The U.S. House Financial Services Committee held a hearing on oversight of prudential regulators and published Chairman French Hill’s prepared remarks, framing the session around reviewing recent supervisory and regulatory developments, rulemakings, and agency activities. Hill argued that prudential regulation should remain anchored on financial stability and the safety and soundness of banks and credit unions, with clearer and more tailored requirements that reduce duplicative burdens. In his remarks, Hill aligned the Committee’s agenda with the Trump Administration’s approach, emphasizing the role of community banks and depository institutions of all sizes and opposing what he described as “untailored” regulatory burdens. He criticized regulatory focus on climate agendas and diversity, equity and inclusion initiatives, citing the failure of Silicon Valley Bank as an example of supervisors missing material financial risks. Hill also highlighted a reversal of Biden-era regulations and guidance that he said would have increased costs for homebuyers and small businesses, pointing specifically to the original Basel III Endgame proposal, and referenced ongoing Committee work on digital asset market structure, streamlined supervision, access to capital and deposit funding, supervisory appeals, and merger review timelines.
U.S. Financial Services Committee 2025-12-02
U.S. House Financial Services Committee holds prudential regulator oversight hearing calling for tailored rules and reversal of the original Basel III Endgame proposal
The U.S. House Financial Services Committee held a hearing on prudential regulators, with Chairman French Hill emphasizing financial stability and tailored regulations to reduce duplicative burdens. Hill criticized the focus on climate and diversity initiatives, citing the Silicon Valley Bank failure as supervisory oversight, and highlighted efforts to reverse Biden-era regulations. He also addressed work on digital asset market structure, streamlined supervision, and merger review timelines.