House Financial Services Committee to Hold Seven Hearings in September

Sep 2, 2020Congressional Legislation, News

This month, the House Financial Services Committee (HFSC) will hold seven virtual and hybrid hearings on a range of topics, including financial regulatory accountability and the economic response to the COVID-19 pandemic. For virtual hearings, members will participate entirely remotely, while in the hybrid hearing format, access to the hearing room will be limited to members, Committee staff, and witnesses in an effort to ensure social distancing.

The month’s slate of hearings will begin on September 8 at 12:00 PM, when the Subcommittee on Diversity and Inclusion will hold a virtual hearing titled “Holding Financial Regulators Accountable for Diversity and Inclusion: Perspectives from the Offices of Minority and Women Inclusion.”

Later that week, on September 10 at noon, another virtual hearing entitled “The Need for Financial Aid to America’s States and Territories During the Pandemic” will take place before the full Committee. There, the Committee hopes to  evaluate support for essential workers and prevent mass layoffs.

The HFSC will also meet virtually on September 16 at noon for a hearing on “Prioritizing Fannie’s and Freddie’s Capital over America’s Homeowners and Renters? A Review of the Federal Housing Finance Agency’s Response to the COVID-19 Pandemic”. Then, on September 17 at 12:00 PM, the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will virtually hear witnesses on “Insider Trading and Stock Option Grants” to examine corporate integrity during the pandemic.

A hybrid hearing for the HFSC entitled “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” will take place on September 22 at 10:30 AM. The Subcommittee on National Security, International Development, and Monetary Policy will convene for the other hybrid hearing, entitled “An Examination of the Administration’s Implementation of Statutory Reforms to the Committee On Foreign Investment in the United States” on September 24 at 12:00 PM.

Lastly, the Task Force on Financial Technology will convene on September 29 at 12:00 PM for a virtual hearing entitled “License to Bank: Examining the Legal Framework Governing Who Can Lend and Process Payments in the Fintech Age.”

Click here to view the live streams of each hearing. When the HFSC issues an official notice, committee activities will be finalized.

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