Rep Cmte Financial Services

Weekly Rundown

Washington, Jun 10 -

We’ll hold four hearings -- including full committee action on sustainable housing finance reform -- this week in addition to our three (and a half) bills on the House Floor. Be sure to check back here on the Bottom Line Blog -- and subscribe to our email lists  --  for updates throughout the week.

Here’s what’s happening:

We’re told on Tuesday the Rules Committee will meet at 5 p.m. to consider a rule for H.R. 1256, the Swap Jurisdiction Certainty Act.

On Wednesday at 10 a.m. the full committee meets to examine examples of successful housing finance models without explicit government guarantees as part of our ongoing effort  to build a sustainable housing finance system.

After one-minute speeches on the House Floor at approximately 12:30 p.m., H.R. 634, the Business Risk Mitigation and Price Stabilization Act of 2013 and H.R. 2167, the Reverse Mortgage Stabilization Act of 2013 will be considered under suspension of the rules. The Agriculture Committee will then call up H.R. 742, the Swap Data Repository and Clearing House Indemnification Correct Act of 2013, on which we share jurisdiction.

At 2 p.m. the Capital Markets & GSEs Subcommittee will begin their look at reducing barriers to capital formation before recessing around 3 p.m. for House Floor consideration of H.R. 1256, the Swap Jurisdiction Certainty Act. After debate on H.R. 1256 has concluded, the subcommittee hearing will resume.

We’ll round out the week on Thursday with two additional subcommittee hearings. At 10 a.m. the Monetary Policy & Trade Subcommittee will assess reforms at the Export-Import Bank and at 1 p.m. the Housing & Insurance Subcommittee will examine the impact of international regulatory standards on the competitiveness of U.S. insurers.