Oversight of the Financial Stability Oversight Council Designation Process
Witnesses
Mr. Patrick Pinschmidt
Deputy Assistant Secretary for Financial Stability Oversight Council
U.S. Department of the Treasury
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S.1774, the "Puerto Rico Chapter 9 Uniformity Act of 2015"
To amend title 11 of the U.S. Code to treat Puerto Rico as a State for purposes of chapter 9 of such title relating to the adjustment of debts of municipalities.
S. 1773, the "Consumer Reporting Fairness Act of 2015."
To amend title 11, United States Code, to require creditors to inform consumer reporting agencies that certain debts have been discharged in bankruptcy cases.
Hearing: H.R. 2947, the “Financial Institution Bankruptcy Act of 2015.”
House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law.
Witnesses
Mr. Donald S. Bernstein Esq.
Partner
Davis Polk & Wardwell LLP
Mr. Stephen E. Hessler Esq.
Partner
Kirkland & Ellis LLP
Mr. Richard Levin Esq.
Partner
Jenner & Block LLP
The Role of the Financial Stability Board in the U.S. Regulatory Framework
Senate Banking Committee
Witnesses
The Honorable Dirk Kempthorne
President and CEO
American Council of Life Insurers (ACLI)
Mr. Eugene Scalia [view testimony]
Partner
Gibson, Dunn, & Crutcher
Mr. Paul Schott Stevens
President and CEO
Investment Company Institute
The Honorable Peter Wallison
Arthur F. Burns Fellow in Financial Policy Studies
American Enterprise Institute (AEI)
Dr. Adam S. Posen
President
Peterson Institute for International Economics
H.R. 2976, the "Amend the Code for Marriage Equality Act of 2015."
To replace references to “wives” and “husbands” in Federal law with references to “spouses”, and for other purposes. (Takes "husband and wife" language out of Bankruptcy Code exemption provision, §522.)
H.R. 2947, the "Financial Institution Bankruptcy Act of 2015."
To amend title 11 of the United States Code in order to facilitate the resolution of an insolvent financial institution in bankruptcy.
Evaluating the Security of the U.S. Financial Sector
Witness List:
- The Honorable Cyrus Vance, Jr., District Attorney, New York County District Attorney’s Office
- Mr. Chip Poncy, Founding Partner, Financial Integrity Network; Senior Counselor, Center on Sanctions and Illicit Finance at the Foundation for Defense of Democracies
- Mr. John W. Carlson, Chief of Staff, Financial Services Information Sharing and Analysis Center
H.R. 2844, the "Keep Our Pension Promises Act."
To amend the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 to modify certain provisions relating to multiemployer pensions, and for other purposes.