[Congressional Record (Bound Edition), Volume 160 (2014), Part 8]
[Senate]
[Page 11862]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           NOTICE OF HEARING


                PERMANENT SUBCOMMITTEE ON INVESTIGATIONS

  Mr. LEVIN. Mr. President, I would like to announce for the 
information of the Senate and the public that the Permanent 
Subcommittee on Investigations of the Committee on Homeland Security 
and Governmental Affairs has scheduled a hearing entitled, ``Abuse of 
Structured Financial Products: Misusing Barrier Options to Avoid Taxes 
and Leverage Limits.'' The subcommittee hearing will examine a set of 
transactions that utilize financial engineering and structured 
financial products to attempt to avoid paying U.S. taxes on short-term 
capital gains. Witnesses will include representatives of major 
financial institutions, as well as tax experts from a nonprofit 
institution and the U.S. Government Accountability Office. A witness 
list will be available Friday, July 18, 2014.
  The Subcommittee hearing has been scheduled for Tuesday, July 22, 
2014, at 9:30 a.m., in Room 216 of the Hart Senate Office Building. For 
further information, please contact Elise Bean of the Permanent 
Subcommittee on Investigations at 224-9505.

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