The House Financial Services Committee, under the leadership of Chairman French Hill, has announced a busy schedule for March 2025, addressing critical aspects of the financial service sector. These include hearings and discussions focused on monetary policy, housing supply, community banking, and digital asset regulation.
A hearing of the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force, entitled “Examining Monetary Policy and Economic Opportunity,” is scheduled for Tuesday, March 4, 2025, at 10:00 AM ET in the Rayburn House Office Building. This hearing will delve into the complexities of current monetary policy and its impact on economic opportunities within the financial service landscape.
Further expanding their focus on diverse financial service areas, the Housing and Insurance Subcommittee will convene a hearing at 2:00 PM ET on the same day. This hearing, titled “Building Our Future: Increasing Housing Supply in America,” will address the pressing issue of housing supply and its interconnectedness with the broader financial service industry, particularly concerning mortgages and insurance.
In addition to these hearings, the House Financial Services Committee is actively seeking public input on its “Make Community Banking Great Again” principles. Following a recent hearing that assessed the current state of community banking, the committee invites feedback on proposed principles and a series of bills considered during that hearing. The public can submit comments to [email protected] until March 31, 2025. This initiative underscores the committee’s commitment to strengthening community banking within the financial service ecosystem.
Moreover, Chairman Hill, along with Subcommittee Chairmen Meuser, Barr, and Steil, has sent recommendations to the Federal Deposit Insurance Corporation (FDIC) to enhance clarity around digital asset regulations and prevent debanking practices. This action highlights the committee’s proactive approach to adapting financial service regulations to the evolving landscape of digital assets and financial technology.
Building upon this, Chairman Hill and Subcommittee Chairman Steil have jointly published an op-ed emphasizing the critical need for congressional action on digital assets. This piece, featured in Coindesk, stresses the importance of timely legislation to provide a clear regulatory framework for digital assets within the financial service sector.
Through these diverse initiatives, the House Financial Services Committee is demonstrating a comprehensive approach to addressing key challenges and opportunities within the financial service industry in March 2025.
