Rep Cmte Financial Services

Media Advisory: Committee Hearing Schedule for the Week of September 26

Washington, Sep 23 -

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of Sept. 26:

Tuesday, Sept. 27 at 10:00 a.m. – The Subcommittee on Financial Institutions and Consumer Credit will hold a hearing entitled “Examining Legislative Proposals to Address Consumer Access to Mainstream Banking Services.” The purpose of the hearing is to receive testimony on the following legislative proposals:

Tuesday, Sept. 27 at 2:00 p.m. – The Subcommittee on Monetary Policy and Trade will hold a hearing entitled “The Financial Stability Board’s Implications for U.S. Growth and Competitiveness.” This hearing will examine the Financial Stability Board’s (FSB) effects on the financial services industry’s ability to perform effectively for customers, compete internationally, and contribute to a sound financial system. The hearing will also investigate whether the FSB encourages a “one-size-fits-all” approach to regulation that ignores the particular contexts of member countries’ economies and institutions.

Wednesday, Sept. 28 at 10:00 a.m. – Federal Reserve Chair Janet Yellen will deliver Semi-Annual Testimony before the Financial Services Committee on the Federal Reserve’s Supervision and Regulation of the Financial System.  The Dodd-Frank Act created a new position on the Federal Reserve Board of Governors – the Vice Chairman for Supervision – who is required to testify semi-annually before Congress.  As the President has not appointed an individual to serve in this role, Chair Yellen is appearing semi-annually to testify before the Committee until the position is filled.

Wednesday, Sept. 28 at 2:00 p.m. – The Subcommittee on Housing and Insurance will hold a hearing entitled “The Impact of U.S.-E.U. Dialogues on U.S. Insurance Markets.” The hearing will focus on the various international regulatory standards being considered by the G-20, the Financial Stability Board, the International Association of Insurance Supervisors, and other international supervisory authorities.

Thursday, Sept. 29 at 10:00 a.m. – The Financial Services Committee will hold a hearing entitled “Holding Wall Street Accountable: Investigating Wells Fargo’s Opening of Unauthorized Customer Accounts.”  The Committee launched an investigation of the opening of unauthorized customer accounts at Wells Fargo & Co. last week.

All committee activity will take place in Room 2128 of the Rayburn House Office Building.  Additional information, including a list of witnesses and live video of the proceedings, will be available on the Committee’s website.