U.S. Rep. French Hill Elected to Chair Financial Services

December 17, 2024

U.S. Rep. French Hill (R-Ark.) is poised to serve as the next chair of the House Financial Services Committee (HFSC) after being elected Dec. 12 by the House Republican Steering Committee.

Hill beat three other members of the HFSC, including Andy Barr of Kentucky, Bill Huizenga of Michigan and Frank Lucas of Oklahoma. Hill’s selection must now be ratified by the full conference.

Hill currently is vice chairman of the HFSC and chairman of the HFSC’s Subcommittee on Digital Assets, Financial Technology and Inclusion.

"I am humbled that my colleagues have placed their trust in me to lead the House Financial Services Committee as their next chairman,” Rep. Hill said. “It was a privilege to join my exceptional colleagues, Representatives Andy Barr, Bill Huizenga, and Frank Lucas, in sharing our visions for this committee.

"I look forward to working alongside Speaker Mike Johnson, Majority Leader Steve Scalise, Majority Whip Tom Emmer, House Republican Conference Chair Lisa McClain, and our whole leadership team as we work in tandem with President Trump and Senate Banking Committee Chairman Tim Scott to bring common-sense economic policies that will produce a new era of American prosperity shared by all our citizens across our land," he continued.

ALTA applauded the Hill’s election chair of the HFSC for the 119th Congress.

“Chairman-designate Hill’s proven ability to foster bipartisan dialogue and tackle complex financial and housing issues is a tremendous asset to the Committee and the American people,” said Diane Tomb, ALTA’s CEO. “We look forward to continuing to work with Chairman-designate Hill to advance policies that enhance the integrity and efficiency of real estate transactions and protect homeowners across the country."

Current HFSC Chair Patrick McHenry (R-N.C.) also congratulated Hill, highlighted his experience in the private sector, the Treasury Department and his current roles at the HFSC. McHenry said in December 2023 that he would not seek re-election when his current term is up.

“With French Hill at the helm, Republicans will build on our work from this Congress to finally enact a clear regulatory framework and robust consumer protections for the digital asset ecosystem,” McHenry said in the statement.


Contact ALTA at 202-296-3671 or [email protected].