House Financial Services Committee to Hold First Meeting Today

The House Financial Services Committee (HFSC) will hold its first meeting of the 116th Congress today to adopt a resolution related to its governing rules and another one to name majority and minority committee members to sub-committees. HFSC member from New Jersey Rep. Josh Gottheimer (D-5) will serve on the following sub-committees: Investor Protection, Entrepreneurship and Capital Markets; National Security, International Development and Monetary Policy, and; Diversity and Inclusion.

 The organizational meeting is set to begin at 10 a.m. and will be webcast live.

Although this is the first official meeting of the committee, Committee Chair Maxine Waters, D-Calif., has been active since the session began. Earlier this month, Waters outlined issues she'd like to address in this session and specifically said she plans to maintain credit unions' access to the secondary mortgage market in any housing finance reform efforts.

Waters and Senate Banking Committee Ranking Member Sherrod Brown, D-Ohio, have also requested housing finance reform plans from the administration and Treasury Department.

Following up on a request from Waters on financial services being provided to federal workers that were affected by the partial government shutdown, CUNA last week highlighted specific products and services credit unions across the country were offering.