U.S. House Financial Services Committee marks up bills to expand capital access and adjust bank oversight and FDIC governance

The U.S. House Financial Services Committee published Chairman French Hill’s opening statement for a markup of multiple bipartisan bills aimed at expanding small business access to capital, modernizing elements of venture capital and private funds regulation, and tailoring supervision and regulation for well-managed banks. The agenda also included a vote to reauthorize the Committee’s Monetary Policy Task Force, led by Chairman Lucas. Hill highlighted several measures under consideration, including Rep. Barr’s Small Business Investor Capital Access Act to ensure the Securities and Exchange Commission’s exemption threshold for private fund advisers keeps pace with inflation, Rep. Timmons’ Improving Capital Allocation for Newcomers (ICAN) Act to widen the ability of fund managers to raise capital and invest in startups nationwide, and Mrs. Wagner’s Developing and Empowering our Aspiring Leaders (DEAL) Act to direct capital toward new regions and entrepreneurs that have been historically excluded. He also pointed to Rep. Huizenga’s FDIC Board Accountability Act, which would require Federal Deposit Insurance Corporation board members to have expertise in state bank and small-institution supervision, limit board terms to 12 years, and remove the Consumer Financial Protection Bureau Director’s voting rights. The Committee expected that, when the markup concluded on 23 July 2025, it would have marked up or ordered to be reported more than 60 member bills, and Hill indicated further work on additional policy priorities after the August recess.