Congressman Don Manzullo (R-Egan) will participate Monday morning in a field hearing of the House Financial Services Committee in Chicago to examine the limitations new federal regulations are placing on Illinois financial institutions’ ability to loan money to credit-worthy borrowers, hampering America’s economic recovery.
The hearing, entitled “Regulatory Reform: Examining How New Regulations are Impacting Financial Institutions, Small Businesses and Consumers in Illinois,” will begin at 9 a.m. CT Monday, December 5, in Room 2525 of the Dirksen Federal Building, 219 South Dearborn Street, Chicago.
Manzullo will join his Illinois colleagues on the House Financial Services Committee, U.S. Reps. Judy Biggert (R-Hinsdale) and Bob Dold (R-Kenilworth), as well as several other Members of Congress at the hearing.
The following witnesses will testify during the hearing:
- Greg Ohlendorf, President and Chief Executive Officer, First Community Bank and Trust on behalf of the Independent Community Bankers of America
- William Bates, Jr., Executive Vice President and General Counsel, Seaway Bank and Trust Company on behalf of the National Bankers Association
- James Roolf, Chairman, Illinois Bankers Association
- James Renn, President and Chief Executive Officer, Lisle Savings Bank on behalf of the Illinois League of Financial Institutions
- John Schmitt, President and Chief Executive Officer, Naperville Area Chamber of Commerce
- Dory Rand, President, Woodstock Institute
- Bob Palmer, Policy Director, Housing Action Illinois
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