A New House Financial Services Committee is Coming Soon

Alexandria Ocasio-Cortez is eyeing a seat on Financial Services, which has oversight of the CFPB.

1/11/2019 2:00 PM

A New House Financial Services Committee is Coming Soon

Freshman U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., is among the new slate of members under consideration for the powerful House Financial Services Committee in the Democratic-controlled House of Representatives.

Ocasio-Cortez put in a bid to serve on the committee in December.  If selected among new members by Speaker of the House Nancy Pelosi, she will serve with U.S. Rep. Gregory Meeks, D-N.Y., who also recommended Ocasio-Cortez for one of the open seats.

Democrats will fill 13 new seats on the committee with their majority in the House as well as several open seats as a result of members moving to other committees, according to The Washington Post. “But it’s possible if demand for those assignments doesn’t materialize, leadership could move to shrink the panel,” it reports.

U.S. Reps. Gwen Moore, D-Wis., and Dan Kildee, D-Mich., are now part of the House Ways and Means Committee and U.S. Rep. Charlie Crist, D-Fla., is serving on House Appropriations, according to a news release from Pelosi’s office. At press time, Moore, Kildee and Crist remain listed as members of the House Financial Services Committee.

The House Financial Services Committee currently has 60 members and is the third-largest among all House committees. It also has oversight of the Consumer Financial Protection Bureau. New committee chair U.S. Rep. Maxine Waters, D-Calif., said she will focus on “undoing the damage” at the bureau and may call on former Acting Director Mick Mulvaney to testify before the committee.

As part of change in leadership, the committee released a new website. If you subscribed to committee news releases, you may want to update your subscription here. The committee is also available to follow on Twitter @FSCDems and @FinancialCmte.

Related Content from ACA International:

Financial Services Committee Chair Waters Continues to Hone in on Past CFPB Actions

U.S. Rep. Patrick McHenry Elected as Ranking Member of House Financial Services Committee

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