Manzullo Back to D.C. for Congressional Hearing on Financial Services Regulation

Just two weeks until the election, and 16 District Congressman Don Manzullo is off to Washington to a hearing on how to prevent another financial meltdown.

Meanwhile Democratic Party opponent Robert Abboud is being given the opportunity to address all North Boone Middle School 7th and 8th graders at 1:30 on “public service, what brought them into politics and the importance and responsibility of voting,” according to one of his press releases. Then, it’s off to Galena for Abboud.

Manzullo’s press release follows:

Manzullo Returns to Washington for Tuesday Hearing to Discuss Proposals to Tighten Financial Regulations

[WASHINGTON] Congressman Don Manzullo (R-Egan), a member of the House Financial Services Committee, will return to our nation’s capital Tuesday to participate in a full committee hearing examining proposals to tighten regulations to stem the bleeding in our nation’s financial sector.

The hearing, entitled “The Future of Financial Services Regulation,” will begin at 10 a.m. Tuesday, Oct. 21, in Room 2128 of the Rayburn House Office Building in Washington, DC. The hearing will examine:

  • Ways to measure and limit risk without stifling innovation while improving market liquidity and breadth.
  • The implications of current governmental lending and support facilities for the regulatory structure.
  • Proposals to improve the regulatory structure through a stronger system of regulation and oversight.
  • The need for enhanced capital and reserve requirements for financial firms.

The adequacy of current powers and coverage of the existing regulatory structure.

Witnesses at the hearing will include
two former vice chairs of the Board of Governors at the Fed, as well as representatives of the American Bankers Association, the Securities Industry and Financial Markets Association, the Financial Services Roundtable, and the Independent Community Bankers of America.

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