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Cmte Financial Services (R)
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Committee Maintains Focus on Economy and Jobs

Washington, May 13 -

Financial Services Committee Chairman Spencer Bachus announced the Committee’s planned schedule for the weeks of May 23 and May 30. The schedule shows the Committee will continue focusing on policies that encourage economic growth and job creation.

“Promoting policies that will strengthen our economy and create jobs remains our Committee’s top priority,” said Chairman Bachus.  “With the nation’s unemployment rate at nine percent -- almost two years after the recession was declared over -- we will maintain our focus on economic growth and new jobs in the coming weeks.”

The schedule remains tentative and will depend upon witness availability and other factors that may require changes. Therefore, each meeting will become final only when the official notice is distributed.  Hearing witnesses will be announced at later dates.

Tuesday, May 24:

·         Full Committee markup of H.R. 1573 at 9 a.m. in room 2128 Rayburn.  H.R. 1573 will restore order to the Dodd-Frank derivatives rulemaking process and ensure the U.S. economy is not placed at a competitive disadvantage with other countries.

·         At 2 p.m. or as soon as the Full Committee markup ends, the International Monetary Policy and Trade Subcommittee will convene a hearing on a legislative proposal to secure American jobs through exports in room 2128 Rayburn.

Wednesday, May 25:

·         Insurance, Housing and Community Opportunity Subcommittee hearing on the future role of FHA and Ginnie Mae in the single-family and multi-family mortgage markets at 10 a.m. in room 2128 Rayburn.

·         Capital Markets and Government Sponsored Enterprises Subcommittee hearing on legislative proposals to reform Government Sponsored Enterprises at 2 p.m. in room 2128 Rayburn.

Thursday, May 26:

·         Financial Institutions and Consumer Credit Subcommittee hearing on the FDIC at 9:30 a.m. in room 2128 Rayburn.

Wednesday, June 1:

·         Full Committee hearing with Treasury Secretary Timothy Geithner on the state of the international financial system at 10 a.m. in room 2128 Rayburn.

·         Domestic Monetary Policy and Technology Subcommittee hearing on the Federal Reserve’s liquidity programs at 2 p.m. in room 2128 Rayburn.

Thursday, June 2:

·         International Monetary Policy and Trade Subcommittee markup to reauthorize the Export-Import Bank at 10 a.m. in room 2128 Rayburn.

Friday, June 3:

·         Full Committee hearing on the independent study conducted by the Boston Consulting Group on reforming the SEC at 10 a.m. in room 2128 Rayburn.