Hearing on "The Proposed Consumer Financial Protection Agency: Implications for Consumers and the FTC," Subcommittee on Commerce, Trade and Consumer Protection (July 8, 2009)
The Subcommittee on Commerce, Trade, and Consumer Protection held a hearing entitled "The Proposed Consumer Financial Protection Agency: Implications for Consumers and FTC" on Wednesday, July 8, 2009, in room 2123 Rayburn House Office Building. The hearing examined the Administration's proposal to create a new agency responsible for consumer protection with regard to financial products and services.
- Chairman Henry A. Waxman's Opening Statement, as prepared for delivery.
- Chairman Bobby L. Rush's Opening Statement, as prepared for delivery.
- Bill Text of H.R. 3126, the Consumer Financial Protection Agency Act of 2009
- The Honorable Jon Leibowitz, Chairman, Federal Trade Commission
- The Honorable Michael Barr, Assistant Secretary for Financial Institutions, Department of Treasury
- Gail Hillebrand, Senior Attorney and Manager, Financial Services Campaign, Consumers Union
- Stephen Calkins Esq., Associate Vice President for Academic Personnel and Professor of Law, Wayne State University
- Prentiss Cox, Associate Clinical Professor of Law, University of Minnesota
- Rachel E. Barkow, Professor of Law, New York University School of Law
- Chris Stinebert, President and CEO, American Financial Services Association
- Testimony of Jon Leibowitz
- Testimony of Michael Barr
- Testimony of Gail Hillebrand
- Testimony of Stephen Calkins
- Testimony of Prentiss Cox
- Testimony of Rachel E. Barkow
- Testimony of Chris Stinebert