Chairman Hill: Our Economy is Strongest When Government Creates the Conditions for Growth
Today, the House Financial Services Committee, led by Chairman French Hill (AR-02), is holding a Full Committee hearing to examine the economic impact of the Trump Administration’s pro-growth policies and regulatory reforms and their role in advancing affordability, investment, innovation, and access to capital.
Read Chairman Hill's remarks as prepared for delivery:
"This Committee's mission is to ensure our financial system remains a source of opportunity and prosperity for the American people.
"That means helping families buy their first home, supporting small businesses, empowering community banks and credit unions, and letting investors put capital to work.
"For years, families and small businesses have felt the effects of Washington's failures.
"Runaway inflation, excessive spending, and punitive regulation made it harder for Americans to buy a home, start a business, or access capital.
"Under the previous administration, families heard a lot about affordability but never saw it. Under President Trump, that is changing.
"Our economy is strongest when government creates the conditions for growth, not barriers to it.
"Through our efforts through budget reconciliation, we have tackled increasing real take-home pay for working families, encouraged capital investment while prioritizing federal spending and reducing waste, fraud, and abuse.
"To complement those important and successful policies, today's hearing examines the economic impact of the Trump Administration's financial services policies and regulatory reform efforts.
"We will also examine the ways this agenda is delivering the affordability the last administration promised but failed to deliver.
"Since President Trump took office, this administration has renewed its focus on investment and innovation, moving quickly to replace the regulatory uncertainty of the past four years with clear rules and common sense.
"That greater clarity has strengthened confidence in our markets and reinforced the resilience of our financial system.
"But regulatory action alone is not enough to fix what was broken.
"Committee Republicans are working diligently to codify these reforms to make them permanent and predictable.
"Committee Republicans have put in the hard work to advance bills strengthening our capital markets, modernizing regulation, expanding housing supply, supporting community financial institutions, and promoting American leadership in financial innovation.
"Most notably, during the 119th Congress, we have seen the 21st Century ROAD to Housing Act and the GENIUS Act become law. And the House also passed the Main Street Capital Access Act, the INVEST Act, and the CLARITY Act.
"What’s more is that Committee Republicans did all of this working on a bipartisan basis with those of our Democratic colleagues who saw the need for commonsense reforms to empower American families, small businesses, and the community banks and credit unions that serve them.
"These accomplishments demonstrate the bipartisan victory of a pro-growth agenda.
"They mean that across America, small businesses will get the capital they need to grow and create jobs, families will become homeowners, and community banks and credit unions will have the flexibility to say “yes” to local borrowers.
"These aren’t abstract policy wins – they are the building blocks of stronger communities, greater opportunity, and a more prosperous economy.
"We must continue advancing policies that promote investment, encourage responsible innovation, and ensure America's financial system remains the strongest and most competitive in the world.
"I look forward to hearing from our witnesses today, and I yield back."
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