The U.S. House Financial Services Committee, chaired by French Hill, began a markup of multiple bills positioned as reinforcing the financial system and national security while supporting innovation and reducing regulatory burdens. Measures under consideration include Representative Mike Flood’s reauthorization of the Terrorism Insurance Program, and Representative Bryan Steil’s resolution supporting the use of artificial intelligence in financial services and housing programs while calling for appropriate oversight, enforcement of existing laws and consumer protections. The Committee is also taking up Representative Scott Fitzgerald’s Combating Money Laundering in Cyber Crime Act of 2025 to strengthen law enforcement’s ability to address illicit activity tied to digital assets, Representative Loudermilk’s Financial Reporting Threshold Modernization Act to update the currency transaction report threshold to reflect inflation, the Small Entrepreneurs Empowerment and Development Act to allow small issuers to conduct a micro-offering without mandated disclosures or filings while maintaining anti-fraud protections, and the Restoring Secondary Trading Market Act to preempt state blue sky laws for off-exchange secondary trading.
U.S. Financial Services Committee 2026-01-22
U.S. House Financial Services Committee marks up package including TRIA reauthorization, AI resolution, digital asset cybercrime AML tools and Securities Act changes
The U.S. House Financial Services Committee, led by French Hill, is marking up bills to reinforce the financial system and national security, including reauthorizing the Terrorism Insurance Program, supporting AI in financial services, and combating money laundering in cybercrime. Other proposals include updating financial reporting thresholds, facilitating micro-offerings for small issuers, and preempting state laws for secondary trading.