Rep Cmte Financial Services

Committee Schedules Hearings on Terror Financing and Preserving Retirement Security

Washington, Sep 3 -

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the week of September 7.

Wednesday, September 9 at 10:00 A.M. - The Task Force to Investigate Terrorism Financing will hold a hearing entitled “Could America Do More? An Examination of U.S. Efforts to Stop the Financing of Terror.”

Thursday, September 10 at 10:00 A.M. - The Oversight and Investigations Subcommittee and the Capital Markets and Government Sponsored Enterprises Subcommittee will hold a joint hearing on “Preserving Retirement Security and Investment Choices for All Americans.”  The subcommittees will consider the Department of Labor’s (DOL) proposed rule to redefine fiduciary and its consequences for retirement savers, retail investors and the economy.  At the hearing, members will also discuss H.R. 1090, the Retail Investor Protection Act, introduced by Rep. Ann Wagner (R-MO).  H.R. 1090 would require the proposed rule to first be issued by the Securities and Exchange Commission.

“This proposed rule from the Department of Labor is completely unworkable and will shut out millions of low and middle-income investors from the retirement savings advice market.  The Retail Investor Protection Act will put a hold on the DOL rule in order to prevent unintended consequences that make it more difficult for people to save for their retirement,” said Rep. Wagner.

Both hearings will take place in room 2128 of the Rayburn House Office Building and will also be webcast.  Additional information about each hearing, including a list of invited witnesses, will be available online at