The U.S. Congress is moving to step up its oversight of the Obama administration's auto-industry rescue with two hearings scheduled for this week on the issue.

The Senate Banking Committee is scheduled to hold a hearing at 2:30 p.m. EDT on Wednesday on the administration's efforts to rescue General Motors Corp. (GMGMQ) and Chrysler LLC.

The hearing is part of the committee's oversight of the use of taxpayer money from the Troubled Asset Relief Program, said a spokeswoman for Sen. Chris Dodd, D-Conn., the committee's chairman, in a statement.

Ron Bloom, a senior adviser to President Barack Obama on the auto industry, and Ed Montgomery, the White House director of recovery for auto communities and workers, are scheduled to testify.

On Friday, the House Energy and Commerce Committee's subcommittee on oversight and investigations is scheduled to hold a 10 a.m. EDT hearing on plans by GM and Chrysler to close dealerships. Details weren't immediately available.

-By Josh Mitchell, Dow Jones Newswires; 202-862-6637; joshua.mitchell@dowjones.com