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NOMINATION OF CHARLES H. DALLARA, D313

HOLLIS S. MC LOUGHLIN, OF CONCRETE
ROGER BOLTON, AND KAÝ C. JAMES...

AUS 2469

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DIVISION

LOS

HEARING

BEFORE THE

COMMITTEE ON FINANCE
UNITED STATES SENATE
ONE HUNDRED FIRST CONGRESS

FIRST SESSION

ON THE

NOMINATION OF

CHARLES H. DALLARA TO BE DEPUTY UNDER SECRETARY OF THE

TREASURY; HOLLIS S. MCLOUGHLIN TO BE AN ASSISTANT SECRETARY
OF THE TREASURY; ROGER BOLTON TO BE AN ASSISTANT SECRE-
TARY OF THE TREASURY; AND KAY C. JAMES TO BE AN ASSISTANT
SECRETARY OF HEALTH AND HUMAN SERVICES

MAY 9, 1989

Printed for the use of the Committee on Finance

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1989

99-451 5

For sale by the Superintendent of Documents, Congressional Sales Office

U.S. Government Printing Office, Washington, DC 20402

COMMITTEE ON FINANCE

LLOYD BENTSEN, Texas, Chairman
SPARK M. MATSUNAGA, Hawaii

BOB PACKWOOD, Oregon
DANIEL PATRICK MOYNIHAN, New York BOB DOLE, Kansas
MAX BAUCUS, Montana

WILLIAM V. ROTH, JR., Delaware DAVID L. BOREN, Oklahoma

JOHN C. DANFORTH, Missouri BILL BRADLEY, New Jersey

JOHN H. CHAFEE, Rhode Island GEORGE J. MITCHELL, Maine

JOHN HEINZ, Pennsylvania DAVID PRYOR, Arkansas

DAVID DURENBERGER, Minnesota DONALD W. RIEGLE, JR., Michigan

WILLIAM L. ARMSTRONG, Colorado JOHN D. ROCKEFELLER IV, West Virginia STEVE SYMMS, Idaho TOM DASCHLE, South Dakota

VANDA B. McMURTRY, Staff Director and Chief Counsel

ED MIHALSKI, Minority Chief of Staff

(I)

NOMINATIONS OF CHARLES H. DALLARA, HOLLIS S. McLOUGHLIN, ROGER BOLTON, AND KAY C. JAMES

TUESDAY, MAY 9, 1989

U.S. SENATE,
COMMITTEE ON FINANCE,

Washington, DC. The hearing was convened, pursuant to notice, at 2:30 p.m. in room SD-215, Dirksen Senate Office Building, Hon. Lloyd Bentsen (chairman) presiding.

Also present: Senators Moynihan, Baucus, Pryor, Rockefeller, Packwood, Roth, Chafee, Durenberger, and Armstrong. [The press release announcing the hearing follows:]

(Press Release No. H-22, May 1, 1989] BENTSEN ANNOUNCES HEARING AND EXECUTIVE SESSION ON TREASURY AND HHS

NOMINATIONS WASHINGTON, DC–Senator Lloyd Bentsen (D., Texas), Chairman, announced today that the Finance Committee will hold a hearing and executive session on nominations for the Departments of Treasury and Health and Human Services, on Tuesday, May 9, 1989 at 2:30 p.m. in Room SD-215 of the Dirksen Senate Office Building.

The Treasury nominations are Charles H. Dallara to be Deputy Under Secretary for International Affairs, Hollis S. McLoughlin to be Assistant Secretary for Policy Development, and Roger Bolton to be Assistant Secretary for Public Affairs and Public Liaison.

Dallara is Assistant Secretary for Policy Development at Treasury, McLoughlin serves as a Treasury consultant, and Bolton is Special Assistant to the President for Public Liaison and Director of the Economic Division at the White House.

Additionally, the Committee will consider nomination of Kay C. James to be Assistant Secretary for Public Affairs of the Department of Health and Human Services. Ms. James is currently serving as a consultant at HHS.

OPENING STATEMENT OF HON. LLOYD BENTSEN, A U.S. SENATOR

FROM TEXAS The CHAIRMAN. This hearing will come to order. Dr. Dallara has been nominated to be Deputy Under Secretary of the Treasury for International Affairs. The Under Secretary for International Affairs is charged with advising the Treasury Secretary on international, monetary, financial, commercial and trade policies. Dr. Dallara has been with the Treasury Department since 1976. Most recently, he has served as the Assistant Secretary for Policy Development. He has also served as the Senior Deputy Assistant Secretary far International Economic Policy and as the U.S. Executive Director of the International Monetary Fund. Prior to

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