House Financial Services Committee Schedules First Hearings; Threat of China, Definition of Accredited Investor and More

The House Financial Services Committee has announced its first round of hearings under the leadership of Chairman Patrick McHenry. First on the list is a full Committee hearing on the economic threat of China.

Other hearings include the Subcommittee on Capital Markets scheduling a session on the definition of an accredited investor – a rule in place that disenfranchised most adults in the US. The topic of removing barriers for small businesses accessing capital is also in the queue for the Capital Markets Subcommittee.

The Subcommittee on Financial Institutions and Monetary Policy has scheduled a hearing for revamping banking for the 21st century, perhaps addressing the emergence of chartered digital banks or, perhaps, neobanks.

While witnesses scheduled for these hearings have yet to be announced, they should be revealed in the coming days.

The date of each hearing is available below and a live stream will be available to the public on the Committee’s website.

Full Committee:

Hearing Entitled: Combatting the Economic Threat from China

Date: Tuesday, February 7, 2023, at 10 AM ET.

Subcommittee on Capital Markets:

Hearing Entitled: “Sophistication or Discrimination? How the Accredited Investor Definition Unfairly Limits Investment Access for the Non-wealthy and the Need for Reform”

Date: Wednesday, February 8, 2023, at 10 AM ET.

Hearing Entitled: “Empowering Entrepreneurs: Removing Barriers to Capital Access for Small Businesses”

Date: Wednesday, February 8, 2023, at 2 PM ET

Subcommittee on Financial Institutions and Monetary Policy:

Hearing Entitled: “Revamping and Revitalizing Banking in the 21st Century.”

Date: Wednesday, February 8, 2023, at 10 AM ET


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