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Bachus: Weak Job Report Underscores Importance Of Committee’s Work


Washington, Jun 3 -

Continuing the Committee’s focus on promoting job creation, improving the economy and reforming the nation’s housing system, Financial Services Committee Chairman Spencer Bachus announced the planned Committee schedule for the remainder of June. 

 

From the start of the 112th Congress, under Chairman Bachus’ leadership, the Committee has focused on promoting policies that encourage economic growth and reviewing government policies that impede the creation of jobs.  Since February 2011, the Financial Services Committee has convened 36 hearings and received testimony from 184 witnesses.

“The latest jobs report underscores the importance of our efforts to thoroughly review government policies, especially the hundreds of new regulations being imposed on job creators because of the Dodd-Frank Act.  In my conversations with job creators they routinely cite lack of credit, the burden of government policies, and uncertainty over future regulations as the main reasons why they are not hiring,” said Chairman Bachus.

The Committee schedule remains tentative and will depend upon witness availability and other factors that may require changes. Therefore, each meeting will become final only when the official notice is distributed.  Hearing witnesses will be announced at later dates.

 

Tuesday, June 14:

·         The Financial Institutions Subcommittee will convene a hearing on “too big to fail” at 10 a.m. in room 2128 Rayburn.

 

·         At 2 p.m., the International Monetary Policy and Trade Subcommittee will conduct an oversight hearing of the World Bank and multilateral development banks in room 2128 Rayburn.

Wednesday, June 15:

·         The Full Committee will receive testimony from Treasury Secretary Timothy Geithner on the state of the international financial system at 10 a.m. in room 2128 Rayburn.

Thursday, June 16:

·         The Full Committee will meet for a hearing on international financial regulatory coordination at 10 a.m. in room 2128 Rayburn.

 

Wednesday, June 22:

·         The Full Committee will markup bills to promote job creation and economic activity.  The bills include: H.R. 2072, H.R. 1070, H.R. 1082, H.R. 33, and H.R. 1062. The markup will begin at 10 a.m. in room 2128 Rayburn.

 

Thursday, June 23:

·         The Insurance, Housing and Community Development Subcommittee will convene a hearing on the Section 8 housing program at 10 a.m. in room 2128 Rayburn.  The Section 8 program provides housing assistance to low-income renters and homeowners.

 

·         At 2 p.m., the Domestic Monetary Policy and Technology Subcommittee will hold a legislative hearing on H.R. 1495, the Gold Reserve Transparency Act in room 2128 Rayburn.

Friday, June 24:

·         The Capital Markets and Government Sponsored Enterprises Subcommittee will conduct an oversight hearing of mutual funds at 10 a.m. in room 2128 Rayburn.