Representative French Hill (R-AR) will serve as the next chair of the House Financial Services Committee (HFSC), the powerful House committee that oversees all components of the nation’s housing and financial services sectors, including public and assisted housing, banking, insurance, real estate, and securities. The Committee also reviews laws and programs related to HUD and government sponsored enterprises, including Fannie Mae and Freddie Mac. Representative Hill will replace current chair Patrick McHenry (R-NC), who will retire in January 2025.
Representative Maxine Waters (D-CA) was re-selected unanimously by the Democratic Caucus to serve as ranking member of HFSC for the 119th Congress. “Under my leadership over the past few years, we’ve achieved historic progress to expand housing and address homelessness, support small businesses, and protect people from fraud. But our work is far from finished,” stated Representative Waters. “Next year, when the Trump administration tries to push policies that raise costs for working families and eliminate hard fought consumer protections, Committee Democrats will resist and fight for policies that provide all Americans with safe and affordable housing, protection from predatory lending and fraud, and the economic freedom to pursue their dreams and provide for their families.”
NLIHC looks forward to continuing our work with Chair Hill and Ranking Member Waters in the coming Congress.
Read the statement on incoming Chair Hill at: https://tinyurl.com/mryepprj
Read the statement from Ranking Member Waters at: https://tinyurl.com/ye2b56up