by Roby Brock (roby@talkbusiness.net)
U.S. Rep. French Hill, R-Little Rock, is the new chairman of the House Financial Services Committee, an influential panel that oversees the nation’s banking and securities sectors. Hill outlined his priorities for change in the 119th Congress in a recent Talk Business & Politics interview.
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When he campaigned for the House committee chairmanship, Hill rolled out a package of ideas titled “Make Community Banking Great Again” to explain how he would guide the panel and push for new legislation. A former U.S. Treasury official in the George H.W. Bush administration, Arkansas’ 2nd District Congressman said he wants to see regulations better tied to bank size.
“I believe strongly in tailoring regulations. So the more large and complex your business strategy, the more regulatory surveillance and scrutiny that you ought to have. The smaller and more straightforward your business, you ought to have a lighter touch of regulation. You still comply with the regulations, but you have it in a less costly way to the institution,” he said.
Rep. Hill outlines priorities for bank regulatory changes, cryptocurrency