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Chairwoman Waters Announces Financial Services Subcommittee Leadership for the 117th Congress

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced the six Committee Members who will serve as Subcommittee Chairs for the 117th Congress.

Subcommittee Chairs were chosen through a selection process based on seniority, with the confirmation of all Committee Democrats.

“I am pleased to announce the very experienced, dedicated, diverse, and talented leadership of our six Subcommittees,” said Chairwoman Waters. “During the 117th Congress, the Financial Services Committee will continue to work tirelessly to fight the pandemic and make sure the financial system works for everyone. I look forward to working with each Subcommittee Chair during this Congress to advance bold solutions that benefit consumers, investors, and communities across the country.”

Below is the list of the House Financial Services Committee’s Subcommittee Chairs for the 117th Congress:

  • Congressman Brad Sherman (CA-30) – Chair of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets

“It is a great honor to be chosen by my colleagues to continue to serve as Chair of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets,” said Congressman Sherman. “I look forward to continuing to work closely with Chairwoman Waters to both reverse the harm done to our regulatory framework by the Trump Administration, and to pursue an agenda of strong investor protections, improved transparency and public company disclosures, and increased access to capital for small companies.”

  • Congressman Ed Perlmutter (CO-7) – Chair of the Subcommittee on Consumer Protection and Financial Institutions

“I look forward to serving as Chair of the Subcommittee on Consumer Protection and Financial Institutions and appreciate the support of my colleagues in this role,” said Congressman Perlmutter. “In the 117th Congress, the Subcommittee will play an important role in supporting the recovery of hardworking families and small businesses, monitoring the safety and soundness of financial institutions, and creating jobs as we build back our economy in the wake of the pandemic.”

  • Congressman Emanuel Cleaver (MO-5) – Chair of the Subcommittee on Housing, Community Development and Insurance

“It is my great honor to be selected by my colleagues as the Chair of the Subcommittee on Housing, Community Development and Insurance,” said Congressman Cleaver. “As someone who spent the first several years of my life living in a shack with no running water—and several more after that in public housing—I understand how pivotal stable housing is to realize the American dream. I look forward to working with Chairwoman Waters and my colleagues on the Financial Services Committee to do everything in our power to expand our nation’s affordable housing stock, end homelessness in America, and confront the scourge of this pandemic in our insurance market and communities.”

  • Congressman Jim Himes (CT-4) – Chair of the Subcommittee on National Security, International Development and Monetary Policy

“I’m honored to have been selected by my colleagues to chair the Subcommittee on National Security, International Development and Monetary Policy,” said Congressman Himes. “I relish the opportunity to continue my work in the national security space and sharpen the focus on ensuring bad actors are not able to use the financial system to support their activities. I also believe that the decisions made by the Federal Reserve will have a substantial hand in our economic recovery and look forward to working to ensure that everyday Americans are part of the conversation.”

  • Congresswoman Joyce Beatty (OH-3) – Chair of the Subcommittee on Diversity and Inclusion

“In order for us to build back better, we must embrace the transformational powers of diversity and inclusion,” said Congresswoman Beatty. “By harnessing the unique skills, tools, and talents of all people, at all levels in the private and public sectors, we can create a stronger economy and brighter futures for everyone. As Chair of the Diversity and Inclusion Subcommittee, we made tremendous progress on these fronts in the 116th Congress, but our work continues. That is why I am honored to once again serve as D&I Chair, and look forward to continuing to work with Chairwoman Waters and fellow Committee members to advance our big, bold, ‘For The People’ agenda to ensure that the financial services industry better represents and meets the needs of all Americans.”

  • Congressman Al Green (TX-9) – Chair of the Subcommittee on Oversight & Investigations

“I am grateful for the confidence that the Chairwoman and my colleagues on the Committee have shown in me and I’m eager to continue leading the Oversight and Investigations Subcommittee in the 117th Congress,” said Congressman Green. “Because fair access to the financial system - whether to finance a home, fund a small business, or pay for college - can be crucial to success in America, I have long believed that our Committee’s work is of paramount importance to ensuring equality for all persons. Now, faced with the wreckage wrought by a global pandemic that has cost so many their health, their jobs, and their homes, our mandate to pursue economic inclusion, protect consumers, and hold the financial industry accountable has never been more critical.”

Subcommittee Chairs are subject to approval by the Democratic Steering and Policy Committee and the Democratic Caucus.

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