McHenry Announces Financial Services Subcommittee Chairs and Jurisdiction for 118th Congress
Washington,
January 12, 2023 -
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the Financial Services Committee’s subcommittees, as well as Chairs and jurisdiction for the 118th Congress.
“Committee Republicans are ready to deliver on our promises made to the American people,” said Chairman McHenry. “This slate of subcommittee Chairs will be the drivers of our policy agenda centered around economic prosperity for all Americans. Whether that is increasing opportunities for all investors, expanding access to innovative financial products, or ensuring the safety and soundness of our financial system—this Committee’s leadership team is ready to meet the moment. I am honored to have these talented leaders—who represent the diverse experiences and expertise of our Conference—by my side as we get to work.”
Subcommittees, Chairs, and Jurisdiction:
Subcommittee on Capital Markets—Rep. Ann Wagner (MO-02)
The subcommittee’s jurisdiction will cover, among other things:
- 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
Subcommittee on Financial Institutions and Monetary Policy—Rep. Andy Barr (KY-06)
The subcommittee’s jurisdiction will cover, among other things:
- 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
Subcommittee on Digital Assets, Financial Technology and Inclusion—Rep. French Hill (AR-02)
The subcommittee’s jurisdiction will cover, among other things:
- 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
Subcommittee on National Security, Illicit Finance, and International Financial Institutions—Rep. Blaine Luetkemeyer (MO-03)
The subcommittee’s jurisdiction will cover, among other things:
- 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
Subcommittee on Oversight and Investigations—Rep. Bill Huizenga (MI-04)
The subcommittee’s jurisdiction will cover, among other things:
- 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
Subcommittee on Housing and Insurance—Rep. Warren Davidson (OH-08)
The subcommittee’s jurisdiction will cover, among other things:
- 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
###
