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Media Advisory: Committee Hearing Schedule for the Week of March 20


Washington, Mar 17 -

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for the week of March 20:

Tuesday, March 21 at 10:00 A.M. – The Oversight and Investigations Subcommittee will hold a hearing entitled “The Bureau of Consumer Financial Protection’s Unconstitutional Design.” The hearing will examine whether the structure of the CFPB violates the Constitution as well as structural changes to the Bureau to resolve any constitutional infirmities.

Tuesday, March 21 at 2:00 P.M. – The Financial Institutions and Consumer Credit Subcommittee will hold a hearing entitled “Ending the De Novo Drought: Examining the Application Process for De Novo Financial Institutions.” The number of new, or “de novo,” bank and credit union charters has declined to historic lows since the passage of the Dodd-Frank Act. The hearing will scrutinize recent trends in de novo entry, the current regulatory framework surrounding the formation of new banks and credit unions, and the impact of reduced new bank and credit union creation on consumers and the broader U.S. economy.

Wednesday, March 22 at 10:00 A.M. – The Monetary Policy and Trade Subcommittee will hold a hearing entitled “Examining Results and Accountability at the World Bank.” The hearing will examine the effectiveness of the World Bank’s activities in low income countries, including the Bank’s ability to reduce poverty and responsibly administer donor resources. The hearing will also address the Bank’s accountability to beneficiaries and its competence in local project management, including respect for individual rights and adherence to relevant safeguards.

Wednesday, March 22 at 2:00 P.M. – The Capital Markets, Securities and Investment Subcommittee will hold a hearing entitled “The JOBS Act at Five: Examining Its Impact and Ensuring the Competitiveness of the U.S. Capital Markets.” It is important that the U.S. capital markets remain globally competitive as the number of international financing centers increases. The hearing will examine what issues are hampering the competitiveness of the U.S. capital markets and what actions should be taken to address those issues.

All hearings will take place in Room 2128 of the Rayburn House Office Building and will be broadcast live on www.financialservices.house.gov/.

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