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Speaker Mike Johnson told Republican senators during their closed-door retreat Wednesday that he was committed to finding a path ahead for Ukraine aid in the House of Representatives, a sign GOP senators took to mean that aid to the embattled country isn’t yet dead in Congress. McCaul said Johnson will put such a House foreign aid bill on the floor after the appropriations process is done. McCaul dismissed the concept of sending Ukraine aid through a discharge petition, saying he is “worried” about that approach, highlighting instead the REPO Act and formatting aid as a loan. “You know, it feels like Speaker Johnson makes up his strategy one or two days at a time. “Speaker Johnson doesn’t need to make up a new plan.
Persons: Mike Johnson, Sen, Markwayne Mullin, Johnson, wouldn’t, Michael McCaul, Ukraine –, Donald Trump, McCaul, ” McCaul, “ I’ve, Republican Sen, Lindsey Graham, , Roger Wicker of, , ” “, Joni Ernst of Iowa, Thom Tillis, we’ve, Mitch McConnell, ” McConnell, “ We’ve, Democratic Sen, Chris Murphy, Johnson doesn’t, that’s, CNN’s Morgan Rimmer Organizations: Republican, CNN, Republicans, House Foreign, Texas Republican, GOP, Senate Armed Services Committee, Kentucky Republican, Democratic, , Senate, ” Republican Locations: Ukraine, Oklahoma, Texas, West Virginia, Roger Wicker of Mississippi, Israel, Taiwan, North Carolina, Russia, Connecticut, Arkansas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill talks the situation in regional banks and U.S. economyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Hill, Brian Sullivan, Organizations: Rep, CNBC Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill: We expect to pass crypto oversight and stablecoin bills in early 2024House Financial Services Committee vice chairman and Digital Assets Subcommittee chair Rep. French Hill (R-Ark.) joins 'Squawk Box' to discuss the state of crypto regulation, whether crypto legislation can be passed in Congress, and more.
Organizations: Rep, Financial, Digital Locations: Congress
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse Financial Services Cmte. vice chair Rep. Hill on ICBC cyberattack, looming government shutdownHouse Financial Services Committee vice chairman Rep. French Hill (R-Ark.) joins 'Squawk Box' to discuss protecting U.S. financial infrastructure, after news of a cyberattack on the American arm of China's largest commercial lender ICBC, looming government shutdown, and more.
Persons: ICBC cyberattack Organizations: House, Services, Financial Locations: ICBC
After traveling around Israel and the West Bank, I now understand why so much has changed. It is crystal clear to me that Israel is in real danger — more danger than at any time since its War of Independence in 1948. Last Saturday night, a retired Israeli Army commander stopped by my hotel in Tel Aviv to share his perspective on the war. Consider this context: “According to Israel’s official Central Bureau of Statistics, at the end of 2021, 9.449 million people live in Israel (including Israelis in West Bank settlements), the Times of Israel reported last year. Let me not mince words, because the hour is dark and Israel, as I said, is in real danger.
Persons: I’ve, , Vladimir Putin, Biden, Israel, Benjamin Netanyahu, Kiryat Shmona, Kibbutz, Liat Admati, “ Mahmoud, , he’d, , Yoav Gallant, Netanyahu, Israel’s, Biden —, Ron Scherf Organizations: West Bank, Yemen —, West Bank —, U.S, Israeli Army, Iranian, Hamas, Sunday, The Times, ABC News, Central Bureau of Statistics, Palestinian, Statistics, West Bank Palestinian, West, Palestinian Authority, Brothers Locations: Tel Aviv, Israel, America, U.S, Independence, Iraq, Yemen, Jerusalem, Hamas, Gaza, United States, Israeli, Kiryat, Lebanon, Kibbutz Be’eri, Be’eri, Mefalsim, “ Israel, West Bank, Netanyahu Israel
Live updates: House Speaker race continues
  + stars: | 2023-10-25 | by ( Mike Hayes | Kaanita Iyer | ) edition.cnn.com   time to read: +2 min
After three weeks of infighting, division and tensions that left the House paralyzed they will again attempt to elect a speaker this afternoon. Members can also opt to vote PRESENT, which casts no vote. Additionally, Massie this morning said he would support Johnson after voting present last night. Remember, the math is tricky here: The prevailing candidate will be the one who wins 50% +1 of the total number of the House voting for a person. Should a member not vote or vote present, that will drop the target number that a candidate needs to reach.
Persons: Mike Johnson, Johnson, Hakeem Jeffries, Jeffries, Thomas Massie of, Mark Amodei, Amodei, designee Johnson, Massie, I’m, ” Massie Organizations: House GOP Conference, House, CNN Locations: Thomas Massie of Kentucky, French Hill, Arkansas, Nevada
The U.S. Capitol is seen at night as Republicans work towards electing a new Speaker of the House, on Capitol Hill in Washington, U.S., October 9, 2023. While McCarthy was the first speaker to be ousted in a formal vote, the last two Republicans to hold the job wound up leaving under pressure from party hardliners. Scalise appeared to have the support of many veteran and establishment Republicans including party leaders, while Jordan drew endorsements from others including Trump-style populists. Other candidates could also emerge, including McCarthy, who continues to have support among a number of Republicans and made clear on Monday that he would serve again as speaker if House Republicans asked him to do so. But not all House Republicans agreed that the chamber should move quickly to replace McCarthy, saying lawmakers are still grappling with the shock of his ouster.
Persons: Evelyn Hockstein, Kevin McCarthy, Steve Scalise, Jim Jordan, McCarthy, French Hill, Jordan, Donald Trump, Scalise, Michael Cloud, Tom Cole, Israel, Max Miller, David Morgan, Lincoln Organizations: U.S, Capitol, REUTERS, Rights, . House, Republican, Reuters, Democratic, Scalise, Trump, Republicans, Lawmakers, Thomson Locations: Washington , U.S, Tuesday's, Washington, Jordan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill on spending deal: We have not gotten our job done here in the HouseRep. French Hill (R-Ark.) joins 'Squawk box' to discuss the latest in spending debate on Capitol Hill as the prospect of a government shutdown looms, the challenges facing House Speaker Kevin McCarthy, and more.
Persons: Kevin McCarthy Organizations: Rep, Capitol
The situation has worsened recently. Last month, a U.N. resolution to allow cross-border aid from Turkey expired, putting much of the humanitarian support for the area in limbo. On Sunday, three U.S. Congress members, including Representative French Hill, a Republican from Arkansas, briefly visited the Syrian side of one of the border crossings. “A stable environment allows people to move back to their country and allows people to rebuild their lives and the economy here.”The recovery from the quake so far has been piecemeal and ad hoc — some restoration of schools, sidewalks and marketplaces and some light home repairs. For the most part, Syrians have been left to pick up the pieces alone.
Persons: French Hill, Hill Organizations: Congress, Republican Locations: Turkey, Arkansas, Syria, United States
“As I said back in the summer of 2020, in my judgment, the loan was inadequately secured to the taxpayers,” he said. Yellow has paid about $67 million in interest on its $700 million loan and just $230 of the principal owed. Yellow owes more than $700 million because, under the terms of the loan, some of the interest is not paid annually but gets added to the principal. Yellow used the first portion of its federal loan, about $300 million, to pay for operational expenses, including labor costs and to lease equipment. Bankruptcy experts said it would be very hard for the Treasury to find collateral that could be sold to repay this part of the loan.
Persons: Hill, Organizations: Republican, International Brotherhood of Teamsters, Treasury Locations: Arkansas, Nashville
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill: Digital assets bills will provide regulatory framework and clarity to the marketsHouse Financial Services Committee vice chair and chair of the Digital Asset Committee Rep. French Hill (R-Ark.) joins 'Squawk Box' to discuss two new digital assets bills crafted by the Agriculture and Financial Services Committees, which seeks to establish a regulatory framework for crypto and spur innovation while protecting consumers and market participants, possible impeachment inquiry into President Biden, and more.
Persons: Biden Organizations: Rep, Financial, Digital, Agriculture
Lawmakers and federal regulators are contemplating changing the definition of "accredited investor." There's a philosophical debate raging in Washington that could transform the multitrillion-dollar capital markets and change the way startups raise money. The origins of the definition of "accredited investor" trace back to the Great Depression and the Securities Act of 1933. And since the Reg D exemption's creation, private markets have become the dominant way for most issuers to access capital markets. According to analysis from the Brookings Institution, in 2020, 13.85% of US households qualified as accredited investors, compared with just 1.8% in 1983.
Persons: Gary Gensler, Elizabeth Holmes, Sam Bankman, Ronald Reagan, Reg D, Maxine Waters, Elizabeth Warren of Massachusetts, Micah Hauptman, Hauptman, haven't, Marcia Dawood, Dawood, Tyler Gellasch, Gellasch, Theranos Organizations: Securities and Exchange Commission, SEC, Apple, Securities, Financial Services, Politico, Consumer Federation of America, Yale Endowments, Brookings Institution, Angel Capital Association, ACA, Healthy Markets Association Locations: Washington, of Arkansas, California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill: We have confusion in the marketplace on digital asset regulationHouse Financial Services Committee vice chair Rep. French Hill (R-Ark.) joins 'Squawk Box' to discuss the SEC's lawsuit against Binance and Coinbase, and the initial draft of a new bill that seeks to provide a framework for digital asset regulation.
Persons: Binance Organizations: Rep, Financial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill on debt ceiling standoff: We need to stop posturing and get to dealmakingHouse Financial Services Committee vice chair Rep. French Hill (R-Ark.) joins 'Squawk Box' to discuss the latest in debt ceiling negotiations, whether a bipartisan deal can be reached, and more.
Members of George Santos' own party have called on him to step aside. Santos turned himself in to federal authorities on Wednesday and has been charged with 13 criminal counts. The nation's focusing on solutions that matter, not George Santos." "I'm surprised he's still here," Montana Rep. Ryan Zinke, a Republican, told CNN. George Santos turned himself in to federal authorities on Wednesday and has been charged with 13 crimes, including money laundering, theft of public funds, and wire fraud.
The House Financial Services Committee will hold a hearing on oversight of the Securities and Exchange Commission this morning. That's because SEC Chair Gary Gensler has aroused the ire of many in corporate America over his 50+ list of new regulatory proposals the SEC is scheduled to vote on this year. "Chair Gensler has identified a range of 50-55 regulatory priorities since the start of his tenure, and has already proposed twice as many rules as his predecessor in just half the time." "The vast majority of crypto tokens are securities," Gensler declared in his written testimony to the House Financial Services Committee. "SEC Chair Gensler is long overdue to testify before the House Financial Services Committee," Rep. French Hill (R.-Ark), Vice Chairman of the House Financial Services Committee, said in a statement released to CNBC.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're not for the government defaulting on their debt, says Rep. French HillRep. French Hill (R-Ark.) joins 'Squawk Box' to discuss the idea of taking the debt limit bill to Wall Street, negotiations between the Republic Party and President Biden on the debt ceiling, and more.
But it also gave the fine wine and crypto industry a big boost as panicking investors rushed out of the financial sector and into alternative assets. Bittersweet banking: SVB lent over $4 billion to winery clients since 1994, with over 400 wine industry clients (including wineries, vineyards and vendors) working with the bank’s premium wine division, according to the bank’s website. Recent SEC filings, meanwhile, indicated SVB had about $1.2 billion in outstanding loans to high-end wine clients when the bank collapsed. Circle, the company behind popular stablecoin USDC, said it had about $3.3 billion of its $40 billion in reserves at SVB. The collapse of Signature Bank, a major crypto lender, also had serious implications for the industry.
Rep. French Hill weighs in on bank crisis
  + stars: | 2023-03-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill weighs in on bank crisisRep. French Hill (R-Ark.) joins 'Squawk Box' to discuss the banking crisis, the move from Congress to de-regulate some larger banks, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill: Creating a crypto regulation framework is an opportunity for bipartisanshipRep. French Hill (R-Ark.) joins 'Squawk Box' to discuss the new subcommittee committed to regulating digital assets and more.
The unregulated nature of the crypto industry emerged as a pressing concern late last year after the collapse in November of crypto exchange FTX. Hill has been an enthusiastic supporter of the crypto industry. Emmer described actions taken by Securities and Exchange Commission Chair Gary Gensler as "haphazard and unfocused." Senate Democrats, meanwhile, have already begun to prepare their own efforts to oversee the crypto industry and dictate enforcement actions. The commission charged crypto lender Genesis and crypto exchange Gemini with the unregistered sale and offering of securities on Thursday, the same day that Hill announced the subcommittee.
Share this -Link copiedMcCarthy elected speaker in 15th round McCarthy was elected House speaker Saturday shortly after midnight on the 15th ballot. Share this -Link copiedHouse reconvenes to hold 14th round of speaker votes The House has reconvened to begin the 14th round of speaker votes. Read the rest of the story, The House speaker election, in three charts. Share this -Link copiedHouse begins 13th round The House is beginning the 13th round of speaker votes. At least 14 House GOP flip to support McCarthy in twelfth speaker vote Jan. 6, 2023 01:52 Share this -Link copied
“It’s critically important that the Rules Committee reflect the body and reflect the will of the people. “What we’re seeing is the incredibly shrinking speakership,” former House Speaker Nancy Pelosi said in an interview Friday. “The reason these people want to be on the Rules Committee is they want to screw things up for McCarthy. The message the leader received from his deal-making centrists: We can live with giving Freedom Caucus members committee slots but committee gavels are a “nonstarter.”“Nobody should get a chairmanship without earning it,” Bacon said. That pisses us off.”Díaz-Balart said he had received assurances that “there are no deals cut about chairmanships” to committees as part of swaying votes to make McCarthy speaker.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill: I don't think all 20 members are firmly opposed to voting for Kevin McCarthyRep. French Hill (R-Ark.) joins 'Squawk Box' to discuss the political drama that played out on Tuesday, where Republican leader Kevin McCarthy failed to secure enough support to be elected as the House Speaker.
WASHINGTON, Dec 13 (Reuters) - Days after the release of U.S. basketball star Brittney Griner from imprisonment in Russia, Democratic and Republican U.S. lawmakers will introduce legislation on Tuesday to establish March 9 as an annual day to remember Americans detained abroad. The bill, according to text seen by Reuters, seeks to make March 9 "National Hostage and Wrongful Detainee Day," to call increased attention to Americans unjustly held abroad and add urgency to the push to bring them home. "Brittney Griner's release and unjust imprisonment has only underscored the need for Congress to continue working to safeguard the lives of wrongfully detained Americans," said Democratic Senator Chris Coons, a lead sponsor of the bill, in a statement. The measure's sponsors also include Republican Senator Marco Rubio and Representatives Haley Stevens, a Democrat, and French Hill, a Republican. The administration has been unable to secure the release of former Marine Paul Whelan, who was jailed in Russia on 2020 on spying charges.
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