Congressional Hearing on Financial Regulatory Reform
January 1, 2018
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The Frame
The hearing serves as a formal record of legislative inquiry into how federal agencies regulate banks and consumer credit, which influences the rules governing financial products and services available to the public.
Potentially affected actors named in the source documents. Mention is not a position.
Financial Institutions
These entities are subject to the federal regulations discussed for potential reform.
Consumers
Consumers are affected by the regulatory environment governing credit and financial services.
Last recorded activity January 1, 2018.
Next step not available in the current record.
Summary
Key Facts
- The hearing took place on April 6, 2017, in the Rayburn House Office Building.
- The hearing was titled 'Examination of the Federal Financial Regulatory System and Opportunities for Reform'.
- The session was held by the Subcommittee on Financial Institutions and Consumer Credit of the House Committee on Financial Services.
- Witnesses included representatives from the Clearing House Association, the U.S. Treasury, the American Financial Services Association, and the Heritage Foundation.
- The hearing was interrupted by scheduled floor votes in the House of Representatives.
- Additional written statements were submitted for the record by the Conference of State Bank Supervisors, Consumer Mortgage Coalition, Credit Union National Association, National Association of Federally-Insured Credit Unions, and Property Casualty Insurers Association of America.
Frequently Asked Questions
What was the purpose of this hearing?
Who testified at this hearing?
Why It Matters
The hearing serves as a formal record of legislative inquiry into how federal agencies regulate banks and consumer credit, which influences the rules governing financial products and services available to the public.
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Extensive Industry Input
The hearing record includes a significant number of written statements from various trade associations, indicating broad industry interest in the reform process.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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