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Committee Democrats Hold Zuckerberg Accountable
On Wednesday, at a hearing entitled, “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors,” Committee Democrats asked Mark Zuckerberg, Chairman and CEO of Facebook, tough questions on the company’s many existing deficiencies and failures.
See what the Chairwoman had to say during her post-hearing interview with Cheddar below
Check out some of the press coverage of questions Members asked.
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The End of Affordable Housing?
On Tuesday, Chairwoman Waters convened a hearing with Steven Mnuchin, Secretary of the Department of Treasury, Ben Carson, Secretary of the Department of Housing and Urban Development (HUD), and Mark Calabria, Director of the Federal Housing Finance Agency (FHFA), to discuss the impact of the Trump Administration’s housing finance reform plans.
Click here to see the Chairwoman’s opening statement.
Left to Right: Treasury Secretary Mnuchin, HUD Secretary Carson and FHFA Director Calabria.
As Seen on FSC-TV
In case you missed it, see below for a snippet of the infographics displayed in the hearing room this week.
October 22: Full Committee hearing on the Trump Administration’s plans to change housing finance in America.
October 22: Subcommittee on Consumer Protection and Financial Institutions hearing on the decline of minority deposit institutions.
October 23: Full Committee hearing on Facebook and its impact on the financial services and housing sectors.
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Member Spotlight
 
| Congresswoman Carolyn Maloney (D-NY) |
Congressman Emanuel Cleaver (D-MO) |
On Tuesday, the U.S. House of Representatives passed H.R. 2513, the Corporate Transparency Act, by a vote of 249-173. This bipartisan legislation was introduced by Congresswoman Carolyn Maloney (D-NY), Chair of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, and includes the text of H.R. 2514, The Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act (COUNTER Act), introduced by Congressman Emanuel Cleaver (D-MO), Chairman of the Subcommittee on National Security, International Development, and Monetary Policy.
To learn more about this legislation to crack down on shell companies, click here.
Tweet of the Week
Weekend Reads
Chairwoman's Corner
No More Risky Trading: Chairwoman Waters (D-CA) and Senator Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to heads of the Federal Reserve, OCC, SEC, FDIC, and CFTC condemning their recent actions to roll back safeguards put in place after the 2008 financial crisis to stop risky trading and investment activities by Wall Street megabanks.
See the full letter here.
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