Senate Banking Committee Chairman Tim Johnson, D-S.D., released the panel's agenda for the 113th Congress on Tuesday. Among many of the issues unveiled was an emphasis on continued oversight of the Dodd-Frank reform law.
The committee will continue to watch over implementation over Dodd-Frank provisions. These changes include work by the Securities and Exchange Commission, the Consumer Financial Protection Bureau and the Financial Stability Oversight Council.
"The banking panel will also be busy in the mortgage arena, overseeing work by the Federal Housing Administration, which has projected a potential capital shortfall, and looking into a host of recently released and still anticipated housing regulations, including the qualified mortgage rule, the qualified residential mortgage rule, mortgage servicing standards and others. It may also start to examine long-term housing finance solutions, which could include talk about the future of government-sponsored enterprises Fannie Mae and Freddie Mac," writes American Banker's Victoria Finkle.
"The committee has important work to do in the 113th Congress, and I intend to work across the aisle to build consensus and find solutions to strengthen and sustain our economic recovery," Johnson said in a press release. "This committee has a proud tradition of bipartisanship and I am hopeful that we can continue to build on our successes of the last two years. From protecting consumers and taxpayers from Wall Street abuses, to providing the Federal Housing Administration with additional tools to manage its finances while continuing to serve American families, I believe we can and must find common ground."
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