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Financial Services Committee

May 22, 2013 - House Financial Services Committee hearing entitled "Annual Report of the FSOC."

Secretary Lew received less than a warm welcome in his efforts to repeat the testimony he had presented the previous day in the Senate. As Chairman of the Financial Services Oversight Council, it is his responsibility to present the Council's Annual Report. Despite the Secretary's best efforts to begin by defining his role in the ongoing IRS situation involving the handling of applications for non-profit status by various organizations, many, if not most, of the questions concerned the IRS matter.