Rep Cmte Financial Services

Subcommittee to Assess Negative Impact Administration Actions Are Having on U.S. Investors

Washington, Jun 6 -

The Subcommittee on Capital Markets and Government Sponsored Enterprises will meet for a hearing on Thursday to examine recent actions taken by the Obama Administration that have favored particular groups at the expense of U.S. investors.

“We are holding this hearing to examine a number of actions taken by the Obama administration where they have sided with big banks, deadbeat foreign governments and big labor at the expense of public pension funds, 401(k) plans, university endowments, mutual funds, insurance companies, foundations and municipal entities.  Investor protection is tantamount to ensuring healthy and well-functioning capital markets.  The administration should be working to protect investors, not harm them,” said Subcommittee Chairman Scott Garrett.

In particular, the hearing will focus on:

The hearing will take place on Thursday, June 7 at 2 p.m. in room 2128 Rayburn House Office Building.