Senate banking panel postpones hearing on reg relief implementation
WASHINGTON — A Senate Banking Committee hearing scheduled Thursday on the implementation of a Dodd-Frank regulatory relief bill that President Trump signed in May has been postponed until Oct. 2, as Hurricane Florence is expected to hit the East Coast.
Key officials from the Federal Reserve, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the National Credit Union Administration were expected to testify on their progress in implementing changes mandated by the regulatory relief bill, S 2155.
A spokesperson for the Senate Banking Committee said the hearing is being rescheduled for “logistical reasons.”
Several financial services lawmakers, including House Financial Services Committee Chairman Jeb Hensarling, R-Texas, the committee’s vice chairman, Rep. Patrick McHenry, R-N.C., and Rep. Blaine Luetkemeyer, R-Mo., and Sen. Jon Tester, D-Mont., were also scheduled to speak at a conference with the National Association of Federally-Insured Credit Unions this week.
That conference was canceled because of travel concerns over the anticipated hurricane.