House Committee on Financial Services

Subcommittee Hearing - State of Emergency: Examining the Impact of Growing Wildfire Risk on the Insurance Market

Housing, Community Development and Insurance Subcommittee Chairman Emanuel Cleaver II and Ranking Member Hill host a hybrid hearing entitled, “State of Emergency: Examining the Impact of Growing #Wildfire Risk on the Insurance Market." - - - - - - - - Witnesses for this one-panel hearing will be: • Matthew Auer, Dean of the School of Public and International Affairs, University of Georgia • Amy Bach, Executive Director, United Policyholders • Ricardo Lara, California Department of Insurance (CDI) • Roy Wright, President & CEO of the Insurance Institute for Business & Home Safety - IBHS • Rex Frazier, President, Personal Insurance Federation of California See more here: https://bit.ly/3RZqJvy

Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks

House Committee on Financial Services Chairwoman Maxine Waters and Ranking Member McHenry host a virtual hearing entitled, “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks." ___________________________________ Witness for this one-panel hearing will be: • Andy Cecere, Chairman, President, and CEO, U.S. Bancorp (U.S. Bank) • William Demchak, Chairman, President, and CEO, The PNC Financial Services Group • Jamie Dimon, Chairman and CEO, JPMorgan Chase & Co. • Jane Fraser, CEO, Citigroup • Brian Moynihan, Chairman and CEO, Bank of America • William Rogers Jr., Chairman and CEO, Truist Financial Corporation • Charles Scharf, President and CEO, Wells Fargo & Company See more here: https://bit.ly/3Lvok9a

Subcommittee Hearing - Review of Diversity and Inclusion at America’s Largest Insurance Companies

Diversity and Inclusion Subcommittee Chairwoman Joyce Beatty and Ranking Member Wagner host a virtual hearing entitled, “Review of Diversity and Inclusion at America’s Largest #Insurance Companies." ___________________________________ Witnesses for this one-panel hearing will be: • Eloiza Domingo, Chief Diversity Officer and Vice President, Human Resources, The Allstate Corporation • Chlora Lindley-Myers, Director, Missouri Department of Commerce and Insurance (Missouri DCI) • Dr. Leroy D. Nunery II, President, Evolution Advisors LLC • Kimberly Ross, Senior Vice President, Federal Relations, American Council of Life Insurers (ACLI) • Baird Webel, Specialist in Financial Economics, Congressional Research Service See more here: https://bit.ly/3xB3gsi

Hybrid Hearing - Under the Radar: Alternative Payment Systems and the National Security Impacts of Their Growth

National Security, International Development, and Monetary Policy Subcommittee Chairman Representative Jim Himes and Ranking Member Barr host a hybrid hearing entitled, “Under the Radar: Alternative Payment Systems and the National Security Impacts of Their Growth." - - - - - - - - Witnesses for this one-panel hearing will be: • Scott Dueweke, Global Fellow, Science and Technology Innovation, the Wilson Center • Emily Jin, Research Assistant for the Energy, Economics and Security Program, the Center for a New American Security - CNAS • Dr. Carla Norrlöf, Nonresident Senior Fellow, Economic Statecraft Initiative, GeoEconomics Center, the Atlantic Council • Ari Redbord, Head of Legal and Government Affairs, TRM Labs • Jonathan Levin, Co-founder and Chief Strategy Officer, Chainalysis See more here: https://bit.ly/3BrZUsO

When Banks Leave: The Impacts of De-Risking on the Caribbean and Strategies for Ensuring Financial Access

House Committee on Financial Services Chairwoman Maxine Waters and Ranking Member McHenry will host a virtual hearing entitled, “When Banks Leave: The Impacts of De-Risking on the #Caribbean and Strategies for Ensuring Financial Access." ___________________________________ Witnesses for this two-panel hearing will be: First Panel: • The Hon. Mia Amor Mottley, K.C., M.P., Prime Minister of #Barbados; Minister of Finance, Economic Affairs and Investment; Minister of National Security and the Public Service (with responsibility for Culture and CARICOM Matters) Second Panel: • Ms. Wendy Delmar, CEO, Caribbean Association of Banks • Mr. Wazim Mohamed Mowla, Assistant Director and Lead of the Caribbean Initiative, Adrienne Arsht Latin America Center, Atlantic Council • Mr. I. Wayne Shah, Senior Vice President, Financial Institutions – Head of Caribbean Region, Wells Fargo Bank, N.A., and Executive Director, Financial & International Business Association (FIBA) • Mr. Amit Sharma, CEO, Founder, and Director, FinClusive • Ms. Liat Shetret, Director of Global Policy and Regulation, Elliptic See more here: https://financialservices.house.gov/events/eventsingle.aspx?EventID=409761

#RELEASE: Chairwoman Maxine Waters and 76 House Democrats Urge Regulators (Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation & U.S. Comptroller of the Currency) to Strengthen Community Reinvestment Act Rules, End Redlining See more here: https://go.usa.gov/xSsPq

Virtual Hearing - Combatting Tech Bro Culture: Understanding Obstacles to Investments in Diverse-Owned Fintechs

Task Force on Financial Technology Chairman Representative Stephen F. Lynch and Ranking Member Davidson host a virtual hearing entitled, “Combatting Tech Bro Culture: Understanding Obstacles to Investments in Diverse-Owned #Fintechs." - - - - - - - - Witnesses for this one-panel hearing will be: • Jenny Abramson, Founder & Managing Partner, Rethink Impact • Sallie Krawcheck, CEO and Co-Founder, Ellevest • Marceau Michel, Founder, Black Founders Matter • Wemimo Abbey, Co-Founder and Co-CEO, Esusu • Maryam Haque, Executive Director, Venture Forward See more here 📺: https://go.usa.gov/xJH9j

Monetary Policy and the State of the Economy

Full Committee Chairwoman Maxine Waters and Ranking Member McHenry host a hybrid hearing entitled, “Monetary Policy and the State of the Economy." ___________________________________ Witness for this one-panel hearing will be: • The Honorable Jerome H. Powell, Chair of the Board of Governors of the Federal Reserve System See more here: https://go.usa.gov/xJddg

Part 2 - Hybrid Markup Continuation of H.R. 4395; H.R. 5912; H.R. 7003; H.R. 7022; H.R. 7196; H.R. 7716; H.R. 7732; H.R. 7733 and H.R. 7734

The full Committee will convene to continue the mark up the following measures, in an order to be determined by Chairwoman Maxine Waters, May 18, 2022, and subsequent days if necessary. ___________________________________ Legislation • H.R. 4395, the “Payment Choice Act of 2022.” • H.R. 5912, the “Close the ILC Loophole Act.” • H.R. 7003, the “Expanding Financial Access for Underserved Communities Act.” • H.R. 7022, the “Strengthening Cyber-Security for the Financial Sector Act of 2022.” • H.R. 7196, the “Flexibility in Addressing Rural Homelessness Act.” • H.R. 7716, the “Coordinating Substance Use and Homelessness Care Act of 2022.” • H.R. 7732, the “Strengthening the Office of Investor Advocate.” • H.R. 7733, the “CDFI Bond Guarantee Program Improvement Act.” • H.R. 7734, the “Timely Delivery of Bank Secrecy Acts Reports Act.”

Hybrid Markup of H.R. 4395; H.R. 5912; H.R. 7003; H.R. 7022; H.R. 7196; H.R. 7716; H.R. 7732; H.R. 7733 and H.R. 7734

Today, the full Committee will convene to mark up the following measures, in an order to be determined by Chairwoman Maxine Waters, and subsequent days if necessary, in a hybrid format. ___________________________________ Legislation • H.R. 4395, the “Payment Choice Act of 2022.” • H.R. 5912, the “Close the ILC Loophole Act.” • H.R. 7003, the “Expanding Financial Access for Underserved Communities Act.” • H.R. 7022, the “Strengthening Cyber-Security for the Financial Sector Act of 2022.” • H.R. 7196, the “Flexibility in Addressing Rural Homelessness Act.” • H.R. 7716, the “Coordinating Substance Use and Homelessness Care Act of 2022.” • H.R. 7732, the “Strengthening the Office of Investor Advocate.” • H.R. 7733, the “CDFI Bond Guarantee Program Improvement Act.” • H.R. 7734, the “Timely Delivery of Bank Secrecy Acts Reports Act.”

Keeping Up with the Codes – Using AI for Effective RegTech

The Task Force on Artificial Intelligence Chairman Bill Foster and Ranking Member Anthony Gonzalez host a hybrid hearing entitled, “Keeping Up with the Codes – Using #AI for Effective RegTech." - - - - - - - - Witnesses for this one-panel hearing will be: • Kevin Greenfield, Deputy Comptroller for Operational Risk Policy, Office of the Comptroller of the Currency (OCC) • Melanie Hall, Commissioner, Division of Banking and Financial Institutions, State of Montana, and Chair, Board of Directors, Conference of State Bank Supervisors (CSBS) • Kelly Lay, Director, Office of Examination and Insurance, National Credit Union Administration (NCUA) • Jessica Rusu, Chief Data Information and Intelligence Officer, Financial Conduct Authority (FCA), United Kingdom See more here 📺: https://go.usa.gov/xzAP2

5/12/2022 - The Annual Report of the Financial Stability Oversight Council

Full Committee Chairwoman Maxine Waters and Ranking Member McHenry host a hybrid hearing entitled, “The Annual Report of the Financial Stability Oversight Council." ___________________________________ Witness for this one-panel hearing will be: • The Honorable Janet Yellen, Secretary, The U.S. Department of the Treasury, and Chairperson, Financial Stability Oversight Council (FSOC) See more here 📺: https://go.usa.gov/xufuZ

Hybrid Hearing - A Notch Above? Examining the Bond Rating Industry

Subcommittee on Investor Protection, Entrepreneurship and Capital Markets Chair Congressman Brad Sherman and Ranking Member Huizenga host a hybrid hearing entitled, “A Notch Above? Examining the Bond Rating Industry." ___________________________________ Witnesses for this one-panel hearing will be: • Yann Le Pallec, Executive Managing Director, Head of Global Ratings Services, S&P Global Ratings • Angela Liang, General Counsel and Executive Committee Member, Kroll Bond Rating Agency • Ian Linnell, President, Fitch Ratings • Mariana Gomez-Vock, Senior Vice President of Policy and Legal, American Council of Life Insurers • Jennifer J. Schulp, Director of Financial Regulation Studies, Center for Monetary and Financial Alternatives, Cato Institute See more here: https://go.usa.gov/xuv7T

What’s in Your Digital Wallet? A Review of Recent Trends in Mobile Banking and Payments

Task Force on Financial Technology Chairman Lynch and Ranking Member Davidson will host a virtual hearing entitled, “What’s in Your Digital Wallet? A Review of Recent Trends in Mobile Banking and Payments." - - - - - - - - Witnesses for this one-panel hearing will be: • Raúl Carrillo, Associate Research Scholar, Yale Law School; Deputy Director, Law and Political Economy Project • Mishi Choudhary, Legal Director, Software Freedom Law Center • Renita Marcellin, Senior Policy Analyst, Americans for Financial Reform • Kia McAllister-Young, Director, America Saves, Consumer Federation of America • Scott Talbott, Senior Vice President of Government Affairs, Electronic Transactions Association See more here: https://go.usa.gov/xuN32

12/01/2021 - Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response

Full Committee Chairwoman Maxine Waters and Ranking Member McHenry will host a virtual hearing entitled, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response." - - - - - - - - Witnesses for this one-panel hearing will be: • The Honorable Janet L. Yellen, The U.S. Department of the Treasury • The Honorable Jerome Powell, Chair, Board of Governors of the Federal Reserve System See more here: https://go.usa.gov/xeywx

Markup - H.R. 2311; H.R. 2620; H.R. 5910; H.R. 5911; H.R. 5913 and H.R. 5914

The full Committee convenes to mark up the following measures, in an order to be determined by the Chairwoman at 10:00 am E.T. on Tuesday, November 16, 2021, and subsequent days if necessary, in a hybrid format in room 2128 of the Rayburn House Office Building as well as on the WebEx platform. - - - - - - - - Legislation • H.R. 2311, the “Credit Union Governance Modernization Act of 202,” offered by Mr. Emmer. • H.R. 2620, the “Investor Choice Act of 2021,” offered by Mr. Bill Foster. • H.R. 5910, the “Holding SPACs Accountable Act of 2021,” offered by Congressman Michael F.Q. San Nicolas - Guam. • H.R. 5911, the “Fair Hiring in Banking Act,” offered by Mrs. Joyce Beatty. • H.R. 5913, the “Protecting Investors from Excessive SPACs Fees Act of 2021,” offered by Congressman Brad Sherman. • H.R. 5914, the “Empowering States to Protect Seniors from Bad Actors,” offered by Rep Josh Gottheimer. Listen to it here: https://twitter.com/i/spaces/1RDxlgjPenzJL?s=20 or Watch it LIVE here: https://go.usa.gov/xe8cy

There's No Pride in Prejudice: Eliminating Barriers to Full Economic Inclusion for the LGBTQ+ Community

Diversity and Inclusion Subcommittee Chairwoman Joyce Beatty and Ranking Member Wagner host a virtual hearing entitled, “There's No Pride in Prejudice: Eliminating Barriers to Full Economic Inclusion for the LGBTQ+ Community." - - - - - - - - Witnesses for this one-panel hearing will be: • Mr. David Johns, Executive Director, National Black Justice Coalition (NBJC) • Mx. Spencer Watson, President and Executive Director, Center for LGBTQ Economic Advancement and Research • Ms. Tanya Asapansa-Johnson Walker, Co-founder New York Transgender Advocacy Group and Transgender Women's Support Group Facilitator, SAGE • Mr. Todd Sears, Founder & CEO, Out Leadership, LLC See more here: https://go.usa.gov/xejSq

From Timber to Tungsten: How the Exploitation of Natural Resources Funds Rogue Organizations and Regimes

National Security, International Development, and Monetary Policy Subcommittee Chairman Representative Jim Himes and Ranking Member Barr host a hybrid hearing entitled, “From Timber to Tungsten: How the Exploitation of Natural Resources Funds Rogue Organizations and Regimes." - - - - - - - - Witnesses for this one-panel hearing will be: • Kidan Araya, Member, Illicit Trafficking Working Group, Women of Color Advancing Peace and Security; Board Member, Africa Policy Accelerator, CSIS • Carla García Zendejas, Director, People, Land, and Resources, Center for International Environmental Law (CIEL) • Channing Mavrellis, Illicit Trade Director, Global Financial Integrity • Kathleen Miles, Director of Analysis, Center on Illicit Networks and Organized Crime (CINTOC) • Joshua Fruth, Chief Strategy Officer, Section 2 Financial Intelligence Solutions See more here: https://go.usa.gov/xe4fY

Cyber Threats, Consumer Data, and the Financial System

Consumer Protection and Financial Institutions Subcommittee Chairman Perlmutter and Ranking Member Luetkemeyer host a hybrid hearing entitled, “Cyber Threats, Consumer Data, and the Financial System." - - - - - - - - Witnesses for this one-panel hearing will be: • Samir Jain, Director of Policy, Center for Center for Democracy & Technology • Robert E. James, II, President & CEO, Carver Financial Corporation (Carver State Bank) • Carlos Vazquez, Chief Information Security Officer, Canvas Credit Union • Jeff Newgard, President and Chief Executive Officer, Bank of Idaho, on behalf of the Independent Community Bankers of America (ICBA) See more here: https://go.usa.gov/xegvc

Buy Now, Pay More Later? Investigating Risks and Benefits of BNPL and Other Emerging Fintech Cash Flow Products

Task Force on Financial Technology Chairman Lynch and Ranking Member Emmer host a virtual hearing entitled, “Buy Now, Pay More Later? Investigating Risks and Benefits of BNPL and Other Emerging Fintech Cash Flow Products." - - - - - - - - Witnesses for this one-panel hearing will be: • Dr. Kristen Broady, Fellow in the Brookings Metropolitan Policy Program, Brookings Institution • Penny Lee, CEO, Financial Technology Association • Lauren Saunders, Associate Director, National Consumer Law Center • Marisabel Torres, Director of California Policy, Center for Responsible Lending • Brian Tate, CEO and President, Innovative Payments Association

Bringing Consumer Protection Back: A Semi-Annual Review of the Consumer Financial Protection Bureau

Full Committee Chairwoman Maxine Waters and Ranking Member McHenry host a virtual hearing entitled, “Bringing Consumer Protection Back: A Semi-Annual Review of the Consumer Financial Protection Bureau (CFPB)." - - - - - - - - Witness for this one-panel hearing will be: • The Honorable Rohit Chopra, Director, Consumer Financial Protection Bureau See more here: https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=408560

WATERS, BROWN PRESS CONFERENCE ON IMPORTANCE OF INVESTING IN HOUSING

Wednesday, October 20 at 2:15 PM, U.S. Representative Maxine Waters, Chairwoman of the House Financial Services Committee, and U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Banking and Housing Committee, will hold a press conference with the National Housing Conference and other national housing organizations on the importance of investing in our nation’s housing infrastructure in the #BuildBackBetter Act. WHO: • U.S. Rep. Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee • U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs • Representatives from the National Housing Conference, Habitat for Humanity International, National Association of Hispanic Real Estate Professionals, National Low Income Housing Coalition, and National Association of REALTORS

Zoned Out: Examining the Impact of Exclusionary Zoning on People, Resources, and Opportunity

Housing, Community Development, and Insurance Subcommittee Chairman Emanuel Cleaver II and Ranking Member Hill host a hearing entitled, “Zoned Out: Examining the Impact of Exclusionary Zoning on People, Resources, and Opportunity." - - - - - - - - Witnesses for this one-panel hearing will be: • Sheryll D. Cashin, Carmack Waterhouse Professor of Law, Civil Rights and Social Justice, Georgetown University • Richard D. Kahlenberg, Senior Fellow, The Century Foundation • Dora Leong Gallo, President and CEO, A Community of Friends • Thomas Silverstein, Associate Director of Fair Housing & Community Development Project, Lawyers’ Committee for Civil Rights Under Law • Dr. Emily Hamilton, Senior Research Fellow and Codirector of the Urbanity Project at the Mercatus Center, George Mason University See more here: https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=408494

Beyond I, Robot: Ethics, Artificial Intelligence, and the Digital Age

Task Force on Artificial Intelligence Chairman Bill Foster and Ranking Member Gonzalez will host a virtual hearing entitled, “Beyond I, Robot: Ethics, #ArtificialIntelligence, and the Digital Age." - - - - - - - - Witnesses for this one-panel hearing will be: • Meredith Broussard, Associate Professor, Arthur L. Carter Journalism Institute of New York University • Meg King, Director, Science and Technology Innovation Program, The Wilson Center • Miriam Vogel, President and CEO, EqualAI • Jeffery Yong, Principal Advisor, Financial Stability Institute, Bank for International Settlements • Aaron Cooper, Vice President for Global Policy, BSA – The Software Alliance See more here: https://go.usa.gov/xMsGY

Oversight of the U.S. Securities and Exchange Commission: Wall Street’s Cop Is Finally Back on the Beat

Full Committee Chairwoman Maxine Waters and Ranking Member McHenry host a virtual hearing entitled, “Oversight of the U.S. Securities and Exchange Commission: Wall Street’s Cop Is Finally Back on the Beat." - - - - - - - - Witness for this one-panel hearing will be: • The Honorable Gary Gensler, Chair, U.S. Securities and Exchange Commission See more here: https://go.usa.gov/xMdm9

09/30/2021 - Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response

Full Committee Chairwoman Maxine Waters and Ranking Member McHenry host a hybrid hearing entitled, “Oversight of the Treasury Department’s and Board of Governors of the Federal Reserve System's Pandemic Response." - - - - - - - - Witnesses for this one-panel hearing will be: • The Honorable Janet L. Yellen, U.S. Department of the Treasury • The Honorable Jerome Powell, Chair, Board of Governors of the Federal Reserve System

Access Denied: Eliminating Barriers and Increasing Economic Opportunity for Justice-Involved Individuals

Diversity and Inclusion Subcommittee Chairwoman Beatty and Ranking Member Wagner host a hybrid hearing entitled, “Access Denied: Eliminating Barriers and Increasing Economic Opportunity for Justice-Involved Individuals." - - - - - - - - Witnesses for this one-panel hearing will be: • Sakira Cook, Sr. Director of the Justice Reform Program, The Leadership Conference of Civil and Human Rights • Jeffery Korzenik, Author, Untapped Talent • Dolfinette Martin, Housing Director, Operation Restoration • Melissa Sorenson, Executive Director of the Professional Background Screening Association • Marie Claire Tran-Leung, Director of Legal Impact Network, Shriver Center on Poverty Law See more here: https://go.usa.gov/xMUkJ

Lending in a Crisis: Reviewing the Federal Reserve’s Emergency Lending Powers During the Pandemic and Examining Proposals to Address Future Economic Crises

National Security, International Development, and Monetary Policy Subcommittee Chairman Himes and Ranking Member Barr will host a hybrid hearing entitled, “Lending in a Crisis: Reviewing the Federal Reserve’s Emergency Lending Powers During the Pandemic and Examining Proposals to Address Future Economic Crises." - - - - - - - - Witnesses for this one-panel hearing will be: • The Honorable Shawn Wooden, Treasurer, State of Connecticut • Mike Konczal, Director, Macroeconomic Analysis and Progressive Thought, Roosevelt Institute • June Rhee, Director Master of Management Studies in Systemic Risk, Yale School of Management • Christopher Russo, Post-Graduate Research Fellow, Mercatus Center • Claudia Sahm, Senior Fellow, Jain Family Institute

Hybrid Markup Part 2 - Reconciliation Pursuant to S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022; H.R. 5195 and H.R. 5196

The full Committee will reconvene to mark up the following measures, in an order to be determined by Chairwoman Maxine Waters at 10:45am E.T., in a hybrid format in room 2128 of the Rayburn House Office Building as well as on the WebEx platform. - - - - - - - - Legislation • Committee Print - Providing for reconciliation pursuant to S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022. • H.R. 5195, the “Native American Housing Assistance and Self-Determination Reauthorization Act of 2021.” • H.R. 5196, the “Expediting Assistance to Renters and Landlords Act of 2021.” - - - - - - - - Hearing page: https://financialservices.house.gov/c...

Hybrid Markup - Reconciliation Pursuant to S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022; H.R. 5195 and H.R. 5196

The full Committee convenes to mark up the following measures, in an order to be determined by the Chairwoman at 12:00pm E.T. on Monday, September 13, 2021, and subsequent days if necessary, in a hybrid format in room 2128 of the Rayburn House Office Building as well as on the WebEx platform. - - - - - - - - Legislation • Committee Print - Providing for reconciliation pursuant to S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022 by Chairwoman Maxine Waters. • H.R. 5195, the “Native American Housing Assistance and Self-Determination Reauthorization Act of 2021,” by Chairwoman Maxine Waters • H.R. 5196, the “Expediting Assistance to Renters and Landlords Act of 2021,” by Chairwoman Maxine Waters - - - - - - - - See more here: https://go.usa.gov/xMbHP