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HearingHELD · 2H 9MOPEN TO THE PUBLICOPENHOUSE · FINANCIAL SERVICES ·

Primary dealers and balance sheets

The task force examines primary dealers and their balance sheets in relation to Treasury market resilience and economic prosperity.

Tue, Dec 2, 2025 · 2:00 PM – 4:01 PM ETRayburn House Office Building, Room 2128Rayburn 2128

CHAIRJ. French Hill R-AR-2
Maxine Waters D-CA-43
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Get a note when the testimony and answers to written questions are posted.

HOURS
2:09
WITNESSES
4
MEMBERS
54
STORIES
0

Watch

OFFICIAL COMMITTEE VIDEO · 2:09:15
Pick a point on the bar to jump thereTap the bar to jump2:09:15

Why this hearing

On the record: 4 witnesses: 2 academics and 2 from business and trade groups.

Real oversight or theater?

Did this hearing get real answers, or was it mostly speeches?

NO RATINGS YET

What each witness said

We haven’t summarized the witnesses’ statements yet.

Who asked what

We haven’t logged who asked questions at this hearing yet.

Question logs come from the committee’s official video.

The committee

54 members · 30 Republicans, 24 Democrats

Witnesses

  • Susan McLaughlinExecutive Fellow, Yale School of ManagementFirst appearance
    THIS CONGRESSFirst appearance
    NO STATEMENT POSTED
  • James TabacchiChairman, Independent Dealers & Trading AssociationFirst appearance
    THIS CONGRESSFirst appearance
    NO STATEMENT POSTED
  • Laura KlimpelManaging Director, and Head of DTCC’s Fixed Income and Financing SolutionsFirst appearance
    THIS CONGRESSFirst appearance
    NO STATEMENT POSTED
  • Dr. Haoxiang ZhuGordon Y Billard Associate Professor of Management and Finance, MIT Sloan School of ManagementFirst appearance
    THIS CONGRESSFirst appearance
    NO STATEMENT POSTED

In the news

No news coverage of this hearing yet.

Timeline & documents

  1. Hearing noticed (done)
  2. Held (done)DEC 2, 2025 · 2:00 PM – 4:01 PM
  3. Video posted (done)DEC 2, 2025 · 4:01 PM
  4. Written testimony posted (not yet)NOT POSTED YET
  5. Questions for the record (not yet)NOT POSTED YET
  6. Printed transcript (done)PUBLISHED JUL 13

aren’t posted yet. The printed transcript is out.

Related hearings

Data: Congress.gov committee meetings · House Committee Repository (docs.house.gov) · committee video on YouTube · GovInfo printed hearings · ChamberLight news coverage