Rep. French Hill (R-Ark.) told Breitbart News in an interview Monday that he wants to abolish federal “woke” banking regulations and unleash America's dynamism.
Hill told Breitbart News that he is fighting for his next goal. Become Incoming Chairman of the House Financial Services Committee. The Bear State conservative currently serves as vice chair of the committee, overseeing a new subcommittee dealing with digital assets and financial technology.
His experience as a businessman who started a bank, an investment banker, and the leader of an insurance brokerage firm gives him experience in free markets and an understanding of how overregulation can stifle economic growth across a country. said. He has also worked on the staff of the Senate Banking Committee, as well as at the Treasury Department and the White House.
Notably, Hill is leading the push for virtual currency legislation, which will play a pivotal role in House Republican financial services policy going forward.
Now, with Donald Trump soon to be in the White House and Republicans in control of the House and Senate, Hill believes Republicans will promote economic growth and the Biden-Harris administration's weaponization of “woke culture.” The view is that Japan is pursuing an ambitious deregulation policy that will shed light on the Targeting financial services and digital asset companies.
This includes:
- Reorganize the Consumer Financial Protection Bureau (CFPB)
- Limit CFPB privileges
- Ending the targeting of crypto companies and “debanking”
“I want to increase competition, make community banking great again, and end the domination of the regulatory system by regulatory administration,” Hill said.
Companies are increasingly abandoning woke corporate policies, such as sponsoring LGTQI+ parades and events and promoting diversity, equity, and inclusion (DEI).
Toyota, for example, announced in early October that it would no longer participate in the Human Rights Campaign's Corporate Equality Index or other corporate surveys.
Toyota is the latest company to cut ties with left-wing advocacy groups.
Toyota is one of the few companies Starbucks has targeted in its “wake-up” policy in recent months. Harley-Davidson Co., Ltd., Lowe's Cos. and ford motor corporation He said he would scale back DEI efforts, including cutting back on programs for LGBTQ groups. ford and produce retail store Tractor Supply Co., Ltd. Some companies pulled out HRC ranking
In a recent opinion poll, Found Americans are increasingly shying away from companies with political leanings.
A July Rasmussen poll found that 48 percent of Americans believe DEI programs discriminate against white men, and an August Gallup poll found that Americans are influenced by current events in politics. It has become clear that we are becoming increasingly fed up with companies that give away.
Hill said companies have abandoned DEI and other “woke” policies after a decade of pressure from Congressional Republicans and the Trump campaign to depoliticize American companies.
The Arkansas lawmaker said the “ultimate defeat” was Kamala Harris' loss to Trump, and that her “terrible, awful” campaign was “instead of talking about the benefits to the whole country. He tried to divide them into groups.”
Sean Moran is a policy reporter at Breitbart News. Follow him on X @SeanMoran3.
