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Committee Holds Virtual Hearing on Capital Markets and Worker Protections During the Pandemic
On Tuesday, the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets held a virtual hearing entitled, “Promoting Economic Recovery: Examining Capital Markets and Worker Protections in the COVID-19 Era.”
The virtual hearing panelists included:
- Hon. Dr. William E. Spriggs, Chief Economist, AFL-CIO; Professor of Economics, Howard University
- Anne Simpson, Director of Board Governance and Strategy, California Public Employees' Retirement System
- Camille Busette, PhD, Senior Fellow and Director of the Race, Prosperity, and Inclusion Initiative, The Brookings Institution
- Neil L. Bradley, Executive Vice President and Chief Policy Officer, Chamber of Commerce of the United States of America
Chairwoman Waters Announces Additional July Hearings
Chairwoman Waters announced the following additional hearings for the month of July:
- July 23 at 10:30 AM – The full Committee will convene for a hearing entitled, “The Heroes Act: Providing for a Strong Economic Recovery from COVID-19." This hearing will convene in a “hybrid” format, which provides for remote Member participation or Member participation from the hearing room.
- July 30 at 12:30 PM – The full Committee will convene for a hearing entitled, "Protecting Consumers During the Pandemic? An Examination of the Consumer Financial Protection Bureau." This hearing will convene in a “hybrid” format, which provides for remote Member participation or Member participation from the hearing room. This hearing will have the following witness:
- The Honorable Kathleen L. Kraninger, Director, Consumer Financial Protection Bureau
Click here for the most up-to-date Committee schedule.
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Tweet of the Week
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Member Spotlight
| Congressman Al Green (D-TX) |
This week, Congressman Al Green (D-TX), Chairman of the House Subcommittee on Oversight and Investigations, chaired a hearing entitled, “Protecting Homeowners During the Pandemic: Oversight of Mortgage Servicers’ Implementation of the CARES Act.”
Watch the virtual hearing discussion here.
Weekend Reads
Chairwoman’s Corner
Led by Chairwoman Waters, Committee Chairs Seek Information on Trump Administration Failures to Boost Production of PPE and Testing As COVID-19 Cases Spike: On Tuesday, Chairwoman Waters, Chairman Smith, Chairman Engel, Chairman Thompson, and Chairman Pallone, sent a letter to Secretary of Defense Mark Esper and Secretary of Health and Human Services Alex Azar, seeking answers as to why the Administration has not used funding in the CARES Act for the Defense Production Act to boost production of critical medical supplies and equipment needed to combat COVID-19, such as personal protection equipment and diagnostic testing.
“Three months after the passage of the Coronavirus Aid, Relief and Economic Security Act of 2020 (CARES Act), we remain concerned that the Trump Administration’s efforts to increase the short-term and long-term domestic production of critically needed medical supplies and equipment is fragmented and uncoordinated, even as we see record number of infections and spikes in hospitalizations,” the chairs wrote.
“Since the onset of the coronavirus disease 2019 (COVID-19) pandemic, the United States has faced repeated shortages of critical medical supplies and equipment from diagnostic testing to personal protective equipment (PPE), including N95 respirator masks and other respirator protection,” the chairs continued. “With new coronavirus cases rising to over 60,000 per day, the highest number of cases since the beginning of the pandemic, and infection and hospitalization rates increasing in states such as Arizona, California, Florida, Georgia and Texas, it is critical to address the shortfalls that are inevitable.”
See the full text of the release here.
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