financialservices.house.gov

Cmte Financial Services (R)
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Financial Services Committee Activity for the Week of January 30

Washington, Jan 30 -

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of January 30.

On Wednesday, the House of Representatives is scheduled to consider a joint resolution of disapproval of the Securities and Exchange Commission’s (SEC) resource extraction rule.  This resolution is provided for under the Congressional Review Act and was introduced by Capital Markets, Securities and Investment Subcommittee Chairman Bill Huizenga (R-MI).

The SEC’s rule, mandated by Section 1504 of the Dodd-Frank Act, puts American public companies at a competitive disadvantage to their foreign competitors, especially state-owned foreign corporations in countries like China and Russia.  The SEC rule is a politically motivated mandate that the SEC’s Acting Chairman said is “largely contrary to the [SEC’s] core mission.”

On Thursday at 11:00 a.m. EST, the Committee will hold an Organizational meeting to adopt its rules for the 115^th Congress and formally appoint Members to Subcommittees. This meeting will take place in Room 2128 of the Rayburn House Office Building and live video of the proceedings will be available on the Committee’s website.

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