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Chairman Bachus Announces Committee Schedule for Feb. 1-8

Washington, Jan 25 -

Financial Services Committee Chairman Spencer Bachus on Wednesday announced the Committee’s schedule for the first two weeks of February.

All Committee activity will take place in room 2128 Rayburn House Office Building.  Witnesses for the hearings will be announced at later dates.

Wednesday, February 1:  The Subcommittee on Insurance, Housing and Community Opportunity will hold a hearing at 10 a.m. to review efforts by the Department of Housing and Urban Development to implement the Manufactured Housing Improvement Act of 2000.

Wednesday, February 1:  The Subcommittee on Financial Institutions and Consumer Credit will hold a hearing on H.R. 3461, the Financial Institutions Examination Fairness and Reform Act, sponsored by Subcommittee Chairman Shelley Moore Capito and Ranking Member Carolyn Maloney.  The hearing will begin at 2 p.m.

Thursday, February 2:  The Subcommittee on Oversight and Investigations will continue its investigation into the collapse of MF Global with a hearing at 10 a.m.  The hearing will address how MF Global managed risk, how this risk was disclosed to investors and customers, and how credit rating agencies evaluated this risk.  The Subcommittee held an earlier hearing looking into the collapse of MF Global on December 15.

Tuesday, February 7:  The Subcommittee on Insurance, Housing and Community Opportunity will mark up H.R. 32, the Homeless Children and Youth Act of 2011, sponsored by Subcommittee Chairman Judy Biggert.  The Subcommittee will also mark up legislation concerning affordable housing and reform of the Federal Housing Administration.  The Subcommittee will meet at 10 a.m.

Wednesday, February 8:  The Subcommittee on Financial Institutions and Consumer Credit will hold a hearing at 10 a.m. on legislation concerning accountability and transparency at the Consumer Financial Protection Bureau (CFPB).  Bills that will be discussed at the hearing include H.R. 1355, the Bureau of Consumer Financial Protection Accountability and Transparency Act of 2011, sponsored by Rep. Randy Neugebauer, and H.R. 2081, which would remove the CFPB Director from membership on the Board of Directors of the Federal Deposit Insurance Corporation (FDIC).  H.R. 2081 is sponsored by Rep. Jim Renacci.

Wednesday, February 8:  The Subcommittee on Capital Markets and Government Sponsored Enterprises will hold a hearing to examine legislative proposals to limit the extraterritorial impact of the Dodd-Frank Act.  The hearing will take place at 2 p.m.