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Financial Services Committee Releases May Hearing Schedule


Washington, Apr 27 -

The Financial Services Committee released its hearing schedule for the month of May on Friday.

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 announced at later dates.

Unless otherwise noted, all hearings will take place in 2128 Rayburn House Office Building.

May 7 at 8:30 a.m. 
The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a field hearing in Chicago at 8:30 a.m. local time to review real-estate-owned properties held by GSEs and the Federal Housing Finance Agency’s pilot program to rent these properties.  The hearing will take place at the Dirksen Federal Building – Room 1903, 219 South Dearborn Street in Chicago.

May 8 at 10 a.m. 
The Domestic Monetary Policy and Technology Subcommittee will examine legislative proposals to reform the Federal Reserve System.

May 9 at 10 a.m. 
The Financial Institutions and Consumer Credit Subcommittee will examine the impact Dodd-Frank Act regulations are having on small banks’ lending and investment activities.

May 9 at 2 p.m. 
The Insurance, Housing and Community Opportunity Subcommittee will examine the Home Equity Conversion Mortgage program, the Federal Housing Administration’s reverse mortgage insurance program that allows borrowers 62 or older to convert home equity into a monthly income stream, lump sum payment, or line of credit. 

May 10 at 10 a.m. 
The International Monetary Policy and Trade Subcommittee will hold a hearing on the consequences of requiring Securities and Exchange Commission (SEC) registrants to provide disclosures about the use of minerals from the Congo region.

May 16 at 10 a.m. 
The Financial Institutions and Consumer Credit Subcommittee will examine how the Financial Stability Oversight Council (FSOC) intends to exercise its discretionary authority to designate nonbank financial firms as “Systemically Significant Financial Institutions” (SIFIs). 

May 16 at 2 p.m.
The International Monetary Policy and Trade Subcommittee will hold a hearing to examine the access U.S. financial services firms have to China’s consumer market and what actions the U.S. can take to support firms seeking to do business in China.

May 16 at 2 p.m. 
The Oversight and Investigations Subcommittee will hold a hearing on the FDIC’s Structured Transaction Program, which allows the FDIC to extend subsidies to selected private sector institutions that manage and sell distressed commercial and residential real estate.  This hearing will take place in Room 2220 Rayburn House Office Building.

May 17 at 10 a.m.
The Financial Services Committee will hold a hearing to examine the policies of Federal financial regulatory agencies when settling claims against defendants that neither admit nor deny wrongdoing in connection with the settlement.

May 17 at 2 p.m. 
The Insurance, Housing and Community Opportunity Subcommittee will examine issues affecting the ability of U.S.-domiciled insurance and reinsurance companies to compete internationally and create jobs.

May 18 at 9:30 a.m. 
The Financial Institutions and Consumer Credit Subcommittee will hold a hearing on the Dodd-Frank Act’s Collins amendment regarding bank capital requirements.