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House Financial Services Committee to hold Dodd-Frank hearings throughout July

Spencer Bachus

To commemorate the two year anniversary of the signing of the 2010 Dodd-Frank Act, the House Financial Services Committee will hold several hearings throughout the month of July regarding the law’s impact.

“When President Obama signed Dodd-Frank into law, he promised it would provide ‘certainty to everyone from bankers to farmers to business owners to consumers,’” HFSC Chairman Spencer Bachus said. “The layers of red tape Dodd-Frank piles on our economy cause more uncertainty for American businesses and hinder their ability to grow and create jobs.”

Bachus, who has been critical of Dodd-Frank, announced a tentative schedule of the upcoming Dodd-Frank hearings.

On Tuesday, July 10, at 10 a.m., the Subcommittee on Capital Markets and Government Sponsored Enterprises will hold a hearing on the impact of Dodd-Frank on financial consumers and job creators.

On Wednesday, July 11, at 10 a.m., the Subcommittee on Financial Institutions and Consumer Credit will examine the impact of Dodd-Frank on the mortgage lending industry, while on Thursday, July 19, at 10 a.m., the Subcommittee on Oversight and Investigations will study how Dodd-Frank regulations affect the economy and jobs. The Subcommittee on Financial Institutions and Consumer Credit will also hold a hearing with the Consumer Financial Protection Bureau to examine the impact of Dodd-Frank on America’s consumers.

On Friday, July 20, at 10 a.m., the Subcommittee on Capital Markets and Government Sponsored Enterprises will hold another hearing to discuss H.R. 2827, which seeks to amend the Securities Exchange Act of 1934 to “clarify provisions relating to the regulation of municipal advisors,” as well as examine the impact of Dodd-Frank on municipal advisors.

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