Full Committee Hearing

The Libor Transition: Protecting Consumers and Investors

Date:   Tuesday, November 2, 2021 Time:   10:00 AM Location:   Dirksen Senate Office Building 538

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THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION, HYBRID FORMAT to conduct a hearing entitled, “The Libor Transition: Protecting Consumers and Investors.” The witnesses will be: Mr. Thomas Wipf, Chair of The Alternative Reference Rate Committee (ARRC) and Managing Director, Morgan Stanley; Mr. Andrew Pizor, Staff Attorney, National Consumer Law Center; The Honorable J. Christopher Giancarlo, Senior Counsel, Willkie Farr & Gallagher LLP, and former Chairman, U.S. Commodity Futures Trading Commission; and Mr. Michael R. Bright, Chief Executive Officer, Structured Finance Association.

Pursuant to guidance from the CDC and OAP, Senate office buildings are not open to the public other than official business visitors and credentialed press at this time. Accordingly, in-person visitors cannot be accommodated at this briefing. We encourage the public to utilize the Committee’s livestream of the hearing, available on the website at http://www.banking.senate.gov.

All hearings are webcast live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.

Member Statements

  1. Chairman Sherrod Brown (D - Ohio)
  2. Ranking Member Patrick J. Toomey (R - Pennsylvania)


  1. Mr. Thomas Wipf
    Chair of The Alternative Reference Rate Committee (ARRC) and Managing Director
    Morgan Stanley
  2. Mr. Andrew Pizor
    Staff Attorney
    National Consumer Law Center
  3. The Honorable J. Christopher Giancarlo
    Senior Counsel, and former Chairman
    Willkie Farr & Gallagher LLP, U.S. Commodity Futures Trading Commission
  4. Mr. Michael R. Bright
    Chief Executive Officer
    Structured Finance Association