House Republicans tap French Hill to chair Financial Services
Rep. French Hill, an Arkansas Republican and former banker, is poised to become the next chair of the House Financial Services Committee after winning the endorsement of the GOP’s steering panel, according to three people with knowledge of the vote.
Hill, a moderate who has represented the Little Rock area since 2015, beat three other long-time members of the Financial Services panel — Reps. Andy Barr of Kentucky, Bill Huizenga of Michigan and Frank Lucas of Oklahoma — in one of the most closely watched gavel races this year.
The four presented their cases to GOP steering committee members Thursday in alphabetical order. Now, the full conference must vote to ratify the selection.
Hill, who currently serves as Financial Services vice chair and leads a digital assets subcommittee, will be tasked with helping to steer President-elect Donald Trump’s financial policy agenda through Congress. He has worked alongside outgoing Chair Patrick McHenry (R-N.C.) to champion industry-friendly crypto legislation, which is expected to remain a major priority under Trump.