Removing Barriers Blog

New Committee Membership in 115th Congress
Posted January 09, 2017 by CUNA Advocacy

As a result of last fall's election and the ordinary turnover of Members of the House and Senate, Congressional leaders on both sides of the aisle and both sides of the Capitol have been busy this week filling coveted slots on important Congressional committees.  These empty seats are the result of lawmakers who retired, were defeated for reelection, or simply decided they would like to vacate their committee seats and move to other "more interesting or powerful" committees.  Decisions on who will fill these vacancies in the House are made by the House Democratic Steering and Policy Committee and the House Republican Steering Committee.  In the Senate, these decisions are made by Republican and Democratic "Committees on Committees."  All decisions by these committees in both chambers are subject to the ratification of the full party membership in the particular body.  While the process is not entirely complete, we do have some information to share that will affect the credit union advocacy agenda.

The House Financial Services Committee, which has jurisdiction over the Federal Credit Union Act and other major banking and consumer financial protection laws and oversees the National Credit Union Administration and Consumer Financial Protection Bureau, will add a sizeable number of new members in the 115th Congress, including 10 Republicans (Democrats have not yet named their new members).  Republicans joining the committee include Reps. Dave Trott (R-MI), Lee Zeldin (R-NY), Barry Loudermilk (R-GA), Tom MacArthur (R-NJ), Claudia Tenney (R-NY), Alex Mooney (R-WV), Trey Hollingsworth (R-IN), David Kustoff (R-TN), Ted Budd (R-NC), and Warren Davidson (R-OH). Once Democrats have been assigned, we will update this post.

In the Senate Banking Committee, new Chairman Mike Crapo (R-ID) will welcome five new members to the dais, three Republicans and two Democrats. For the Republicans, David Perdue (R-GA) is the only Fortune 500 CEO in Congress and has over 40 years of business experience as former CEO of Reebok athletic brand and Dollar General stores. Thom Tillis (R-NC) previously served as Speaker of the North Carolina House of Representatives.  He has also held top-level executive positions at IBM and consultancy PricewaterhouseCoopers. Finally, John Kennedy (R-LA) who was recently elected to his fifth term as State Treasurer in 2015, served also as Secretary of the Louisiana Department of Revenue and Special Counsel to Governor Roemer. Democrats will add Chris Van Hollen (D-MD), elected to the Senate in 2016 after several terms in the House, where he served as Ranking Member on the Budget Committee, and Catherine Cortez Masto (D-NV), previously Attorney General of the State of Nevada, is also the first Latina elected to the U.S. Senate.

Once the dust settles on this new Congress, we’ll have further updates on other Committees relevant to credit union advocacy, including House Ways and Means, Appropriations, and Energy and Commerce, and Senate Finance, Appropriations, and Commerce.