"The government remains a reluctant shareholder and intends to dispose of its investment as soon as practicable, with the dual goals of achieving financial stability and maximizing returns to taxpayers," Bloom told the government committee, which has broad oversight on government policies. Bloom, now the White House manufacturing adviser, testified during hearing called "Lasting Implications of the General Motors Bailout." Vincent Snowbarger, the director of the Pension Benefit Guaranty Corp, also testified. Sources previously told Reuters the U.S. Treasury did not plan to sell its remaining shares in GM until August, after the automaker's second-quarter earnings report. GM shares have fallen below their $33 IPO price, due in part to concerns about government involvement. GM stock rose 38 cents or 1.3 percent to $29.97 on the New York Stock Exchange.