Patrick McHenryChairman

Hearing Entitled: Uncertain Debt Management: Treasury Markets and Financial Institutions
Tuesday, June 6, 2023 10:00 AM in 2128 RHOB
Subcommittee on Financial Institutions and Monetary Policy

Click here to view the LIVESTREAM of this hearing.

Click here to view the Committee Memorandum.

Legislation

• H.R. __, a bill require the Chairperson of the Financial Stability Oversight Council to provide contingency plans for a disruption in the timing of payment on Treasury securities, and for other purposes.

• H.R. __, a bill to require the Secretary of the Treasury to issue a report containing information on extraordinary measures available when the debt of the United States Government approaches the statutory limit, and for other purposes.

• H.R. __, a bill to require testimony and reports by the Secretary of the Treasury in anticipation of the debt of the United States Government reaching the statutory limit, and for other purposes.

• H.R. __, a bill to amend the Federal Reserve Act to bring the non-monetary policy related functions of the Board of Governors of the Federal Reserve System into the appropriations process, and for other purposes.

• H.R. __, a bill to increase the asset thresholds at which financial institutions become subject to certain requirements, and for other purposes.

• H.R. __, a bill to permit insured depository institutions to pay certain assessments to the Deposit Insurance Fund using Treasury securities, and for other purposes.

Witnesses

• Mr. Grant Driessen, Specialist in Public Finance, Congressional Research Service

• Mr. Jeff Arkin, Director, Strategic Issues Team, Government Accountability Office 
  

Hearing Video