Filed Under:Your Practice, Regulatory

House FSC to FIO: Want to see overdue reports

Request is among the multiple oversight matters in HFS Committee plan for 113th Congress

Does House FSC Chair Rep. Jeb Hensarling, R-Texas, want the FIO reports ASAP or is he just making a laundry list? (AP/Susan Walsh)
Does House FSC Chair Rep. Jeb Hensarling, R-Texas, want the FIO reports ASAP or is he just making a laundry list? (AP/Susan Walsh)

The House Financial Services Committee (HSFC), in a portion of its oversight plan for the 113th Congress, is urging the Federal Insurance Office (FIO) to submit several “long overdue reports without further delay.”

The plan also said the HSFC will conduct “significant oversight over the Financial Stability Oversight Council (FSOC),“ monitoring the extent to which its designation of systemically important financial institutions (SIFIs) may create an expectation among market participants that the firms are too big to fail.

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Nichole Morford

Nichole Morford
Managing Editor

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