On Friday, April 28, 2017, House Financial Services Committee Democrats will lead an additional hearing on H.R. 10, also known as the Wrong Choice Act. The hearing, referred to as a “Minority Day Hearing,” is the first hearing before the Financial Services Committee under the 115th Congress where Democrats can select the panel of witnesses. This hearing is historic in that the parliamentary maneuver Democrats successfully used to convene this hearing has not succeeded in the Committee in 20 years.
The hearing will feature witnesses, including Senator Elizabeth Warren (D-MA), who will inform the public on the ways the Wrong Choice Act would harm consumers, investors and the economy, and the ways the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) has improved accountability in the financial system and protected Americans from risky and predatory Wall Street practices. The hearing will once again make the case that the Wrong Choice Act would remove critical safeguards in Dodd-Frank, bringing us back to the darkest days of the financial crisis.
This hearing is the last scheduled hearing to review Chairman Hensarling’s Wrong Choice Act.
WHO: House Financial Services Committee
WHAT: Democratic hearing on the Wrong Choice Act
WHEN: Friday, April 28, 2017
9:15 a.m. EDT
WHERE: House Financial Services Committee Hearing Room
2128 Rayburn House Office Building
Washington, DC 20515
The Honorable Elizabeth Warren, United States Senator
Rohit Chopra, Senior Fellow, Consumer Federation of America
Corey Klemmer, Corporate Research Analyst, Office of Investment, AFL-CIO
Rev. Willie Gable, Pastor, National Baptist Convention USA, Inc.
John C. Coffee Jr., Adolf A. Berle Professor of Law, Columbia University
Rob Randhava, Senior Counsel, Leadership Conference on Civil and Human Rights
Melanie Lubin, Maryland Securities Commissioner, North American Securities Administrators Association
Emily Liner, Senior Policy Advisor, Economic Program, Third Way
Amanda Jackson, Organizing and Outreach Manager, Americans for Financial Reform
Ken Bertsch, Executive Director, Council of Institutional Investors
Sarah Edelman, Director, Housing Policy, Center for American Progress (CAP)