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News Now

Washington
This Week: Housing, Small Biz Issues Hit Hearing Spotlight
WASHINGTON (5/14/13)--A host of hearings on housing issues, Too Big To Fail banks, small businesses and general tax issues highlight what should be another busy week for U.S. House and Senate financial services committees.

Today the Senate Banking securities insurance and investment subcommittee will discuss returning private capital to mortgage markets. A mix of industry experts and academics is scheduled to testify.

Wednesday hearings include:

  • A House Financial Services oversight and investigations subcommittee hearing entitled "Who Is Too Big to Fail: Does Title II of the Dodd-Frank Act Enshrine Taxpayer-Funded Bailouts?";
  • A House Ways and Means select revenue measures subcommittee hearing on the discussion draft of "Small Business and Pass-through Entity Tax Reform";
  • A House Small Business Committee hearing entitled "Patent Reform Implementation and New Challenges for Small Businesses"; and
  • A Senate Banking securities, insurance and investment subcommittee hearing on the impact of cross-border bank resolution on taxes and the economy.
Federal Deposit Insurance Corp. Office of Complex Financial Institutions Director Jim Wigand, Federal Reserve Division of Banking Supervision and Regulation Director Michael Gibson and U.S. Department of the Treasury Office of International Banking and Securities Markets Director William Murden are scheduled to testify during that hearing.

The House Financial Services Committee on Thursday will hold an oversight hearing on the Securities and Exchange Commission. That body's subcommittee on housing and insurance will also hold a hearing entitled "Sustainable Housing Finance: The Government's Role in Multifamily and Heath Care Facilities Mortgage Insurance and Reserve Mortgages" on that same date.
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