House Financial Services Committee Chairman Jeb Hensarling (R-Tex.) has been re-elected for a second term as chairman of the committee. Maxine Walters (D-Calif.) was re-elected as the ranking minority member of the committee.
The Financial Services Committee generally has House oversight of the banking, insurance and mortgage industries, along with economic stabilization, international finance and financial organizations, currency and urban development, housing and securities and exchanges.
“I am humbled by the support and trust of my colleagues as I continue my service as chairman of the Financial Services Committee,” Hensarling said in a news release. “House Republicans know the only real way to grow the economy is from Main Street up, not Washington down. Our committee will continue to focus on promoting sensible solutions to hold both Washington and Wall Street accountable to the American people.”
In addition, Hensarling announced subcommittee chairmen for the 114th Congress. Rep. Scott Garrett (R-N.J.) will serve as chairman of the Capital Markets and Government-Sponsored Enterprises Subcommittee, Rep. Randy Neugebauer (R-Tex.) will serve as chairman of the Financial Institutions and Consumer Credit Subcommittee, Rep. Blaine Luetkemeyer (R-Mo.) will serve as chairman of the Housing and Insurance Subcommittee, Rep. Bill Huizenga (R-Mich.) will serve as chairman of the Monetary Policy and Trade Subcommittee and Rep. Sean Duffy (R-Wis.) will serve as chairman of the Oversight and Investigations Subcommittee.
The remainder of the committee leadership team will be announced at a later date.
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