House Financial Services Committee release March hearing schedule
02/22/2011 04:09 pm
A March 2 subcommittee hearing on the impact of the Dodd-Frank Act on smaller financial institutions is among the items on a just-released, tentative House Financial Services Committee hearing schedule for March.
The financial institutions subcommittee hearing will follow by two weeks a Senate Banking Committee hearing that also had Dodd-Frank as its subject. That panel looked at regulators' implementation progress at the half-year mark, and substantial concern was expressed by lawmakers regarding the Federal Reserve Board's proposed implementation of a Dodd-Frank cap on interchange fees.
"The Committee will continue our efforts to promote economic recovery and job creation," said Financial Services Committee Chairman Spencer Bachus (R-AL). "It means we will fulfill our Constitutional obligation to exercise rigorous oversight of the implementation of the Dodd-Frank Act and its impact on the economy, and it means we will pursue the elimination of unnecessary spending at a time of record deficits."