Marlin A. Stutzman

REP. STUTZMAN AND REP. FOSTER INTRODUCE THE FUTURES ACT

Position: The representatives introduce legislation requiring federal financial regulatory agencies to conduct comprehensive technology assessments and submit modernization reports to Congress, aimed at enhancing their capacity to supervise banks and credit unions and respond to technology-driven financial risks.

WASHINGTON, DC — Today, Congressman Marlin Stutzman (IN-03) and Congressman Bill Foster (IL-11) introduced the Fostering the Use of Technology to Uphold Regulatory Effectiveness in Supervision (FUTURES) Act. The legislation aims to modernize technology systems within federal agencies responsible for regulating banks and credit unions, enhancing their capacity for effective supervision and oversight. The FUTURES Act will enhance the ability of regulatory agencies to conduct thorough supervision and ensure the safety and soundness of the financial system. The legislation will address the critical need for modernization by requiring: Comprehensive Technology Assessments: The bill requires federal regulatory agencies, including the Federal Reserve System, FDIC, OCC, CFPB, FHFA, NCUA, and FinCEN, to conduct thorough assessments of their technology systems. These assessments will identify current deficiencies and areas for improvement, including technology plans, procurement practices, workforce impacts, and information intake and analysis. Advanced Reporting Requirements: Within 18 months of completing the assessments, and for every 5 years thereafter, regulatory agencies must submit reports to the House Financial Services Committee and the Senate Banking Committee. These reports will include findings, evaluations, and plans for upgrading technology systems and addressing anticipated challenges. “To perform the necessary oversight of financial systems our constituents demand, modernization of the regulation technology used is essential,” said Rep. Stutzman. “New threats to our financial institutions arise daily, and Congress must be proactive in our approach to stopping them. I am happy to stand with Rep. Foster in offering a common-sense solution that has previously received support in the House.” “The sudden collapse of Silicon Valley Bank demonstrated that threats to our financial system can move much faster than previously understood," said Rep. Foster. "Today, artificial intelligence is accelerating those risks even further and raising the likelihood of AI-driven bank runs. Combined with social media, agentic communication and 24-hour banking, these technologies can amplify panic and destabilize institutions in minutes instead of hours or days. This bill is an important step to ensure our financial regulators have the tools they need to monitor, anticipate, and respond to these emerging, technology-driven threats.” KEY BACKGROUND: Similar legislation was introduced in the 118th Congress by Rep. Erin Houchin (IN-09) and was advanced by the House Committee on Financial Services by voice vote on April 17, 2024. Contact: Ron Kovach – ron.kovach@mail.house.gov

REP. STUTZMAN INTRODUCES LEGISLATION TO REFORM DEPOSIT INSURANCE

WASHINGTON, DC – Rep. Marlin Stutzman (IN-03) introduced a bill to require the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) to carry out an analysis to determine whether insurance coverage should be raised on covered transaction accounts, and for other purposes. The legislation is one of various proposals introduced by House Financial Services Committee members to reform the U.S. deposit insurance framework. Rep. Stutzman’s legislation will direct the FDIC and the NCUA to conduct a comprehensive study that: Evaluates whether higher deposit insurance coverage is warranted for transaction accounts, including business and nonprofit operating accounts. Assesses the economic impact of increasing coverage on banks and credit unions. Examines effects on financial stability, including safety‑and‑soundness considerations. Analyzes how changes would influence competition among small, mid‑sized, and large institutions. Identifies potential incentives for depositors or institutions to reclassify accounts to obtain higher coverage and recommends safeguards to prevent abuse. Reviews how increased insurance assessments would be distributed across institutions of different sizes. “Policymakers should have the information they need to ensure the stability of our financial system and empower the banks and credit unions that serve Hoosier communities,” said Rep. Stutzman. “My legislation will provide the tools needed to preserve the confidence of Americans when depositing their hard-earned savings into these institutions. I thank Chairman Hill for his leadership in keeping the American financial sector fair and secure.”

THE STREAMLINING RURAL HOUSING ACT, INTRODUCED BY REP. STUTZMAN, PASSES HOUSE OF REPRESENTATIVES

WASHINGTON, DC – Today, Congressman Marlin Stutzman’s (IN-03) legislation, H.R. 4989 - Streamlining Rural Housing Act, passed the House of Representatives under suspension as part of the House Financial Services Committee’s Housing for the 21st Century Act. The bill requires HUD and USDA to evaluate the feasibility of joint environmental reviews and inspections for rural housing projects that utilize both departments' programs. Currently, projects that utilize both must undergo separate environmental reviews and inspections to receive funding. This creates unnecessary red tape for developers and drives up costs, ultimately contributing to the affordable housing shortage in rural communities nationwide. This bipartisan, bicameral piece of legislation, which will make affordable rural housing easier to build and cut burdensome government red tape, now heads to the Senate. “I am proud to see my common-sense Streamlining Rural Housing Act take another step towards becoming law,” said Rep. Stutzman. “Streamlining environmental reviews and inspections to lower housing costs is a straightforward bipartisan issue that should pass the Senate without delay. Hoosiers and Americans across the country need more affordable housing, and the House of Representatives just delivered real results.”

REP. STUTZMAN: SINGLE-FAMILY HOMES BELONG TO SINGLE-FAMILES NOT INSTITUTIONAL INVESTORS

Position: Rep. Stutzman supports legislation to ban or restrict large institutional investors from purchasing single-family homes, arguing that such restrictions would prioritize family homeownership and housing affordability over corporate investment interests.

WASHINGTON, DC – Today, Congressman Marlin Stutzman (IN-03) released the following statement after President Donald J. Trump reaffirmed the need for legislation banning the purchase of single-family homes by large institutional investors. Rep. Stutzman has legislation that will be noticed in tomorrow’s House Financial Services Committee hearing that prioritizes families when it comes to housing. “President Trump and I are on the same page, homes that are meant for families should be purchased by families,” said Rep. Stutzman. “Allowing institutional investors to compete with those attempting to live the American Dream will put Americans in rental homes for decades. It is time to put American families first instead of corporate interests. I am introducing a bill prioritizing housing affordability as the President laid out in his recent Statement of Administration Policy.”

REP. STUTZMAN CELEBRATES MARCH FOR LIFE WITH CHEMICAL ABORTION AWARENESS ACT INTRODUCTION

Position: Rep. Stutzman introduced legislation requiring new disclosure requirements for chemical abortion risks at federally funded providers, positioning this as part of efforts to protect unborn life.

WASHINGTON, DC – Today, Congressman Marlin Stutzman (IN-03) introduced the Chemical Abortion Awareness Act, which will create new requirements for communicating chemical abortion risks for providers who receive federal funds. This legislation comes on the same day as thousands of American patriots flocked to Capitol Hill to stand up for the lives of the unborn. Image

STUTZMAN LEADS LETTER TO TRUMP ADMINISTRATION OFFICIALS ON AFFORDABLE HOUSING FOR AMERICAN FAMILIES

Position: The representatives support the Trump administration's executive order restricting large institutional investors from purchasing single-family homes, arguing this measure helps American families compete with corporations in the housing market and expands homeownership access.

WASHINGTON, DC – Today, Congressman Marlin Stutzman (IN-03), Congressman Zach Nunn (IA-03), and Congressman Eli Crane (AZ-02) sent a letter to Secretary of Housing and Urban Development Scott Turner, Secretary of the Treasury Scott Bessent, and Director of The Federal Housing Finance Agency William Pulte applauding President Donald J. Trump for his leadership in issuing a recent executive order aimed at protecting access to single-family homes for American families. The letter was sent in an effort to understand how the agencies plan to implement several provisions of the executive order. The members’ inquiries include: The definition of “large institutional investor” and “single-family home” for the purpose of implementing the Order. How will Treasury guard against regulatory arbitrage in its definitions? How do the Department of Housing and Urban Development and the Federal Housing Finance Agency intend to implement the guidance required under Section 3 to promote sales to individual owner-occupants? How will the agencies work to meaningfully lower the cost of housing and expand access to homeownership for American families? The Members issued the following statements about the letter: “Common sense dictates that American families should be on the same playing field as corporations when purchasing a home,” said Rep. Stutzman. “I stand with President Trump in helping creditworthy families pursue the American Dream.” “Iowans shouldn’t have to outbid Wall Street to buy a home. When institutional investors swoop in with cash offers, they shut out working families, drive up prices, and turn starter homes into permanent rentals. Proud to support the White House in getting families into their first house," said Rep. Nunn. “President Trump’s willingness to confront the growing issue of institutional investors pricing families out of the housing market is spot on. By preventing large corporations from outcompeting everyday homebuyers, this initiative brings the American Dream back within reach. I applaud Rep. Stutzman for leading this effort in the House, and I’m proud to join,” said Rep. Crane.

STUTZMAN, BRECHEEN LEAD OVER 100 HOUSE GOP MEMBERS IN ASKING FOR SYRIAN OVERSIGHT

Position: The release expresses support for conditional oversight of Syria as the U.S. removes sanctions, contingent on the Syrian government's protection of religious and ethnic minorities and adherence to conditions in the FY26 NDAA.

WASHINGTON, DC – Today, Congressman Marlin Stutzman (IN-03) joined Congressman Josh Brecheen (OK-02) and more than 100 other House Republicans in asking for increased oversight of Syria as the U.S. removes sanctions against the country through the FY26 NDAA. The joint statement mentions, “The mass murder of the Syrian Christians, Druze, Alawites, Kurds, and other religious and ethnic minorities must be a thing of the past. Congress is committed to keeping a watchful eye on the new al-Sharaa Administration to ensure protections for religious and ethnic minorities in Syria… “As Members of Congress, we understand that the Syrian government’s adherence to the conditions laid out in the NDAA’s sanction repeal language is essential for lasting peace in the Middle East and Syria’s prosperity.” Rep. Stutzman said the following statement: “Bringing religious freedom into Syria is the only way the country will fully stabilize,” said Rep. Stutzman. “The sanctions repealed by the NDAA will help economically, but violence will not cease until al-Sharaa uses his position to denounce religiously-motivated attacks.”