Financial Services GOP

@RepFrenchHill @RepRileyMoore @Jim_Jordan @RepAndyBarr H.R. 1181, the Protecting Privacy in Purchases Act, by @RepRileyMoore, passed the House 221-201.

WATCH: @RepAndyBarr in support of H.R. 1181: “At its core, this bill is about protecting privacy and preventing government surveillance on citizens simply for exercising their constitutionally enshrined Second Amendment rights. H.R. 1181 prohibits payment card networks and financial institutions from requiring or assigning merchant category codes, or MCCs that single out firearm retailers for separate tracking and monitoring.” 📺⬇️

WATCH: @RepRileyMoore in support of H.R. 1181: “My bill preserves two fundamental rights: the right to privacy and the right to bear arms. Americans should not be forced to disclose to payment processors when they buy a firearm. The bill preserves Americans’ rights by prohibiting the creation of a separate merchant category code for firearms. This would, of course, become a de facto gun registry.” 📺⬇️

Today @FinancialCmte hosted Federal Reserve Chairman Kevin Warsh to discuss everyday consumer costs & housing affordability. 🎥Watch my remarks below. youtu.be/5xsF_6rQuew

Housing affordability remains a major challenge for Montana families. That is why I am proud that my Whole-Home Repairs Act was included in the 21st Century ROAD to Housing Act, which became law this week. The legislation creates HUD grants to help low- and moderate-income homeowners and small landlords make essential repairs, strengthen our existing housing stock, and keep more Montana families in their homes.

In @FinancialCmte, we welcomed the new Chairman of the Federal Reserve, Kevin Warsh, and received his semiannual monetary policy report. Today’s hearing focused on discussions of monetary policy, economic conditions, and views on the economy's future path.

PASSED! After 19 years of losing money minting pennies, we’re done. My Common Cents Act has passed the House, ending the wasteful production of a coin that nobody uses.

WATCH: Chairman @RepFrenchHill speaks in support of the Protecting Privacy in Purchases Act: "Maintaining trust in the payments 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.” 📺⬇️

The House is now considering H.R. 1181, the Protecting Privacy in Purchases Act, by @RepRileyMoore.

@RepFrenchHill H.R. 6556, the Failing Bank Acquisition Fairness Act, by @RepStephenLynch, passed the House by voice vote.

WATCH: Chairman @RepFrenchHill speaks in support of the Failing Bank Acquisition Fairness Act: "This legislation helps address the concentration in the U.S. banking sector and promote a more transparent, competitive, and accountable approach to resolving failing banks.” 📺⬇️

The House is now considering H.R. 6556, the Failing Bank Acquisition Fairness Act, by @RepStephenLynch.

@RepFrenchHill @RepLisaMcClain @RepFrankLucas H.R. 3074, the Common Cents Act, by House Republican Conference Chairwomen @RepLisaMcClain, passed the House by voice vote.

WATCH: @RepFrankLucas speaks in support of the Common Cents Act: “2024 was the 19th consecutive year the U.S. government lost money keeping the one-cent piece in circulation. That’s why this year the President rightly ordered the Treasury Department to stop wasting hard-earned taxpayers’ money to produce the coin, and why we’re excited to move forward in codifying this action. The Common Cents Act also gives the flexibility to the Mint to produce a nickel with cheaper materials." 📺⬇️

The House is now considering H.R. 3074, the Common Cents Act, by House Republican Conference Chairwomen @RepLisaMcClain.

WATCH: Chairman @RepFrenchHill discuss the 21st Century ROAD to Housing Act on @SquawkCNBC: "This bill has been worked on for years. It's a deregulatory bill, it's a supply-side bill, it has some major tenets that deregulate HUD programs by taking unneeded environmental reviews out of building a house on a lot owned by a city for the HOME Program. It changes the building codes and gives incentives to cities to have better zoning, less development fees, and offer more density in their system so that they can bring down prices and increase accessibility for home buyers. And it has important incentives to banks, since our community banks make six out of ten of our home construction loans across the country." 📺⬇️

WATCH: @USRepMikeFlood on the importance of an independent Federal Reserve: "Markets rely on our financial system and the dollar as a stable, safe place to put their money. The stability of our financial system is at the center of our global influence. ...If we lose an independent Federal Reserve, we will lose the confidence of people around the world that use the U.S. markets and the U.S. dollar as a safe haven, and that would be devastating for our economy and our economic security alike." 📺⬇️