WASHINGTON (2/28/13)--Monetary policy, the U.S. housing system, and regulatory burdens that hinder economic growth are areas of focus on the House Financial Services Committee's hearing agenda next month, according to a schedule released Wednesday by its chairman.
Rep. Jeb Hensarling (R-Texas) said his committee's attention in March will also focus on ending "Too Big to Fail."
Of particular interest to credit unions will be a March 20 hearing by the Financial Institutions and Consumer Credit Subcommittee on the growing burden of federal regulations on small financial institutions across the country.
Noting that the schedule can change and that each meeting will become final only when an official notice is distributed, the committee also released these dates:
- March 5--The Monetary Policy and Trade Subcommittee will explore reactions to Federal Reserve Chairman Ben Bernanke's recent testimony before the House and Senate on the economy and monetary policy;
- March 6--The Capital Markets and Government-Sponsored Enterprises Subcommittee will examine the onset of the financial crisis of 2008-09 and any role Fannie Mae and Freddie Mac may have played;
- March 13--The Housing and Insurance Subcommittee will examine competitive advantages that might be enjoyed by the Federal Housing Administration and how they could crowd out private capital in housing finance;
- March 14--The Oversight and Investigations Subcommittee will hold a hearing on the Financial Stability Oversight Council and its role in determining which institutions are "Too Big to Fail"; and
- March 19--The Financial Services Committee will hold a hearing on the Federal Housing Finance Agency.
Also this week committee chairman Hensarling, speaking Tuesday at the Credit Union National Association's Governmental Affairs Conference in Washington, D.C., said he will help credit unions preserve their tax status.