House Financial Services Committee Getting Smaller; GOP Names New Members
The House Financial Services Committee is shrinking.
The panel, which had 72 members in this Congress, will have 59 members when the GOP takes control in January.
The Republicans named 12 new members to the committee. The Democrats are slated to make their committee assignments next week.
Rep. Spencer Bachus (R-Ala.) will chair the panel. Rep. Barney Frank (D-Mass.), who has chaired the panel for the past four years, will be the ranking minority member.
Two of the GOP newcomers will be in their second term in the House and the rest are freshman.
The sophomores are Reps. Blaine Luetkemeyer of Missouri and Lynn Westmoreland of Georgia. Luetkemeyer, a former community banker and insurance agent, chaired the Financial Services Committee in the Missouri House. When he ran for Congress in 2008 CUNA's PAC spent $184,021 on advertisements and brochures on behalf of his Democratic opponent, then-state Rep. Judith W. Baker, who has been supportive of credit unions. However, the PAC gave Luetkemeyer's reelection campaign $1,000 this cycle.
The soon-to-be freshmen elect on the panel are Francisco Canseco of Texas, Robert Dold of Illinois, Sean Duffy of Wisconsin, Mike Fitzpatrick of Pennsylvania, Mike Grimm of New York, Nan Hayworth of New York, Bill Huizenga of Michigan, Rob Hurt of Virginia, Steve Pearce of New Mexico and Steve Stivers of Ohio.