Senate Banking Sets Testimony Dates: Huang on Dec. 3, Lutnick on Dec. 10 in Public Hearings

• Dispatched: Nov 13, 2026 · 03:10 ET (08:10 UTC)

One-sentence summary: Senate Banking Committee Chairman Tim Scott has written to former Nvidia chief executive Jensen Huang and Commerce Secretary Howard Lutnick, asking them to testify at public hearings on Dec. 3 and Dec. 10 respectively on Nvidia's chip exports to China, warning that Huang faces a subpoena if he does not appear voluntarily; Lutnick has already agreed to appear voluntarily through a spokesperson.

Verification status: ✓ Confirmed by primary official disclosure (Sen. Scott's formal letters, posted on X) and cross-confirmed by CNBC, Bloomberg Law and NBC News; the espionage allegations cited in the letters are not yet confirmed by officials.

Core Facts & Consensus Delta:

Scott posted the letters on X at 19:03 ET on 2026-11-12 / 00:03 UTC on 2026-11-13: Huang is asked to appear before a public hearing of the Senate Banking Committee on 2026-12-03, and Lutnick before the same committee on 2026-12-10. In his letter to Huang, Scott wrote that if he fails to appear voluntarily, "the Committee is prepared to use all tools at our disposal, including subpoenas, to conduct this legitimate and necessary oversight." As of 03:10 ET / 08:10 UTC on 2026-11-13, Huang had not publicly responded.

Lutnick has confirmed his attendance. Commerce Department spokesperson Kristen Eichamer told NBC News that Lutnick "has proactively agreed to appear voluntarily before the Banking Committee to address their questions" (report: 21:45 ET on 2026-11-12 / 02:45 UTC on 2026-11-13).

The backdrop is Huang's resignation as Nvidia chief executive on 2026-11-12, after reports of an affair with a businesswoman US authorities suspect of spying for China. Attorney General Todd Blanche said the same day that the Justice Department has not yet reached a conclusion on whether she is a spy; China denies the allegation.

A parallel House process is also under way: House Foreign Affairs Committee Chairman Brian Mast has asked Huang to sit for a closed-door transcribed interview on 2026-12-01 and Nvidia General Counsel Tim Teter on 2026-12-02, or face subpoenas; Under Secretary of Commerce Jeffrey Kessler has been asked to testify at a hearing on 2026-12-03. Mast said Huang has agreed to brief the House before Thanksgiving (2026-11-26), with the date still being negotiated.

Supply-Chain & Market Read-Through: The Senate Banking Committee has jurisdiction over export controls, so its public hearings will directly test the Commerce Department's review and enforcement of advanced-chip exports. If the focus shifts toward tightening chip exports to China or expanding the Entity List, it would directly affect Nvidia's China revenue and shipments of products such as the H200, and feed through to upstream HBM and memory suppliers (SK Hynix 000660.KS, Samsung Electronics 005930.KS, Micron MU, SanDisk SNDK) and their order mix and delivery schedules.

Next Catalysts & Watchpoints:

• 2026-11-17: Nvidia reports third-quarter results; watch interim chief executive Colette Kress's comments on export policy and the China business.
• 2026-12-01 / 2026-12-03: The House closed-door interview and the Senate Banking public hearing fall days apart; watch whether Huang appears as scheduled.
• 2026-12-10: Lutnick appears before the Senate Banking Committee's public hearing.

Sources:

• Reuters (via WNFL) (Published: 19:15 ET on 2026-11-12 / 00:15 UTC on 2026-11-13)
• CNBC (via AIStockWire) (Published: 01:25 UTC on 2026-11-13)
• Bloomberg Law (via AI Weekly) (Published: 03:32 UTC on 2026-11-13)
• NBC News (via Opera News) (Published: 02:45 UTC on 2026-11-13)

Information only, not investment advice.