[Congressional Record Volume 141, Number 2 (Thursday, January 5, 1995)]
[Daily Digest]
[Pages D12-D13]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

Committee Meetings
(Committees not listed did not meet)
SECURITIES MARKETS
Committee on Banking, Housing, and Urban Affairs: Committee held 
hearings to examine issues involving municipal, corporate and 
individual investors in derivative products and the use of highly 
leveraged investment strategies, receiving testimony from Frank N. 
Newman, Acting Secretary of the Treasury; Alan Greenspan, Chairman, 
Board of Governors of the Federal Reserve System; Arthur Levitt, 
Chairman, Securities and Exchange Commission; and Mary L. Schapiro, 
Chairman, Commodity Futures Trading Commission.
  Hearings continue tomorrow.
UNFUNDED FEDERAL MANDATES
Committee on the Budget/Committee on Governmental Affairs: Committees 
concluded joint hearings on S. 1, to curb the practice of imposing 
unfunded Federal mandates on States and local governments, to 
strengthen the partnership between the Federal Government and State, 
local and tribal governments, to end the imposition, in the absence of 
full consideration by Congress, of Federal mandates on State, local, 
and tribal governments without adequate funding, in a manner that may 
displace other essential governmental priorities, and to ensure that 
the Federal Government pays the costs incurred by those governments in 
complying with certain requirements under Federal statutes and 
regulations, after receiving testimony from Senator Kempthorne; 
Representative Portman; Sally Katzen, Administrator, Office of 
Information and Regulatory Affairs, Office of Management and Budget; 
Justin Dart, former Chairman, President's Committee on Employment of 
People with Disabilities; Ohio Governor George V. Voinovich, on behalf 
of the National Governors' Association, and Ohio State Representative 
Jane Campbell, on behalf of the National Conference of State 
Legislatures, both of Columbus; Mayor Edward Rendell, Philadelphia, 
Pennsylvania; Commissioner Randall Franke, Marion County, Oregon, on 
behalf of the National Association of Counties; Carolyn Long-Banks, 
Atlanta, Georgia, on behalf of the National League of Cities; Boyd W. 
Boehlje, Des Moines, Iowa, on behalf of the National School Board 
Association; and Nancy A. Donaldson, Service Employees International 
Union, Washington, D.C. [[Page D13]] 
BALANCED BUDGET AMENDMENT
Committee on the Judiciary: Committee concluded hearings on S.J. Res. 
1, proposing an amendment to the Constitution of the United States to 
require a balanced budget, after receiving testimony from Senators 
Thurmond, Simon, Craig, Cohen, Kyl, Snowe, Heflin, and Feinstein; 
former Senator Tsongas; Alice M. Rivlin, Director, Office of Management 
and Budget; Walter Dellinger, Assistant Attorney General, Office of 
Legal Counsel, Department of Justice; Griffin B. Bell and William P. 
Barr, both former United States Attorney Generals; Robert J. Myers, 
former Chief Actuary, Social Security Administration; former 
Connecticut Governor Lowell Weicker, Hartford; Utah Governor Michael O. 
Leavitt, Salt Lake City; David A. Strauss, University of Chicago Law 
School, Chicago, Illinois; Edward V. Regan, Jerome Levy Economics 
Institute, New York, New York; Kenneth Ashby, Utah Farm Bureau 
Federation, Delta, on behalf of the American Farm Bureau Federation; 
and Herbert Stein, American Enterprise Institute, C. Fred Bergsten, 
Institute for International Economics, James D. Davidson, National 
Taxpayers Union, Martin A. Regalia, United States Chamber of Commerce, 
and Alan B. Morrison, Public Citizen, all of Washington, D.C.