WASHINGTON — Former Treasury Secretary Henry Paulson will testify July 16 before lawmakers on the government's role in Bank of America Corp.'s acquisition of Merrill Lynch, a congressional panel said Monday.

The House Committee on Oversight and Government Reform released a letter to Paulson sent Monday to confirm the hearing next month. In the letter, signed by Reps. Edolphus Towns, D-N.Y., and Dennis Kucinich, D-Ohio, the lawmakers said Paulson should be prepared to discuss when federal officials became aware of mounting losses at Merrill Lynch and the decision to give Bank of America an additional $20 billion rescue in January.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.