Government Hearings – 1995

  • 1995 0404 and 0726 – GOV (Senate) – Punitive Damages: Tort Reform and FDA Defenses, Orrin Hatch (R-UT)
  • 1995 0522 – GOV (House) – Insurance State’s and Consumer’s Rights Clarification and Fair Competition Act
    • [PDF-81p-GooglePlay, VIDEO-?] – Not on govinfo.gov – R
    • House – Committee on Commerce – Subcommittee on Commerce, Trade, and Hazardous Materials of the Committee on Commerce
  • 1995 0606 and 0608 – GOV (House) – Financial Services Competitiveness Act of 1995, (CSPAN) Financial Services Regulation – HR 1062
    • [PDF-329p-GooglePlay, 0606-VIDEO-CSPAN] ->not on govinfo.org
      • Gary Hughes (ACLI)
      • Martin Meyer (Brookings Institution)
      • Greenspan (FRB), Levitt (SEC), Williams (OCC)
    • House – Joint Hearing Before the Subcommittee on Telecommunications and Finance and the Subcommittee on Commerce, Trade, and Hazardous Materials of the Committee on Commerce
  • 1995 0629, 0728 and 0802 – GOV (House) – Abuse of Taxpayer Funds to Subsidize Lobbying and Political Activity, David McIntosh (R-IN)
    • [PDF-423p-GooglePlay, VIDEO-?]
    • House – Committee on Government Reform and Oversight – Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs
  • 1995 0726 and 0727 – GOV (House) – Debt Issuance and Investment Practices of State and Local Governments, Richard Baker (R-LA) – [PDF-1011p-GooglePlay]
    • Richard C. Lehman, President, Bond Investors Association
      • Chapter 33 – Municipal Bond Defaults – [Bonk: What is the Title of the Book?]
      • (p150) An interesting question arising in third-party guaranteed defaults is what happens when the guarantor collapses.
      • When the letter-of-credit bank or insurance company goes under, or the corporate guarantor goes bankrupt, there is no more credit enhancement or guarantee on the bond issue.
      • In these instances bondholders usually lose.
        • Such was the case with the $1.6 billion of munis backed by Executive Life and the $600 million of housing issues backed by Mutual Benefit Life Insurance Company.  
    • House – Committee on Banking and Financial Services – Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises