House Financial Services Committee

Rule Changes

Conducting Treasury oversight

Treasury Secretary Scott Bessent's February 2026 congressional testimony tested norms of Treasury oversight: two days of shouting matches with House Democrats (Maxine Waters asking to 'shut him up,' Gregory Meeks calling him a 'flunky'), followed by heated Senate Banking Committee exchanges where Democratic Senator Jack Reed called his conduct 'childish' and Senator Elizabeth Warren pressed him on whether Fed nominee Kevin Warsh would face investigations if interest rates aren't cut as Trump demands. Bessent refused to clarify, prompting Warren to call the situation 'an even taller steaming pile of corruption.'

Updated May 27

Rule Changes

House lead on the bill

The US House passed the 21st Century ROAD to Housing Act 396-13 on May 20, barring landlords with 350 or more homes from buying additional single-family homes. The White House said President Trump would sign the House version.

Updated May 21