The House Financial Services Committee will meet on January 25 to complete its organization, adopt resolutions establishing its rules and formally appoint Republican and Democrat members to subcommittees.
Once the resolutions are adopted, the Subcommittee on
Insurance, Housing and Community Opportunity will be in place. Chaired
by Representative Judy Biggert (R-IL), the Republican
members are Robert Hurt (VA) serving as vice chairman, Gary Miller
(CA), Shelley Moore Capito (WV), Scott Garrett (NJ), Patrick McHenry
(NC), Lynn Westmoreland (GA), Sean Duffy (WI), Robert Dold (IL), Steve
Stivers (OH). Representative Luis Gutierrez (D-IL) will
serve as ranking member; other Democrats on the subcommittee are Maxine
Waters (CA), Nydia Velazquez (NY), Emanuel Cleaver (MO), William Lacy
Clay (MO), Mel Watt (NC), Brad Sherman (CA) and Michael Capuano (MA).
Representatives Hurt, Duffy, Dold, and Stivers are new members of
On the following day, January 26, the Financial Services Committee will hold its first hearing of the 112th Congress. The hearing, titled “Promoting Economic Recovery and Job Creation: The Road Forward,” will explore ways to promote economic activity and foster job creation. “Sustainable economic growth is our main objective, and this hearing is just the beginning of our work to ensure government is encouraging, not inhibiting, job creation and economic recovery,” Chairman Spencer Bachus (R-AL) said in the hearing announcement.
The hearing is to feature economists and private sector experts, though specific witnesses have not yet been announced. It will begin at 10am in 2128 Rayburn House Office Building.