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Eight of Wall Street's top bank executives have been invited to appear before a U.S. House committee next week to field questions from lawmakers on how they've used hundreds of billions of dollars of government funds.

The House Financial Services Committee said Wednesday that executives from Bank of America Corp. (BAC), JPMorgan Chase & Co. (JPM) and Citigroup Inc. (C) are among those asked to testify on Feb. 11 about the money they have received from the $700 billion Troubled Asset Relief Program.

The announcement came the same day the Obama administration unveiled new compensation rules for financial institutions that accept government assistance. The new rules put a cap on salaries for executives at companies that have individually negotiated agreements with the Treasury Department, including Bank of America and Citigroup.

Public opinion about the financial rescue plan has quickly soured following numerous reports that banks were not using the money to lend, and were instead providing lavish bonuses, and funding junkets and other superfluous purchases.

The other executives asked to testify hail from Goldman Sachs (GS), Morgan Stanley (MS), Wells Fargo Inc. (WFC), Bank of New York (BK), and State Street Corp. (STT).

-By Michael R. Crittenden, Dow Jones Newswires; 202-862-9273; michael.crittenden@dowjones.com