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Committee Holds Virtual Hearing, FHFA Director Testifies on Housing and Mortgages During Coronavirus Pandemic
On Wednesday, the full Committee held a virtual hearing entitled, “Prioritizing Fannie’s and Freddie’s Capital over America’s Homeowners and Renters? A Review of the Federal Housing Finance Agency’s Response to the COVID-19 Pandemic.”
The virtual hearing panelist included:
Click here to watch the virtual hearing.
Committee Holds Virtual Hearing on Insider Trading and Stock Option Grants
On Thursday, the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets held a virtual hearing entitled, “Insider Trading and Stock Option Grants: An Examination of Corporate Integrity in the Covid-19 Pandemic.”
The virtual hearing panelist included:
- Rick Claypool, Research Director, Office of the President, Public Citizen
- Jill Fisch, Distinguished Professor of Business Law and Co-Director of the Institute of Law and Economics, University of Pennsylvania Law School
- Jacob S. Frenkel, Chair of Government Investigations and Securities Enforcement, Dickinson Wright
- Granville Martin, Senior Vice President and General Counsel, Society for Corporate Governance
Click here to watch the virtual hearing.
Chairwoman Waters Announces Update to September Hearing Schedule
On Thursday, Chairwoman Maxine Waters (D-CA), issued a release and announced the following update to the hearing schedule for the month of September:
- POSTPONED – The Subcommittee on National Security, International Development, and Monetary Policy hybrid hearing entitled, “An Examination of the Administration’s Implementation of Statutory Reforms to the Committee on Foreign Investment in the United States,” has been postponed until a date to be announced.
Committee activities are finalized once an official notice is issued by the House Financial Services Committee. Click here for the most up-to-date Committee schedule.
Chairwoman’s Corner
Chairwoman Waters Delivers Statemen on FHFA’s Inadequate Response to the COVID-19 Pandemic: On Thurdsday, Chairwoman Maxine Waters, gave the following statement at a full Committee hearing entitled, “Prioritizing Fannie’s and Freddie’s Capital over America’s Homeowners and Renters? A Review of the Federal Housing Finance Agency’s Response to the COVID-19 Pandemic.”
“Today, this Committee convenes for a hearing to conduct oversight over the Federal Housing Finance Agency (FHFA). Our sole witness today is Dr. Mark Calabria, the Director of FHFA.
We had initially intended for Dr. Ben Carson, Secretary of the Department of Housing and Urban Development, to also join us for today’s hearing, but we were told his calendar is booked. Secretary Carson does appear to have enough time on his calendar to make non-pandemic related decisions that undermine fair housing protections and to attend non-pandemic related events, but apparently not enough time to talk to this Committee about how he is responding to the current national emergency. Failed leadership has come to define this Administration’s response to the pandemic, which continues to have a terrible impact across the nation. Nearly 200,000 people in the United States have lost their lives to the virus....”
See the full text of her statement here.
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