The HFSC Financial Institutions and Monetary Policy Subcommittee hosted a hearing on January 31, 2024 titled "Rules Without Analysis: Federal Banking Proposals Under the Biden Administration." These are the seven key takeaways from the hearing highlighting the proposal's severe deficiencies.

The hearing featured the following witnesses:
- Mr. Greg Baer, President & Chief Executive Officer, Bank Policy Institute
- Mr. Bryan Bashur, Director of Financial Policy, Americans for Tax Reform
- Mr. Randall Guynn, Chair, Financial Institutions, Davis Polk
- Professor Jeremy Kress, Assistant Professor of Business Law, Stephen M. Ross School of Business, University of Michigan