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House Financial Services asks agencies to rescind and modify rules

Image of House Financial Services Committee Chair, French Hill of Arizona.
Photo: Kevin Dietsch/Getty Images

Flurry of letters seeks to remove ‘measures that stifle innovation.’

The House Committee on Financial Services, led by Chairman French Hill (R-AZ), sent letters to certain agencies under the committee’s jurisdiction to ask the heads of those agencies to rescind, modify or re-propose certain Biden-Harris administration regulatory initiatives.

Several letters were sent to the federal banking agencies – the

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