Financial Services Committee

Today, Congressman Bill Huizenga (MI-02) joined more than 140 legislators in sending a letter to Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Charles Rettig to express his concern with a recent IRS data collection proposal that will increase tax information reporting requirements on financial institutions. Specifically, this radical proposal would… Read more »

Today, Congressman Bill Huizenga (MI-02), Rep. French Hill (AR-02), and Rep. Andy Barr (KY-06) released the following joint statement after Securities and Exchange Commission (SEC) Chairman Gary Gensler indicated that he’s directed the SEC “to develop a mandatory climate risk disclosure rule proposal for the Commission’s consideration by the end of the year.” “Before requiring any type… Read more »

U.S. small businesses were among the hardest hit by the pandemic. Many were shut down by state and local governments while their employees were displaced, and their customers barred from entry. Meanwhile, their business was diverted to “essential” big box stores and Amazon and their supply and distribution chains were disrupted. Now, small businesses are also struggling because they must… Read more »

On Friday, Congressman Bill Huizenga (R-MI) and Congressman Brian Higgins (D-NY) were officially appointed by the Speaker of the House of Representatives to serve as co-chairs of the Canada-United States Inter-Parliamentary Group. The Inter-Parliamentary Group is comprised of a coalition of elected leaders from both countries committed to advancing dialogue on policies of mutual… Read more »

Today, Congressman Bill Huizenga announced his support for the Abortion Providers Loan Elimination (APLE) Act. This legislation would require Planned Parenthood affiliates to return the $80 million in loans they illegally applied for and received under the Paycheck Protection Program (PPP). It also ensures Planned Parenthood affiliates, as well as other abortion providers, remain… Read more »

Yesterday afternoon, Congressman Bill Huizenga (MI-02) read a constituent letter from a West Michigan CPA to Treasury Secretary Janet Yellen calling for tax filing alignment and certainty. Recently, the IRS announced the federal filing deadline for 2020 was moved to May 17th. However, taxpayers who are required to file quarterly estimates for 2021 are still required to have those payments… Read more »

Today, Congressman Bill Huizenga (R-MI) announced the introduction of the Special Drawing Rights Oversight Act with Representatives French Hill (R-AR) and Andy Barr (R-KY). This bill limits the executive branch’s ability to bypass Congress to authorize Special Drawing Right (SDR) allocations by limiting the size and frequency of allocations unless Congress authorizes them by law. Under… Read more »

Last week, Michigan Congressman Bill Huizenga (R-MI) and Congressman Patrick McHenry (R-NC), the top republican on the House Financial Services Committee, introduced legislation to protect American savers and investors from Democrats’ harmful tax proposals. The Protecting Retirement Savers and Everyday Investors Act would block states from imposing financial transactions taxes (FTTs) on… Read more »

Three hours after restaurants and bars were mandated to close here in Michigan, Speaker Pelosi and Democrats in the House were passing a $1.9 trillion partisan spending bill masquerading as “COVID relief” in the middle of the night in Washington. I voted against this package and I believe Michiganders deserve to know what is in this monstrosity. Over the past year, Republicans and… Read more »

Early this morning, Congressman Bill Huizenga voted against President Biden and Speaker Pelosi's $1.9 trillion pork laden spending package. Following the vote, Congressman Huizenga released the following statement regarding the partisan legislation saying,  "Less than 9% of this massive spending bill goes toward defeating covid and 95% of the education funding won’t be spent until… Read more »