House Financial Services Chairman French Hill is on a campaign to embed financial regulations into law, a move to make it much more difficult for a different administration to reverse course.
Hill, R-Ark. has pushed the committee to approve nearly 100 bills since the start of the year. He has said he wants to take advantage of complete Republican control of government to get laws put in place.
“We’ve all experienced in our time in Congress the seesaw back and forth between administrations using executive authority or proposing rulemakings,” Hill told reporters at a briefing on Dec. 10. “And I think where you have consensus and you can put it into law and make a permanent change, society is better off. Consumers are better off. The market participants have certainty.”
