Updated Committee Hearing Schedule

Washington,Below is an updated list of Financial Services Committee hearings reflecting changes made to the schedule that was announced on Monday, March 13:

Thursday, March 16 at 10:00 A.M. - The Monetary Policy and Trade Subcommittee will hold a hearing entitled "Sound Monetary Policy." The hearing will examine how the Federal Reserve departed from conventional monetary policy and whether this departure fulfilled its objectives, as well as how the Fed can facilitate an orderly return to a more conventional and reliable monetary policy in terms of asset holdings, balance sheet size, and interest rate policy.

Thursday, March 16 at 2:00 P.M. - The Housing and Insurance Subcommittee will hold a hearing entitled "Flood Insurance Reform: A Community Perspective." The hearing will examine the National Flood Insurance Program (NFIP) from a community-level perspective, including reforms needed that would provide more transparency in claims, payments and how the private sector could further develop a private flood insurance market that compliments or exceeds the current NFIP model.

Tuesday, March 21 at 2:00 P.M. - The Financial Institutions and Consumer Credit Subcommittee will hold a hearing entitled "Ending the De Novo Drought: Examining the Application Process for De Novo Financial Institutions." The number of new, or "de novo," bank and credit union charters has declined to historic lows since the passage of the Dodd-Frank Act. The hearing will scrutinize recent trends in de novo entry, the current regulatory framework surrounding the formation of new banks and credit unions, and the impact of reduced new bank and credit union creation on consumers and the broader U.S. economy.

This hearing was originally scheduled for Wednesday, March 15.

Wednesday, March 22 at 2:00 P.M. - The Capital Markets, Securities and Investment Subcommittee will hold a hearing entitled "The JOBS Act at Five: Examining Its Impact and Ensuring the Competitiveness of the U.S. Capital Markets." It is important that the U.S. capital markets remain globally competitive as the number of international financing centers increases. The hearing will examine what issues are hampering the competitiveness of the U.S. capital markets and what actions should be taken to address those issues.

This hearing was originally scheduled for Wednesday, March 15.

All hearings will take place in Room 2128 of the Rayburn House Office Building and will be broadcast live on www.financialservices.house.gov/.

Read this original document at: http://financialservices.house.gov/news/documentsingle.aspx?DocumentID=401604