The U.S. House Financial Services Committee, chaired by French Hill, opened a markup of a slate of bills focused on banking policy and housing affordability. Hill said that, following completion of the markup, the committee will have advanced nearly 100 bills to the full House for consideration. The banking measures are presented as strengthening the banking system, expanding access to credit, and reducing regulatory burdens that increase costs for families and small businesses. The housing package, introduced on a bipartisan basis with Ranking Member Maxine Waters and Housing and Insurance Subcommittee leaders, is framed around increasing housing supply across single-family, multifamily, apartment, manufactured, and factory-built homes, including by streamlining permitting, reducing regulatory barriers to construction, updating outdated programs, removing unnecessary federal requirements, increasing local control, and improving federal housing programs through updated standards, administration changes, and support for innovation in manufactured and factory-built housing. Hill also indicated the committee will take steps early next year to advance a “Make Community Banking Great Again” agenda, positioning community bank compliance relief alongside housing reforms to support lending in local communities.

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