The House Committee on Financial Services held its organizational meeting for the 113th Congress on January 23. The meeting was led by newly appointed Committee Chair Jeb Hensarling (R-TX) and Ranking Member Maxine Waters (D-CA). Ranking Member Waters said in her opening statement that Chair Hensarling has “bent over backwards to try to understand [the Minority’s] concerns,” and said that she looks forward to a good working relationship with the Majority even though the two sides may disagree. The committee adopted a rules resolution by voice vote. The resolution, among other provisions:
- Names former Committee Chair Spencer Bachus (R-AL) Chairman Emeritus. Mr. Bachus no longer serves as Committee Chair due to House of Representatives term limit requirements for Chairmanship positions.
- Renames the former Subcommittee on Insurance, Housing, and Community Opportunity to the Subcommittee on Housing and Insurance.
- Continues to require that at least three calendar days notice be given before a committee or subcommittee markup.
Assignments for all subcommittees were finalized at the meeting. Representative Randy Neugebauer (R-TX) was named Chair of the Subcommittee on Housing and Insurance and Representative Blaine Leutkemeyer (R-MO) will be Vice Chair. Representative Michael Capuano (D-MA) is the new Ranking Member.Other Republicans named to the Housing and Insurance Subcommittee are Representatives Ed Royce (CA), Gary Miller (CA), Shelley Moore Capito (WV), Scott Garrett (NJ), Lynn Westmoreland (R-GA), Sean Duffy (WI), James Renacci (OH), Robert Hurt (R-VA), and Steve Stivers (OH). Chairman Hensarling is ex officio and former Chairman is emeritus.The Democratic Representatives assigned to the Subcommittee on Housing and Insurance are Nydia Velasquez (NY), Emanuel Cleaver (MO), William Lacy Clay (MO), Brad Sherman (CA), Jim Himes (CT), Carolyn McCarthy (NY), Kyrsten Sinema (AZ), and Joyce Beatty (OH). Ms. Waters is ex officio. Ms. Sinema and Ms. Beatty are newly elected Members of the House.The Subcommittee on Capital Markets and Government Sponsored Enterprises will be chaired by Representative Scott Garrett (R-NJ) with Representative Robert Hurt (R-VA) as Vice Chair. Representative Carolyn Maloney (D-NY) is the Ranking Member.The Republican members of the Capital Markets and GSEs Subcommittee are Representatives Spencer Bachus (AL), Peter King (NY), Ed Royce (CA), Frank Lucas (OK), Randy Neugebauer (TX), Michele Bachmann (MN), Kevin McCarthy (CA), Lynn Westmoreland (GA), Bill Huizenga (MI), Michael Grimm (NY), Steve Stivers (OH), Stephen Fincher (TN), Mick Mulvaney (SC), Randy Hultgren (IL), Dennis Ross (FL), and Ann Wagner (MO), with Chairman Hensarling as ex officio. Ms. Wagner is new to Congress.The Democrats assigned to the Subcommittee on Capital Markets and GSEs are Representatives Brad Sherman (CA), Rubén Hinojosa (TX), Stephen Lynch (MA), Gwen Moore (WI), Ed Perlmutter (CO), Jim Himes (CT), Gary Peters (MI), Keith Ellison (MN), Mel Watt (FL), Bill Foster (IL), John Carney (DE), Terri Sewell (AL), and Daniel Kildee (MI), with Ms. Waters as ex officio. Mr. Kildee is newly elected.The House Committee on Appropriations also finalized Minority subcommittee assignments at an organizational meeting on January 23; Majority subcommittee assignments were announced on January 15. Republican Representatives assigned to the Transportation-HUD Appropriations Subcommittee are Chair Tom Latham (IA), Frank Wolf (VA), Charles Dent (PA), Kay Granger (TX), Tom Cole (OK), Jaime Herrera Beutler (WA), and new Member of Congress David Joyce (OH).Democratic Representatives assigned to the Transportation-HUD Appropriations Subcommittee are Ranking Member Ed Pastor (AZ), David Price (NC), Mike Quigley (IL), and Tim Ryan (OH).An archived webcast of the Financial Services Committee meeting is available at http://1.usa.gov/Yspl7u. The Financial Services Committee rules resolution is available at http://1.usa.gov/Yspnfy. A full list of Majority House Committee on Financial Services assignments is available at http://1.usa.gov/pA5c9B. A full list of Minority House Committee on Financial Services assignments is available at http://1.usa.gov/YspvM7. A full list of Majority House Committee on Appropriations assignments is available at http://1.usa.gov/YspyHV. A full list of Minority House Committee on Appropriations assignments is available at http://1.usa.gov/YspAiO.