Financial Services

As a small business owner, I know firsthand how intertwined the banking system is to the success of Main Street America. I draw on this experience in my role on the House Financial Services Committee to make sure all Americans have access to fair, competitively priced financial products and services. I will always fight against the excessive regulations and bureaucratic red tape that stifle growth.

I am a strong supporter of our banking system - especially local and community banks that serve as the backbone of small towns and rural communities across Texas. These institutions provide capital and trusted relationships that entrepreneurs, farmers, and families rely on every day. I am committed to ensuring they can continue to thrive without being burdened by Washington overreach.

I also believe in embracing digital assets and financial innovation that can expand consumer choice, strengthen payment systems, and provide new opportunities for small businesses to grow in a modern economy. Supporting both traditional banking and forward-looking innovation is the best way to ensure our financial system remains strong, competitive, and aligned with the needs of hardworking Americans.

Some of my work includes:

• My bill, H.J. Res. 66, passed the House and the Senate before being vetoed by President Biden. This resolution aimed to halt the implementation of the Consumer Financial Protection Bureaus (CFPB) 1071 Small Business Lending Data Collection Rule, which added costly and burdensome reporting requirements on financial institutions, resulting in a decrease in credit for millions of Main Street borrowers.
• Sent multiple letters to the Secretary of the Treasury and Director of the Financial Crimes Enforcement Network (FinCEN) regarding concerns with their Beneficial Ownership Information Rule and the effect it would have on small business owners.
• Introduced H.R. 1549, the China Financial Threat Mitigation Act, which passed the House. This bill would identify systemic threats associated with China’s shadow banking sector and address solutions to mitigate those risks.
• Introduced H.R. 976, the 1071 Repeal to Protect Small Business Lending Act, which would repeal the CFPB’s burdensome 1071 Small Business Data Collection rule.
• Introduced H.R. 3173, the Federal Reserve Financial Accountability and Transparency Act, which would add requirements to the Federal Reserve’s annual audit based on engagements with international agencies and bodies.
• Introduced H.R. 3672, the Securities Research Modernization Act, which allows research reports on any issuer, not just an emerging growth company, undertaking a proposed public securities offering.
• Voted for the Genius Act, S. 1582, which creates a clear legal framework for digital assets, aiming to promote innovation while ensuring consumer protection and market integrity.
• Voted for the Digital Asset Market Clarity Act, H.R. 3633, which creates a joint regulatory framework between the SEC and CFTC to define, register, and oversee digital commodities, exchanges, brokers and dealers, while protecting self-custody and promoting blockchain innovation.
• Worked to reign in the CFPB from pushing unreasonable regulations on Americans by cosponsoring numerous bills: H.R. 654, H.J.Res. 59, H.J.Res. 74, H.R. 2513, H.R. 3445, and had an amendment pass the House to prohibit any regulation coming from the CFPB with an economic impact of over $100 million dollars.
• Cosponsored the Anti-CBDC Surveillance State Act, H.R. 1919, which prohibits the federal government from issuing a central bank digital currency.
• Worked to end the politicization and weaponization of the banking industry by cosponsoring H.R. 2702, H.R. 987, H.R. 1181, and H.R. 1224.