The House Republican Steering Committee selected Digital Assets, Financial Technology and Inclusion Subcommittee Chair French Hill (R-Ark.) to lead the House Financial Services Committee as its next chairman.

“I am humbled that my colleagues have placed their trust in me to lead the House Financial Services Committee as their next chairman,” he said. “It was a privilege to join my exceptional colleagues, Reps 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.”

Hill told the Arkansas Democrat-Gazette he never imagined serving in such a position.

“My ambitions post-college were to definitely be in business and to be in finance,” Hill said. “’It just never crossed my mind that I would be on Capitol Hill and chair the House Financial Services Committee.”

He told the newspaper that he would describe the House Financial Services Committee as, “the access to capital committee,

“You can’t start a business, you can’t grow your business, you can’t go out and buy a home for your family if you don’t have access to available and affordable capital,” he said.

Current House Financial Services Chairman Patrick McHenry (R-NC), congratulated Hill.

 “French’s experience in the private sector, the Treasury Department, and as vice chair [of the House Financial Services Committee] have prepared him for this role,” he said. “From stepping in on my behalf multiple times to lead committee Republicans to spearheading the landmark FIT21, Congressman Hill has proven his capacity to lead this committee. 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.”