The Subcommittee on Commerce, Trade, and Consumer Protection will hold a hearing entitled "The Proposed Consumer Financial Protection Agency:  Implications for Consumers and FTC" on Wednesday, July 8, 2009, in room 2123 Rayburn House Office Building.  The hearing will examine the Administration's proposal to create a new agency responsible for consumer protection with regard to financial products and services.

INVITED WITNESSES:

• The Honorable Jon Leibowitz, Chairman, Federal Trade Commission
• The Honorable Michael Barr, Assistant Secretary for Financial Institutions, Department of Treasury
• Gail Hillebrand, Senior Attorney and Manager, Financial Services Campaign, Consumers Union
• Stephen Calkins Esq., Associate Vice President for Academic Personnel and Professor of Law, Wayne State University
• Prentiss Cox, Associate Clinical Professor of Law, University of Minnesota
• Rachel E. Barkow, Professor of Law, New York University School of Law
• Chris Stinebert, President and CEO, American Financial Services Association

WHEN: 10:00 a.m. on Wednesday, July 8

WHERE: 2123 Rayburn House Office Building