Full Committee Hearing

Perspectives on Money Market Mutual Fund Reforms

Date:   Thursday, June 21, 2012 Time:   10:00 AM

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Topic

COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing entitled “Perspectives on Money Market Mutual Fund Reforms.” The witness on Panel I will be The Honorable Mary Schapiro, Chairman, U.S. Securities and Exchange Commission. The witnesses on Panel II will be: The Honorable Nancy Kopp, Treasurer, State of Maryland; Mr. Paul Schott Stevens, President, Investment Company Institute; Mr. J. Christopher Donahue, President, CEO and Director, Federated Investors, Inc.; Mr. Bradley S. Fox, Vice President and Treasurer, Safeway, Inc.; and Professor David S. Scharfstein, Edmund Cogswell Converse Professor of Finance and Banking, Harvard Business School.

Witnesses

Majority Statements

  1. Senator Tim Johnson

Minority Statements

  1. Senator Richard C. Shelby

Witness Panel 1

  1. Honorable Mary Schapiro
    Chairman
    U.S. Securities and Exchange Commission

Witness Panel 2

  1. Mr. J. Christopher Donahue
    President, CEO, and Director
    Federated Investors, Inc.
  2. Mr. Bradley S. Fox
    Vice President and Treasurer
    Safeway, Inc.
  3. The Honorable Nancy Kopp
    Treasurer
    State of Maryland
  4. Professor David S. Scharfstein
    Edmund Cogswell Converse Professor of Finance and Banking
    Harvard Business School
  5. Mr. Paul Schott Stevens
    President
    Investment Company Institute