Recently, we heard from a panel of experts on the appropriateness and effects of capital and liquidity rules. Their testimony highlighted the complexity of the current capital and liquidity regime.
While Humphrey-Hawkins testimony is a key part of Congress’ oversight of our nation’s central bank, it is not sufficient to provide Congress and the American public with a full picture of Fed policymaking.
Today, we will hear testimony regarding one of the most critical areas of this Committee’s jurisdiction: the regulation of the U.S. banking system. In particular, the panel of experts before us will discuss the appropriateness and effects of recent capital and liquidity rules.
Serving in his fifth term, Richard Shelby (R-Alabama) is the senior U.S. Senator from Alabama. He is currently the Chairman of the Senate Banking, Housing, and Urban Affairs Committee and also serves on the Senate Appropriations Committee and the Committee on Rules and Administration. He has been a member of the Banking Committee since he was elected to the Senate in 1986 and previously served as the Chairman in the 108th and 109th Congresses.
U.S. Senator Sherrod Brown (D-Ohio), now serving in his second term, also serves on the Senate's Agriculture, Finance, and Veterans Committees.
Prior to serving in the United States Senate, Brown served as a United States Representative for the 13th District, Ohio's Secretary of State, a member of the Ohio General Assembly, and taught in Ohio's public schools and at The Ohio State University.