The U.S. Capitol building stands in Washington, D.C. The U.S. Capitol building stands in Washington, D.C., U.S. Photographer: Zach Gibson/Bloomberg

The House Financial Services Committee Thursday approved legislation that would require the NCUA chairman and heads of other banking agencies to testify twice a year on their regulatory and supervisory work.

The panel approved the measure, H.R. 4841, sponsored by Reps. Dean Phillips (D-Minn.) and Barry Loudermilk (R-Ga.) on a 55-0 vote.

David Baumann


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