The U.S. House Committee on Financial Services held a hearing examining the Trump administration’s economic and regulatory policies and reviewing Committee Republicans’ legislative agenda. Members emphasized clearer and more proportionate regulation, particularly for community banks, alongside measures intended to expand capital formation, housing supply and access to investment products. The discussion covered previously advanced legislation, including the House-passed Main Street Capital Access Act, which would encourage new bank formation, update regulatory thresholds and change supervisory practices. Witnesses also addressed the House-passed CLARITY Act’s proposed allocation of digital asset oversight between securities and commodities regulators, including requirements for customer protection, custody, conflicts of interest and illicit-finance controls. The committee heard that the U.S. has 3,818 community banks, about 90% of insured banks and savings institutions, down from 8,315 in 2000.
2026-09-03U.S. Financial Services Committee
U.S. House Committee on Financial Services reviews growth agenda centered on community banking, capital formation and digital assets
The U.S. House Committee on Financial Services reviewed the Trump administration’s economic policies and Republicans’ agenda for community banking, capital formation and digital assets. The hearing focused on tailored bank regulation, new bank formation and a proposed digital asset framework dividing jurisdiction between securities and commodities regulators.