Press Releases

 Washington, D.C. - U.S. Rep. Bill Huizenga, MI-02, and the Financial Services Committee will today hear from and question Treasury Secretary Tim Geithner about efforts to implement regulatory reforms and identify emerging threats to the nation’s financial stability.

Secretary Geithner will deliver to the Committee the annual report of the Financial Stability Oversight Council (FSOC), which was established by the Dodd-Frank Act to identify, monitor, and address potential threats to U.S. financial stability.

Read his prepared remarks here. The hearing will begin at 12:45 p.m. in room 2128 Rayburn.

  Read the full report here. 

 The FSOC is composed of the Treasury Secretary, who serves as the chairman, the heads of eight federal financial regulatory agencies, and an independent member with insurance expertise.  Along with these 10 voting members, the FSOC also has five non-voting members.  The law requires the FSOC chairman to appear annually before the Financial Services Committee to report on the activities of the FSOC, significant market developments, and an assessment of those developments on the stability of the U.S. financial system.

 The Financial Services Committee will also live-tweet the hearing; follow along at twitter.com/FinancialCmte.
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