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Financial Services
1
Party Membership affecting committee effectiveness?! Why?
What does it do?!
Chairman
- Party membership affects this committee very much
- Majority of members are Democrat
- *Majority of Democrats extenisvely support financial reform and aid to the people*
- Most Republicans stray from supporting financial reform
- Touchy Subject
- Save Votes
- Financial Services Committee
- Mostly run by Democrats
- Financial reform, financial policy making, and aid to the people is effectivly occuring
BILL
Chair- Ron Wyden(Democrat) Portland Oregon
Ranking Member-Orrin G. Hatch(Republican) Utah
Important Member(famous)- John D. Rockafeller (Democrat) West Virginia
The Supporting at Risk Children Act
Extends current program to 2016
*Money now biased off of rate.
EX: 4k for adoptions if above base rate
Also limitations on incentive payments
*over 100k 25% has to go to services for the children
Bills
- Bipartisan Regulatory Relief Bills
-Job Growth
-Regulatory Relief Bills.
*Overlooks the entire
financial services industry*
-securities
-insurance
-banking
-housing industry
*Also overlooks
- Federal Reserve
-U.S. Department of Treasury
- U.S. Securities and Exchange Commission
Political Party in Control of the Committee
->Importance:
overseas the United States economy and financial situations
-Democrats make up the majority of the Financial Services
-Democrats make up the majority of the House
-Makes them the leaders of this commitie
-Now that Republicans are in control of the Senate
-Will take over in January
Top Committee Members (Post Election)
Jeb Hensarling, Chairman of Republican Party, Texas.
Peter T. King, Republican Party, New York.
Maxine Waters, Ranking Member of Democrats, California.
Financial Services Committee
Discussion Questions:
-What area of jurisdiction for this committee has recently come under fire by the public, media, etc? Why?
