WASHINGTON (1/21/15)--The full U.S. House Financial Services Committee will meet today to adopt its oversight plan for the 114th Congress. The Rules of the House require each standing committee to adopt such a plan at the beginning of a new Congress's first session, no later than Feb. 15. 

Items on the plan include:

• Examination of the implementation of the Dodd-Frank Act, including an assessment of the Financial Stability Oversight Council and Office of Financial Research, effects of the Volcker Rule and effects of "too big to fail;"
• 
  
• Examination of the activities of Consumer Financial Protection Bureau (CFPB), including its funding mechanism and governance structure;
• 
  
• Examination of financial regulators' safety and soundness supervision of credit unions and banking industries, to ensure systemic risks and other weaknesses are identified and addressed;
• 
  
• Monitoring mortgage rulemakings from the CFPB and other agencies;
• 
  
• Monitoring the solvency of the National Credit Union Share Insurance Fund, as well as the Federal Deposit Insurance Corp.'s Deposit Insurance Fund;
• 
  
• Examination of ways to expand access to mainstream financial services among underserved segments of the population;
• 
  
• Conducting oversight of the U.S. Department of Justice's Operation Choke Point;
• 
  
• Monitoring of payment card industry practices;
• 
  
• Monitoring the operations of the U.S. Treasury's Community Development Financial Institutions Fund; and
• 
  
• Examination of proposals to modify or terminate Fannie Mae and Freddie Mac's statutory charters, harmonize their business operations and wind down any legacy business commitments.

The committee is expected to adopt the plan at a 2 p.m. (ET) meeting.