Rep. Ann Wagner, R-Mo., said on Sept. 7 that Clayton would testify before the House Financial Services Committee in early October.
The hearings come as the agency is taking comments on whether it should move ahead on a uniform fiduciary rule of its own.
Wagner said during her Sept. 7 comments at an event held by the U.S. Chamber of Commerce that she plans to introduce her bill to repeal the Department of Labor’s fiduciary rule by the end of September.
Wagner, who chairs the House Financial Services Committee’s Oversight and Investigations Subcommittee, floated the draft bill, which also keeps a fiduciary rulemaking under the SEC’s jurisdiction, in mid-July.
“I believe we have a willing partner at the SEC, who gets it,” said Wagner, citing previous comments from Clayton that he would be “extremely disappointed” if there’s “a substantial reduction in choice for the retail investors” as a result of Labor’s fiduciary rule.