Rep. French Hill

And when you think about the regional banks you just talked about and the community banks, particularly those banks under $10 billion, they make 60% of the one to four family home loans in this country.

So we believe that with the tax benefits from the one big beautiful bill, lowering compliance costs, focusing and tailoring regulations,

and focusing on dropping the regulatory burdens and trying to build homes in this country.

These are bullish signs for the GDP, for the nation.

We don't want to do anything that throws off that gross domestic product.

And one of the things I heard from colleagues is two-thirds of GDP in the U.S.

is consumption.

And so if credit availability is denied or reduced, that could impact growth for 2026.

Well, I think this is what people that I've heard from in the House Republican Conference have said to me is they think, gosh, this could mean that those Americans with lower credit scores have their credit curtailed in some way, even by a temporary proposal like this.

And, you know, we've campaigned against the government price controls in the 2024 election and Kamala Harris's efforts to put in nationwide rent control, for example.

Well, I just think that Republicans want to work with President Trump to accomplish his goal, reverse the curse of the Biden policies and regulation, taxation, open up the economy besides our tax policy and the big, beautiful bill.

I really believe that our Main Street Capital Access Act

will make capital more available for small businesses all across the nation, produce economic growth, particularly in the home building area.

Mike Flood's 21st century housing bill that we put together lowers regulatory costs on building new homes, opens up

things like the home program and the CDBG program to private sector partnerships to build more housing.

We want more housing available.

We want better and better prices.

And that's the tack that we're taking.

I think these are the priorities of the president.

I have.