Treasury Secretary Scott Bessent is testifying in front of the House Financial Services Committee on Wednesday at 10 a.m.
The congressional panel is holding a public hearing on the annual report of the Financial Stability Oversight Council. The annual report’s release is required under the Dodd-Frank Act.
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The hearing will mark Bessent’s first appearance on Capitol Hill since the Trump administration announced its replacement for Federal Reserve Chairman Jerome Powell, who recently became caught in a federal investigation involving his handling of the central bank’s costly renovations.
He will appear next before the Senate Banking Committee on Thursday at the same time.