Big Bank Executives Could Have to Testify Annually If Democrats Get Their Way
Bloomberg, May 15, 2019–Austin Weinstein
Draft legislation that would make annual testimony mandatory for the chief executive officers of systemically important banks was added to the agenda for a separate Thursday hearing before the House Financial Services Committee. As it stands, bank chiefs aren’t required to appear before Congress unless they’re subpoenaed, though they usually agree to testify voluntarily.
