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Cmte Financial Services (R)
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Financial Services Committee Releases September Schedule

Washington, Aug 31 -

Financial Services Committee Chairman Spencer Bachus on Thursday announced the Committee’s hearing schedule for the month of September.

Hearing on the Terrorism Risk Insurance Act: On Tuesday, September 11, the Subcommittee on Insurance, Housing and Community Opportunity will hold a hearing to examine the Terrorism Risk Insurance Act (TRIA), which was enacted in 2002 and is scheduled to expire at the end of 2014. The Subcommittee will hear from witnesses on the private sector’s current capacity to offer terrorism insurance coverage and other options for encouraging greater private sector participation in the terrorism insurance marketplace after the expiration of TRIA. The hearing will take place at 10 a.m. in room 2128 Rayburn House Office Building.

Full Committee Markup: On Wednesday, September 12, the Financial Services Committee will mark up pending legislation, a list of which will be released at a later date. The markup will take place at 10 a.m. in room 2128 Rayburn House Office Building.

JOBS Act Implementation: On Thursday, September 13, the Capital Markets Subcommittee and the Oversight and Government Reform Subcommittee on TARP and Financial Services will hold a joint hearing on the implementation of the JOBS Act (Jumpstart Our Business Startups Act). The hearing will begin at 10 a.m. in room 2154 Rayburn House Office Building. The JOBS Act is comprised of six bills that originated in and were originally approved by the Committee with bipartisan support before their passage by the House and Senate. Its provisions will help startup companies and entrepreneurs access capital and create jobs. The JOBS Act was signed into law on April 5, 2012.

Examination of Credit Reporting Issues: The Financial Institutions and Consumer Credit Subcommittee will hold a hearing on Thursday, September 13 at 2 p.m. to discuss issues related to credit reporting agencies, commonly called credit bureaus, and credit scores. The hearing will take place in room 2128 Rayburn House Office Building.

Helping Homeless Veterans: On Friday, September 14 at 9:30 a.m., the Subcommittee on Insurance, Housing and Community Opportunity will examine barriers that homeless and low-income veterans face in securing housing assistance and services from federal agencies. The Subcommittee will also explore ideas to improve the effectiveness and efficiency of housing services for veterans. The hearing will take place in room 2128 Rayburn House Office Building.

CFPB Oversight: The Financial Services Committee will meet on Thursday, September 20 at 10 a.m. to review and discuss the semi-annual report from the Consumer Financial Protection Bureau with Director Richard Cordray. The hearing will take place in room 2128 Rayburn House Office Building.

Monetary Effects of Interest Rates: On Thursday, September 20 at 2 p.m., the Subcommittee on Domestic Monetary Policy and Technology will hold a hearing to examine the monetary effects of interest rates and the consequences of interest rate setting as a monetary policy tool employed by the Federal Reserve. The hearing will take place in room 2220 Rayburn House Office Building.

NOTE: The Committee’s 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. Additional information about each hearing, as well as a list of witnesses, will be released at later dates.