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Media Advisory: Committee Democrats to Hold Hearing on the Wrong Choice Act

Washington, DC, April 27, 2017

On Friday, April 28, 2017, House Financial Services Committee Democrats will lead an additional hearing on H.R. 10, also known as the Wrong Choice Act. The hearing, referred to as a “Minority Day Hearing,” is the first hearing before the Financial Services Committee under the 115th Congress where Democrats can select the panel of witnesses. This hearing is historic in that the parliamentary maneuver Democrats successfully used to convene this hearing has not succeeded in the Committee in 20 years.

The hearing will feature witnesses, including Senator Elizabeth Warren (D-MA), who will inform the public on the ways the Wrong Choice Act would harm consumers, investors and the economy, and the ways the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) has improved accountability in the financial system and protected Americans from risky and predatory Wall Street practices. The hearing will once again make the case that the Wrong Choice Act would remove critical safeguards in Dodd-Frank, bringing us back to the darkest days of the financial crisis.

This hearing is the last scheduled hearing to review Chairman Hensarling’s Wrong Choice Act.

WHO:            House Financial Services Committee

WHAT:           Democratic hearing on the Wrong Choice Act

WHEN:          Friday, April 28, 2017
                      9:15 a.m. EDT

WHERE:       House Financial Services Committee Hearing Room
                     2128 Rayburn House Office Building
                     Washington, DC 20515

Witnesses:

  • The Honorable Elizabeth Warren, United States Senator
  • Rohit Chopra, Senior Fellow, Consumer Federation of America
  • Corey Klemmer, Corporate Research Analyst, Office of Investment, AFL-CIO
  • Rev. Willie Gable, Pastor, National Baptist Convention USA, Inc.
  • John C. Coffee Jr., Adolf A. Berle Professor of Law, Columbia University
  • Rob Randhava, Senior Counsel, Leadership Conference on Civil and Human Rights
  • Melanie Lubin, Maryland Securities Commissioner, North American Securities Administrators Association
  • Emily Liner, Senior Policy Advisor, Economic Program, Third Way
  • Amanda Jackson, Organizing and Outreach Manager, Americans for Financial Reform
  • Ken Bertsch, Executive Director, Council of Institutional Investors
  • Sarah Edelman, Director, Housing Policy, Center for American Progress (CAP)



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