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House Financial Services chair backs deregulatory housing push to ease mortgage pressures
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Summary
Rep. French Hill said the committee is pressing supply-side measures and deregulatory steps to help regional banks and the housing market, citing that six in 10 construction loans come from banks under $10 billion and pointing to a House-passed housing bill under Senate negotiation.
Rep. French Hill, chair of the House Committee on Financial Services, told interviewers he supports policies designed to ease pressure on mortgage affordability by encouraging supply and easing regulatory burdens on regional and community banks.
"Let's have a deregulatory supply side housing bill, which the House has passed and we're negotiating with the Senate on," Hill said, adding that implementation of last year's tax changes and targeted regulatory adjustments can free capital for the housing sector.
Hill stressed the committee's focus on regional lenders: "Six out of 10 on home construction loans are not made by the biggest banks in the country. They're made by banks under $10,000,000,000 and that's what I've had as a focus of the committee." He argued tailored regulatory relief for those banks would improve return on investment and shift capital toward homebuilding.
The chair framed the approach as complementary to monetary policy, saying anchoring inflation and removing regulatory bottlenecks would help lower long-term benchmark rates over time and support affordability.
Hill did not provide specific bill text during the interview; he said the House has passed a supply-side housing bill and that negotiations with the Senate are ongoing.
