Republican members of the US House Committee on Financial Services, led by Chairman French Hill, sent a letter to Federal Reserve Vice Chair for Supervision Michelle Bowman, Office of the Comptroller of the Currency Comptroller Jonathan Gould, and Federal Deposit Insurance Corporation Acting Chairman Travis Hill urging the agencies to withdraw four supervisory guidance documents. The requested withdrawals cover leveraged lending guidance, model risk management guidance, third-party risk management guidance, and the OCC’s venture funding bulletin. The letter argues these documents impose unwarranted and burdensome requirements that restrict access to credit and hinder innovation and economic growth without meaningfully enhancing safety or stability, and says withdrawing them would restore appropriate regulatory process and support more tailored oversight.
U.S. Financial Services Committee 2025-11-25
US House Committee on Financial Services Republicans urge the Federal Reserve OCC and FDIC to withdraw leveraged lending and other supervisory guidance
Republican members of the US House Committee on Financial Services, led by Chairman French Hill, urged the Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation to withdraw four supervisory guidance documents. These include guidance on leveraged lending, model risk management, third-party risk management, and the OCC’s venture funding bulletin. The letter argues these documents impose burdensome requirements that restrict credit access and hinder innovation.