House Financial Services Committee advances broad slate of bank and housing measures
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Summary
The House Financial Services Committee held a multi-hour markup advancing dozens of bills on banking resolutions, community bank support, housing measures and studies into bank chartering and resolution processes; several measures were amended and ordered reported to the House, with recorded votes requested on multiple items.
The House Financial Services Committee convened a markup on a package of bills designed to reshape regulatory treatment of banks and to advance a bipartisan housing agenda.
Chairman Hill opened the session by saying the committee would advance nearly 100 measures to the full House and flagged a bipartisan housing package and reforms aimed at reducing compliance burdens on community banks. Ranking Member Maxine Waters said the housing bill was a start but urged larger federal investment and warned against deregulatory measures that could weaken consumer protections.
Members debated and amended multiple bills across the committee's jurisdiction, including measures directing studies of de novo chartering and bank resolution processes, bills to give FDIC discretion in choosing resolution options that limit concentration, and ones to enhance participation by nonbanks and private capital in resolution auctions. Committee leaders said the reviews and pilot ideas aim to expand competition while preserving depositor protections.
Votes on amendments and on ordering bills to be reported were taken; several recorded votes were requested and postponed, and later tallied by the clerk. The committee recessed and planned to reconvene the following morning to complete remaining measures.
The markup represents an early push by the committee majority to pursue a suite of bills intended to ease regulatory friction for smaller and mid-size institutions and to increase congressional oversight of both bank-resolution mechanisms and international regulatory engagement. Several measures drew bipartisan support on procedural studies but also sharp partisan exchanges on questions of safety, competition and the appropriate scope of regulatory authority.
The committee left a number of recorded-vote requests pending for later tabulation and adjourned subject to the chair's call.