Executive Session

EXECUTIVE SESSION to VOTE on Nominations and a hearing entitled "Implications of the ‘Volcker Rules’ for Financial Stability"

Date:   Thursday, February 4, 2010 Time:   10:30 AM

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Topic

The Committee will meet in EXECUTIVE SESSION to VOTE on the following nominations: Mr. Kevin Wolf, of Virginia, to be an Assistant Secretary of Commerce for Export Administration; Mr. Suresh Kumar, of New Jersey, to be Assistant Secretary of Commerce and Director General of the United States and Foreign Commercial Service; Mr. David W. Mills, of Virginia, to be an Assistant Secretary of Commerce for Export Enforcement; Mr. Douglas A. Criscitello, of Virginia, to be Chief Financial Officer, U.S. Department of Housing and Urban Development; Mr. Theodore W. Tozer, of Ohio, to be President, Government National Mortgage Association; Mr. Orlan Johnson, of Maryland, to be a Director of the Securities Investor Protection Corporation; and Ms. Sharon Y. Bowen, of New York, to be a Director of the Securities Investor Protection Corporation. Immediately following the vote on nominations, the Committee will meet in OPEN SESSION to conduct a hearing entitled “Implications of the ‘Volcker Rules’ for Financial Stability”. The witnesses will be: Mr. Gerald Corrigan, Managing Director, Goldman Sachs; Professor Simon Johnson, Ronald A. Kurtz Professor of Entrepreneurship, Sloan School of Management, Massachusetts Institute of Technology; Mr. John Reed, Retired Chairman, Citigroup; Professor Hal Scott, Nomura Professor of International Financial Systems, Harvard Law School; and Mr. Barry Zubrow, Executive Vice President, Chief Risk Officer, JPMorgan Chase. Additional witnesses will be announced at a later date. 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.

Witnesses

Minority Statements

  1. Senator Richard C. Shelby

Witness Panel 1

  1. Mr. Gerald Corrigan
    Managing Director
    Goldman Sachs
  2. Professor Simon Johnson
    Ronald A. Kurtz Professor of Entrepreneurship, Sloan School of Management
    Massachusetts Institute of Technology
  3. Mr. John Reed
    Retired Chairman
    Citigroup
  4. Professor Hal S. Scott
    Nomura Professor of International Financial Systems
    Harvard Law School
  5. Mr. Barry L. Zubrow
    Executive Vice President, Chief Risk Officer
    JPMorgan Chase