Duffy appointed finance subcommittee chairmanOn March 21, U.S. Rep. Sean Duffy, R-Weston, was appointed vice chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit by House Financial Services Committee Chairman Jeb Hensarling of Texas and subcommittee chairwoman Shelley Moore Capito of West Virginia.
On March 21, U.S. Rep. Sean Duffy, R-Weston, was appointed vice chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit by House Financial Services Committee Chairman Jeb Hensarling of Texas and subcommittee chairwoman Shelley Moore Capito of West Virginia. The subcommittee’s jurisdiction encompasses banks, credit unions and other credit-related institutions; and provides oversight of the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the newly formed Consumer Financial Protection Bureau.
“It is a great honor to be appointed to this prominent position in only my second term,” Duffy said. “My new role will allow me to continue to fight for community banks and lenders, so that individuals and small businesses in Wisconsin can access capital to grow and expand their businesses.”
Duffy said he looks forward to working with Hensarling and Capito on this and other important issues
“Sean is the perfect candidate for the position of subcommittee vice chairman,” said Hensarling. “He has proven to be a leader in promoting community financial institutions and protecting consumers in Wisconsin. His new position will allow him to further this role. I look forward to continuing to work with Sean on the full committee as he is always active in committee hearings and works tirelessly to strengthen the safety and soundness of our country’s financial system.”
Capito said she is pleased to have Duffy join the leadership team on the subcommittee.
“He has been a staunch advocate for the financial institutions in his district, working to ensure that federal regulations created in Washington are workable for main street banks and credit unions in Wisconsin,” said Capito. “I know Sean will bring a high degree of enthusiasm and a strong work ethic in carrying out oversight of the nation’s financial regulatory agencies and financial institutions.”
In addition, Duffy serves on the House Budget Committee and the Joint Economic Committee.