISLATION CONSIDERED UNDER SUSPENSION OF THE RULES IN THE HOUSE OF REPRESENTATIVES WEEK OF JULY 13, 2026 -------------------------------------------------------------------------------------------------------------------------------------------------------- Additional Effect on Direct Information on Suspension Bill Bill Number Title Spending Effect on Revenues Direct Spending and Text at Revenue Effects doc.house.gov -------------------------------------------------------------------------------------------------------------------------------------------------------- H.R. 6556........................”
House of Representatives14 July 2026Source ↗
“Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days to revise and extend their remarks and include extraneous material on this legislation.”
House of Representatives14 July 2026Source ↗