Chairman Tim Scott of the U.S. Senate Committee on Banking, Housing and Urban Affairs issued a statement welcoming President Trump’s nomination of Travis Hill to serve as Chairman of the Board of Directors of the Federal Deposit Insurance Corporation, praising Hill’s focus on removing “reputational risk” from bank supervision in line with Scott’s FIRM Act to address debanking and prevent discrimination against federally legal businesses and law-abiding Americans, while contrasting Hill’s approach with what he described as a toxic culture under former Chair Gruenberg.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-10-01
U.S. Senate Committee on Banking, Housing and Urban Affairs chair welcomes Travis Hill nomination to lead the Federal Deposit Insurance Corporation
Chairman Tim Scott of the U.S. Senate Committee on Banking, Housing and Urban Affairs endorsed President Trump's nomination of Travis Hill as Chairman of the Federal Deposit Insurance Corporation. Scott praised Hill's focus on eliminating "reputational risk" from bank supervision, aligning with Scott's FIRM Act to combat debanking and discrimination. Hill's approach was contrasted with the previous leadership under former Chair Gruenberg.