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Full Committee Hearing

Federal and State Enforcement of Financial Consumer and Investor Protection Laws

 

Friday, March 20, 2009, 10:00 a.m., 2128 Rayburn House Office Building
Full Committee

   
 
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 Frank Announces Financial Fraud and Enforcement Hearing
 

Washington, DC – House Financial Services Committee Chairman Barney Frank (D-MA) today announced the committee will hold a full committee hearing entitled “Federal and State Enforcement of Financial Consumer and Investor Protection Laws”” on Friday, March 20, 2009 at 10:00 a.m. in 2128 Rayburn House Office Building.

            Chairman Frank recently announced he is holding several hearings in March to continue the Committee’s work on financial reform. The March 20th hearing will look at whether federal and state law enforcement agencies have all the tools and resources they need to aggressively pursue financial institutions and individuals that commit fraud, abuse their positions and violate the law.

In a recent press conference, Rep. Frank said, “Perhaps most importantly, the American public has the right to know what enforcement actions are contemplated against those irresponsible and, in some cases, criminal actions that lead to the current situation.” Frank continued, “Preventing a reoccurrence is very important.  One way to do that is to put in new rules--rules that are unenforced are of no value, so an equally important part is to pass rules that are enforced,”

The transcript of Chairman Frank from his March 5th press conference can be found here: http://www.house.gov/apps/list/press/financialsvcs_dem/press0306093.shtml

 

Witness List & Prepared Testimony:

Panel 1

 

Panel 2

Available Member Statements: Congressman Cummings

Printed Hearing:
The printed version of this hearing will be posted as soon as it is available.

Related Documents: