Connecting with House Financial Services Committee leaders

As the House Financial Services Committee puts its agenda for this year in place, America’s Credit Unions President/CEO Scott Simpson joined a call with committee leaders Wednesday. 

Committee Chairman French Hill, R-Ark., recapped the committee’s activities last year, including advancing housing, examination reform, stablecoin, regulatory relief, and other legislation. 

Following the industry call, Hill and House Financial Services Financial Institutions Subcommittee Chairman Andy Barr, R-Ky., released a package of legislation to revitalize local banking in support of families, small businesses, and Main Street America.

“We appreciate Chairman Hill and Subcommittee Chairman Barr’s focus on supporting community-based financial institutions and improving access to capital on Main Street,” Simpson said. “Efforts to modernize outdated regulations are an important part of strengthening local economies. While the package includes provisions that could benefit the broader financial system, it leaves room for key credit union priorities to be addressed. Credit unions serve more than 145 million Americans, and any comprehensive community finance package should reflect the full range of lenders serving local communities. We look forward to continuing to work with the Committee to ensure reforms are inclusive and recognize the credit union difference."

The committee has scheduled hearings on fintech regulations, retirement choices, and more for the next several weeks, and has published a notice of a markup starting Jan. 22. 

Simpson wrote to Congressional leaders and regulators Wednesday outlining credit unions’ 2026 advocacy priorities and will continue to engage the House Financial Services Committee on advancing additional legislation this year.