[House Hearing, 116 Congress]
[From the U.S. Government Publishing Office]


                           MEMBER DAY HEARING

=======================================================================

                                HEARING

                               BEFORE THE

                    COMMITTEE ON FINANCIAL SERVICES

                     U.S. HOUSE OF REPRESENTATIVES

                     ONE HUNDRED SIXTEENTH CONGRESS

                             FIRST SESSION

                               __________

                             APRIL 3, 2019

                               __________

       Printed for the use of the Committee on Financial Services

                           Serial No. 116-14
                           
                           
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                 HOUSE COMMITTEE ON FINANCIAL SERVICES

                 MAXINE WATERS, California, Chairwoman

CAROLYN B. MALONEY, New York         PATRICK McHENRY, North Carolina, 
NYDIA M. VELAZQUEZ, New York             Ranking Member
BRAD SHERMAN, California             PETER T. KING, New York
GREGORY W. MEEKS, New York           FRANK D. LUCAS, Oklahoma
WM. LACY CLAY, Missouri              BILL POSEY, Florida
DAVID SCOTT, Georgia                 BLAINE LUETKEMEYER, Missouri
AL GREEN, Texas                      BILL HUIZENGA, Michigan
EMANUEL CLEAVER, Missouri            SEAN P. DUFFY, Wisconsin
ED PERLMUTTER, Colorado              STEVE STIVERS, Ohio
JIM A. HIMES, Connecticut            ANN WAGNER, Missouri
BILL FOSTER, Illinois                ANDY BARR, Kentucky
JOYCE BEATTY, Ohio                   SCOTT TIPTON, Colorado
DENNY HECK, Washington               ROGER WILLIAMS, Texas
JUAN VARGAS, California              FRENCH HILL, Arkansas
JOSH GOTTHEIMER, New Jersey          TOM EMMER, Minnesota
VICENTE GONZALEZ, Texas              LEE M. ZELDIN, New York
AL LAWSON, Florida                   BARRY LOUDERMILK, Georgia
MICHAEL SAN NICOLAS, Guam            ALEXANDER X. MOONEY, West Virginia
RASHIDA TLAIB, Michigan              WARREN DAVIDSON, Ohio
KATIE PORTER, California             TED BUDD, North Carolina
CINDY AXNE, Iowa                     DAVID KUSTOFF, Tennessee
SEAN CASTEN, Illinois                TREY HOLLINGSWORTH, Indiana
AYANNA PRESSLEY, Massachusetts       ANTHONY GONZALEZ, Ohio
BEN McADAMS, Utah                    JOHN ROSE, Tennessee
ALEXANDRIA OCASIO-CORTEZ, New York   BRYAN STEIL, Wisconsin
JENNIFER WEXTON, Virginia            LANCE GOODEN, Texas
STEPHEN F. LYNCH, Massachusetts      DENVER RIGGLEMAN, Virginia
TULSI GABBARD, Hawaii
ALMA ADAMS, North Carolina
MADELEINE DEAN, Pennsylvania
JESUS ``CHUY'' GARCIA, Illinois
SYLVIA GARCIA, Texas
DEAN PHILLIPS, Minnesota

                   Charla Ouertatani, Staff Director
                            
                            
                            C O N T E N T S

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                                                                   Page
Hearing held on:
    April 3, 2019................................................     1
Appendix:
    April 3, 2019................................................     3

                                APPENDIX

Prepared statements:
    Hill, Hon. French............................................     4

 
                           MEMBER DAY HEARING

                              ----------                              


                        Wednesday, April 3, 2019

             U.S. House of Representatives,
                   Committee on Financial Services,
                                                   Washington, D.C.
    The committee met, pursuant to notice, at 10:06 a.m., in 
room 2128, Rayburn House Office Building, Hon. Maxine Waters 
[chairwoman of the committee] presiding.
    Members present: Representatives Waters, Foster, Vargas, 
Casten, Phillips; McHenry, Luetkemeyer, and Williams.
    Chairwoman Waters. The Financial Services Committee will 
come to order. Without objection, the Chair is authorized to 
declare a recess of the committee at any time.
    Today, the committee will hear from Members of the House on 
matters of interest to them pursuant to Section 2(j) of H.Res.6 
which requires each standing committee to hold a hearing at 
which it receives testimony from Members, Delegates, and the 
Resident Commissioner on proposed legislation within its 
jurisdiction.
    The committee welcomes Members to discuss their priorities 
for this Congress.
    And so, the Chair now recognizes the distinguished Ranking 
Republican Member, Mr. McHenry, for 5 minutes for any remarks 
he might want to give.
    Mr. McHenry. I will be brief. Thank you, Chairwoman Waters, 
for yielding, and for holding this hearing. I think it is 
important to hear from our colleagues who wish to testify 
before the committee to give feedback on the direction she 
should be taking, I should be taking, other committee members 
should be taking, and the concerted effort we have for an 
agenda coming out of this committee.
    And while there are areas of broad disagreement, there are 
also areas of broad agreement. My hope is that we will focus on 
areas of agreement and try to legislate in a bipartisan way. 
That is my hope. That is my interest and I am interested to 
hear from my colleagues on what they hope for us to achieve as 
a committee and as a Congress.
    With that, I will yield back.
    Chairwoman Waters. Thank you very much.
    This is Members' Day. And this is an opportunity for the 
Members of Congress to come before this committee to talk about 
their concerns. Now, this was created in an effort to help 
Members know and understand what each of these committees are 
doing. And Members are very busy and they decide where they 
want to spend their time.
    Many of our Members who have been around for a while, know 
pretty much what is happening on these committees, and they 
don't take time to do that.
    Many of our newer Members are busy trying to get to the 
committees that they are assigned to and to do the work that is 
necessary for them to be prepared for hearings, et cetera.
    So, I don't expect that we are going to hear from Members 
in the way that the leadership anticipated in making this 
opportunity available. With that, we could do one of two 
things. We could use this time for Members of the committee to 
talk about their concerns, however, I do not wish to recommend 
that.
    I wish to say thank you to our Members who showed up this 
morning. I wish to say thank you to our Ranking Member who 
showed up this morning.
    And if there are no questions that you absolutely have to 
have, this committee is adjourned.
    [Whereupon, at 10:10 a.m., the hearing was adjourned.]

                            A P P E N D I X



                             April 3, 2019
                             
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