House Financial Services Committee Subcommittees, Jurisdiction, and Republican Members

January 23, 2023
 

Incoming chair of the House Financial Services Committee, Patrick McHenry (R-NC), announced Republican committee members for the 118th Congress, as well as subcommittee jurisdictions and leadership.

Why it matters: their experience will guide US fiscal and financial policy for the next two years.

Republican Members of the House Financial Services Committee for the 118th Congress include:

Go deeper: McHenry also announced a restructuring of many subcommittees and new subcommittee chairs:

Capital Markets—Rep. Ann Wagner (MO-02)

  • Developing and pursuing policies that strengthen access to capital formation
  • Overseeing the operations and policy development of the SEC, MSRB, FASB, and PCAOB
  • Overseeing and responding to the SEC’s regulatory agenda
  • Identifying best practices and policies that continue to strengthen diversity and inclusion in the capital markets industry

Financial Institutions and Monetary Policy—Rep. Andy Barr (KY-06)

  • Overseeing the operations and policy development of the prudential financial regulators, the CFPB, and the Federal Reserve and its 12 reserve banks
  • Identifying policies that grow and stabilize the financial system and broader economy
  • Identifying best practices and policies that continue to strengthen the financial industry’s commitment to diversity and inclusion

Digital Assets, Financial Technology and Inclusion—Rep. French Hill (AR-02)

  • Providing clear rules of the road among federal regulators for the digital asset ecosystem
  • Developing policies that promote financial technology to reach underserved communities
  • Identifying best practices and policies that continue to strengthen diversity and inclusion in the digital asset ecosystem

National Security, Illicit Finance, and International Financial Institutions—Rep. Blaine Luetkemeyer (MO-03)

  • Strengthening policies to combat the generational threat posed by the Chinese Communist Party
  • Overseeing the operations and policy development with respect to the Office of Terrorism Financial Intelligence
  • Overseeing the policy development at the International Financial Institutions
  • Identifying best practices and policies that continue to strengthen diversity and inclusion within the national security and international finance industry

Oversight and Investigations—Rep. Bill Huizenga (MI-04)

  • Overseeing all agencies, departments, programs and matters within the Financial Services Committee’s jurisdiction, including agency and programmatic commitment to diversity and inclusion policies and best practices.

Housing and Insurance—Rep. Warren Davidson (OH-08)

  • Developing and pursuing policies that increase and strengthen our housing market, including increasing our nation’s housing supply
  • Overseeing HUD and FHFA policies and operations
  • Identifying best practices and policies that continue to strengthen diversity and inclusion in the housing industry

What’s next: Democrats are expected to announce their committee members this week. Please contact Justin Ailes (jailes@crefc.org) with questions. 

Contact 

Justin Ailes
Managing Director, Government Relations
202.448.0853
jailes@crefc.org
It was in the afternoon at the Fredeunstein castle where many black chairs had been arranged for an event. To support my work, please subscribe to my youtube channel: https://www.youtube.com/@sangga_s...

The House Financial Services Committee will focus on, "oversight of the Biden Administration, enhancing capital formation opportunities, developing clear rules of the road for digital assets, increasing opportunities for all investors, expanding access to innovative financial products, or ensuring the safety and soundness of our financial system,” according to incoming chair Rep. Patrick McHenry.

The information provided herein is general in nature and for educational purposes only. CRE Finance Council makes no representations as to the accuracy, completeness, timeliness, validity, usefulness, or suitability of the information provided. The information should not be relied upon or interpreted as legal, financial, tax, accounting, investment, commercial or other advice, and CRE Finance Council disclaims all liability for any such reliance. © 2023 CRE Finance Council. All rights reserved.

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