House Financial Services chair says housing supply bill could hit House floor 'in just a few days'; Powell, Treasury to appear before committee

Rep. French Hill, chair of the House Financial Services Committee, said Friday that the panel's housing proposal emphasizes supply-side measures to lower construction costs and reduce regulatory barriers, and that he is pushing to bring the measure to the House floor "in just a few days."

"We want to lower the cost of constructing housing, and we ought to increase the supply," Hill said, summarizing the committee's approach and noting the proposal is not demand-oriented. He said pairing red‑tape reductions with reforms to free up community bank lending (the Main Street Capital Access Act) would help more families access financing.

Hill also said he expects Federal Reserve Chair Jerome Powell to appear before the committee for his semiannual Humphrey‑Hawkins testimony; staff are coordinating timing with the Senate Banking Committee. "I do. I expect Chairman Powell to appear before the committee," Hill said.

On the Treasury front, Hill said Treasury Secretary Scott Bessett "will be back before the committee in hours rather than days," and praised Bessett's role in managing a process to identify candidates for the Fed chair.

Hill did not provide legislative text or a precise date for floor consideration. He declined to offer detailed cost estimates in the interview and did not specify whether the committee's proposal includes particular zoning or financing provisions. The committee's next procedural steps include final scheduling and continued coordination with other House committees and Senate counterparts.