Washington, DC – March 22, 2013 – (RealEstateRama) — House Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s schedule for April. Throughout the month, the committee will continue its focus on creating a sustainable housing finance policy, relieving the regulatory burden on small community financial institutions, and ending “Too Big to Fail.”
So far this year the committee has held five hearings on the need for a sustainable housing policy. Federal Housing Finance Agency Acting Director Ed DeMarco, the regulator of Fannie Mae and Freddie Mac, testifiedthis week before the committee on the need to substantially reduce or eliminate the federal government’s role in the mortgage market. Additional expert witnesses have testified to the committee that current practices of the Federal Housing Administration (FHA) are unsustainable.
All hearings will take place in the Financial Services Committee’s main hearing room, 2128 Rayburn. Witnesses for the hearings will be announced at later dates.
The Committee schedule is tentative and will depend upon witness availability and other factors that may require changes. Therefore, each meeting will become final only when the official notice is distributed.
April 5 at 10:00 A.M. The Oversight and Investigations Subcommittee will examine reports of waste, fraud and abuse at the Department of Housing and Urban Development.
April 10 at 10:00 A.M. The Housing and Insurance Subcommittee will hold a hearing on the future of the FHA.
April 10 at 2:00 P.M. The Financial Institutions and Consumer Credit Subcommittee will discuss regulatory relief for small community financial institutions.
April 11 at 10:00 A.M. The Monetary Policy and Trade Subcommittee will examine the U.S. role in the International Monetary Fund (IMF).
April 11 at 2:00 P.M. The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing to review legislation to reform derivatives provisions of the Dodd-Frank Act.
April 16 at 10:00 A.M. The Financial Institutions and Consumer Credit Subcommittee will hold a hearing on regulatory relief for small community financial institutions.
April 16 at 2:00 P.M. The Oversight and Investigation Subcommittee will hold its second in a series of hearings on the need to end “Too Big to Fail.”
April 17 at 10:00 A.M. The full committee will hold a hearing on impediments to private capital in the housing finance system.
April 24 at 10:00 A.M. The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing to review how Sallie Mae was successfully wound down as a GSE.
April 24 at 2:00 P.M. The Monetary Policy and Trade Subcommittee will hold its second hearing on the U.S. role in the IMF.