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Washington
House Financial Services July schedule released
WASHINGTON (7/18/11)--The House Financial Services Committee will again convene on Wednesday when it holds a markup session for pending legislation at 10 a.m. ET, committee Chairman Spencer Bachus (R-Ala.) said in a Friday release. The schedule for the remainder of July was also released on Friday. The highest profile hearing will take place at 10 a.m. ET on Thursday, July 28, when U.S. Treasury Secretary Timothy Geithner delivers the first yearly Financial Stability Oversight Council report and covers the status of the international financial system. That hearing will take place before the full House Financial Services Committee at 9:30 a.m. ET. The status of the Federal Insurance Office will be covered during an insurance, housing, and community opportunity subcommittee hearing later that day. The financial institutions and consumer credit subcommittee will discuss the rent-to-own industry at 10 a.m. ET on Tuesday, July 26, and the domestic and monetary policy subcommittee will follow with a 2 p.m. ET hearing monetary policy’s impact on the economy. The relationship between the health of the U.S. housing finance system and global financial stability will be examined during a Wednesday, July 27 morning hearing before the international and monetary policy subcommittee. The oversight and investigations subcommittee has set a hearing on credit rating agencies for later that day. Bachus said that the committee “will continue promoting policies that encourage growth, investment and new jobs,” and will continue to focus on financial services industry oversight. The committee in its release stressed that all scheduled hearings are subject to change. The House is set to begin its August recess on Aug. 8, and is not scheduled to return until Sept. 5.


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