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News Now

Washington
Two Housing Finance Hearings Anchor Washington Week
WASHINGTON (11/19/13)--Housing finance reform will again be a hot topic as the U.S. Congress meets before the Thanksgiving holiday break.

Today's hearing, entitled "Housing Finance Reform: Fundamentals of Transferring Credit Risk in a Future Housing Finance System," will feature testimony from Federal Housing Finance Agency (FHFA), Freddie Mac, and Fannie Mae representatives, among others.

The powers and structure of a strong regulator will be examined in the second Senate Banking Committee housing hearing of the week. FHFA General Counsel Alfred Pollard, Federal Deposit Insurance Corp. Division of Insurance and Research Director Diane Ellis and Arizona Department of Insurance Assistant Director Kurt Regner, CFE, are among those scheduled to speak at the Thursday, Nov. 21 hearing.

The Senate Banking Committee is holding weekly hearings on the topic with the hopes of crafting plans for a future housing finance market. The ranking committee Republican, Rep. Mike Crapo (Idaho), recently said a bill could be marked up soon.

The House Financial Services Committee has also scheduled a Wednesday markup of pending legislation related to the Consumer Financial Protection Bureau.

Other hearings scheduled this week include:
  • A Tuesday House Financial Services oversight and investigations subcommittee hearing entitled "A General Overview of Disparate Impact Theory";
  • A Tuesday House Financial Services housing and insurance subcommittee hearing entitled "Implementation of the Biggert-Waters Flood Insurance Act of 2012: Protecting Taxpayers and Homeowners"; and
  • A joint Senate Banking subcommittee hearing entitled "The Present and Future Impact of Virtual Currency."
On Thursday, the House Financial Services capital markets and government sponsored enterprises subcommittee has scheduled a hearing on the Restoring Main Street Investor Protection and Confidence Act (H.R. 3482).


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