Media Advisory: Committee Hearing Schedule for the Week of May 13
Washington,
May 13, 2016 -
WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of May 16:
Tuesday, May 17 at 10:00 A.M. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled “Interest on Reserves and the Fed’s Balance Sheet.” The hearing will examine how the Fed’s ability to pay interest on reserves was authorized, how increased reserve deposits facilitated an expansion of the Fed’s balance sheet, how the Fed’s asset purchases may be affecting credit allocation and economic performance, and how strategies to shrink the balance sheet might increase political pressures on monetary policy independence.
Tuesday, May 17 at 2:00 P.M. – The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing on legislative proposals to enhance capital formation, transparency, and regulatory accountability. The hearing will also examine the current competitiveness of U.S. capital markets and regulatory burdens impacting capital formation, job creation, and economic growth.
Wednesday, May 18 at 2:00 P.M. – The Financial Institutions and Consumer Credit Subcommittee will hold a hearing entitled “Examining the CFPB’s Proposed Rulemaking on Arbitration: Is it in the Public Interest and for the Protection of Consumers?” The Dodd-Frank Act requires the Bureau of Consumer Financial Protection to conduct a study of arbitration agreements in conjunction with the offering of consumer financial products or services, and to regulate the practice where consistent with the findings of its required report to Congress. This hearing will give subcommittee members the opportunity to examine both the Bureau’s published report and proposed rule.
Thursday, May 19 at 9:15 A.M. – The Oversight and Investigations Subcommittee will hold a hearing entitled “Settling the Question: Did Bank Settlement Agreements Subvert Congressional Appropriations Powers?” This hearing will examine residential mortgage-backed securities settlements reached between the Department of Justice and several banks in the wake of the financial crisis and whether they subverted the congressional appropriations process by requiring payments to third parties who were not harmed.
All hearings 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.
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