FINANCIAL FRAUD IS A PLAGUE

On 2026-04-27, Representative J. French Hill (R-AR-2) delivered a floor speech titled "FINANCIAL FRAUD IS A PLAGUE" in the House. The speech addressed taxes and also covered defense, trade policy.

FINANCIAL FRAUD IS A PLAGUE

Congressional Record, Volume 172 Issue 73 (Monday, April 27, 2026) [Congressional Record Volume 172, Number 73 (Monday, April 27, 2026)] [House] [Pages H3096-H3097] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] FINANCIAL FRAUD IS A PLAGUE (Mr. Hill of Arkansas was recognized to address the House for 5 minutes.) Mr. HILL of Arkansas. Mr. Speaker, financial fraud is a plague. Financial fraud is one of the fastest growing crimes in this country, harming families and seniors across the Nation. Last year alone, Americans lost more than $12.5 billion to scams. These crimes steal hard-earned savings and retirement funds. They destroy lives, and they undermine confidence in our financial system. That is why it is critical for every American to take simple steps to protect themselves. Never share banking or personal information unless you have verified the source. Be cautious of unsolicited calls and emails. Review bank statements regularly, and use and develop strong passwords and multifactor authentication to secure your accounts. If you suspect fraud, report it immediately to law enforcement or the FBI's Internet Crime Complaint Center. Mr. Speaker, as chairman of the House Financial Services Committee, I have a mission to protect both Arkansans and all Americans from financial crime. It remains a top priority. Expressing Appreciation to First Service Bank of Arkansas Mr. HILL of Arkansas. Mr. Speaker, I rise today to express appreciation to First Service Bank of Arkansas for their contributions to our beloved, respected Arkansas military community through their annual Operation Red, White, and Brave. This program has raised both awareness and funds that provide resources for home modifications and financial assistance efforts for both veterans and current Active-Duty members and their families throughout our central Arkansas area. This program raises money through donations, events, and an annual charity golf clinic. Mr. Speaker, every day, I love representing the amazing volunteers and generous citizens across our Second District. Local community businesses like First Service Bank that dedicate time and effort to help our veterans and the people of Arkansas are a real feature and strength of central Arkansas. Congratulating Randy Massanelli Mr. HILL of Arkansas. Mr. Speaker, I rise today to congratulate Randy Massanelli on his retirement as vice chancellor of the Government and Community Relations unit at the University of Arkansas and to thank him for his dedicated service to his community and our proud State. As a native of Pine Bluff, Arkansas, and a proud graduate of the University of Fayetteville, Mr. Massanelli served in the United States Army for 15 years, rising to the rank of major before moving to higher education. While in the Army, Randy served in numerous assignments as the officer in charge of ground convoy movements for the Pershing II missiles in Europe and a combat tour in the Persian Gulf [[Page H3097]] war, earning countless honors, including the Bronze Star for service and sacrifice. In 2014, Mr. Massanelli joined the University of Arkansas and has been bringing his keen judgment and personal experience, working tireless hours to help obtain important research grants and funding for the University of Arkansas. Mr. Speaker, I thank my friend, Randy Massanelli, for his years of service and commitment to Arkansas. His work is a model for future generations of public servants, and his devotion to our State is truly commendable. ____________________