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Congressman David Kustoff

Representing the 8th District of Tennessee

Kustoff Questions Former CBO Director in Financial Services Committee Oversight Hearing

March 28, 2017
Press Release

Washington, D.C. - In a Financial Services, Oversight and Investigations Subcommittee hearing today, U.S. Representative David Kustoff (TN-08) questioned Dr. Douglas Holtz-Eakin, former Director of the Congressional Budget Office (CBO), on the implementation of Dodd-Frank and the creation of the Financial Stability Oversight Council (FSOC).

Kustoff added that Congress should address the need to eliminate FSOC’s ability to designate systemically important financial institutions (SIFIs), which include non-bank financial institutions that are deemed “too big to fail.”

Kustoff represents the 8th District of Tennessee and is a member of the House Financial Services Committee, serving on three subcommittees: Financial Institutions and Consumer Credit, Oversight and Investigations and Terrorism and Illicit Finance.