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Chairman Hensarling Statement on Confirmation of McWilliams to Chair FDIC

Washington, May 24 -

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement today applauding the Senate’s confirmation of Jelena McWilliams to serve as Chair of the Federal Deposit Insurance Corporation (FDIC).

“The FDIC plays an important role in creating an environment favorable for the success of state-chartered banks, and sets the tone and direction of regulatory policies related to the nation’s banking system, making the Chair critical to ensuring a healthy, growing economy. It is my hope that we can finally break from the past no-growth polices, and instead lead the FDIC to adopt a more wholesome view of the financial system that not only ensures a safe, sound, and vibrant financial system, but provides true consumer protection. I look forward to working with Chair McWilliams to provide our economy with a vibrant, pro-growth financial system that increases choices and lowers costs for consumers.”