New Financial Services Committee Chairman Jeb Hensarling, R-Texas, has selected new House Banking Panel leadership. The committee makeup includes new positions and some consolidation.
Hensarling announced that Rep. Gary Miller, R-Calif. will serve as vice chairman of the committee, and Rep. Lynn Westmoreland, R-Ga., will serve as committee whip.
Two members will stay in their positions: Rep. Shelley Moore Capito, a Republican from Virginia, will maintain her role as head of the financial institutions and consumer credit subcommittee; Scott Garret, a Republican from New Jersey, will stay on as chair of the capital markets and government-sponsored enterprises subcommittee.
In terms of consolidation, Hensarling plans to combine two subcommitees: the international monetary policy and trade subcommittee and the domestic monetary policy and technology subcommittee. The new committee will be called the domestic and international monetary policy subcommitee, and it will be chaired by John Campbell, R-California. Campbell has served on the subcommittee on Capital Markets and Government Sponsored Enterprises and the subcommittee on International Monetary Policy and Trade.
The insurance, housing, and community opportunity subcommittee will be chaired by Rep. Randy Neugebauer, a Republican from Texas. Rep. Patrick McHenry, a Republican from North Carolina, will take Neugebauer’s spot at the oversight and investigations subcommittee.