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Washington
Bachus introduces House finance subcommittee leadership
WASHINGTON (12/10/10) --Incoming House Financial Services Committee Chair Rep. Spencer Bachus (R-Ala.) on Thursday announced his committee leadership appointees for the 112th Congress. Rep. Jeb Hensarling (R-Texas) will serve as Bachus’s Financial Services Committee vice chair, according to a Thursday release. Bachus also announced slight modifications to various subcommittee jurisdictions. Rep. Judy Biggert (R-Ill.) will chair the subcommittee on insurance, housing and community opportunity. That subcommittee’s jurisdiction will cover insurance, housing, and urban development, and oversight of the U.S. Department of Housing and Urban Development. The financial institutions and consumer credit subcommittee will be chaired by Rep. Shelley Moore Capito (R-W. Va.) and will cover financial institutions, federal deposit insurance, and safety and soundness. Reps. Scott Garrett (R-N.J.) and Ron Paul (R-Texas) will chair the capital markets and government-sponsored enterprises (GSEs) and the domestic monetary policy subcommittees, respectively. Rep. Gary Miller (R-Calif.) will chair the international monetary policy subcommittee, while Rep. Randy Neugebauer (R-Texas) will chair the oversight and investigations subcommittee. Bachus in a statement said that the committee appointees would honor their “commitment to aggressive oversight, reform of the GSEs, and monitoring the implementation of the Dodd-Frank Act. “We are ready to hit the ground running, and I look forward to continuing our work in the next Congress,” Bachus added.


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