A sign at the entrance to a House Financial Services Committee room in Washington, D.C. (Image: Shutterstock).
The House Financial Services Committee is gaining a huge crop of new members this year—16 Democrats and five Republicans.
Among Democrats, 13 of the new members are freshmen; the list includes a presidential candidate, a protégé of Sen. Elizabeth Warren (D-Mass.) and a new member who gained attention when she used a profanity to say that Democrats will impeach President Trump.
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Nine of the Democrats defeated incumbents for their seats and some are among the most progressive new members. That could cause clashes between the liberal members and more moderate veteran members of the committee.
Speaking to the Center for American Progress Action Fund on Wednesday, Financial Services Chairman Maxine Waters (D-Calif.), indicated that she was pleased with the group of new members.
"It is diverse," she said, adding that "They know many of these issues and are prepared to fight." Most of the Democrats were elected without financial support from credit union political action committees, according to the latest filings at the Federal Election Commission.
The Democrats who are not freshmen, but are joining the committee are:
- Rep. Alma Adams (D-N.C.)
- Rep. Tulsi Gabbard (D-Hawaii), who has announced her candidacy for the Democratic presidential nomination.
- Rep. Al Lawson (D-Fla.)
The Democratic freshmen who are joining the committee:
- Rep. Cindy Axne (D-Iowa), who defeated former Rep. David Young (R-Iowa) in the November election.
- Rep. Sean Casten (D-Ill.), who defeated former Republican Rep. Peter Roskam.
- Rep. Madeleine Dean (D-Penn.)
- Rep. Jesus Garcia (D-Ill.),
- Rep. Sylvia Garcia (D-Texas)
- Rep. Ben McAdams (D-Utah), who defeated former Republican Rep. Mia Love
- Rep. Alexandria Ocasio-Cortez (D-N.Y.), who defeated former Democratic Rep. Joseph Crowley in the Democratic primary for the House seat.
- Rep. Dean Phillips (D-Minn.), who defeated former Republican Rep. Erik Paulson.
- Rep. Katie Porter (D-Calif.), who defeated Republican former Republican Rep. Mimi Walters
- Rep. Ayanna Pressley (D-Mass.), who defeated former Democratic Rep. Michael Capuano in the Democratic primary for the seat.
- Rep. Rashida Tlaib (D-Mich.), one of the first of two Muslim women to serve in Congress. She has gained some notoriety, when referring to President Trump, she said, "We're gonna go in there and impeach the mother***er."
- Rep. Jennifer Wexton of Virginia, who defeated former Republican Rep. Barbara Comstock.
- Del. Michael San Nicolas (D-Guam), who defeated Democratic Del. Madeleine Bordallo in the Democratic primary for the seat.
Several of the new Democrats have identified themselves as progressives. Porter is a protégé of Sen. Elizabeth Warren (D-Mass.), perhaps the most outspoken defender of the Consumer Financial Protection Bureau. The Financial Services Committee has jurisdiction over the bureau. Tlaib and Ocasio-Cortez have identified themselves as Democratic-Socialists.
Ocasio-Cortez is one of the most high-profile freshman Democrats. She has more than two million Twitter followers. However, some incumbent House members may not be thrilled with at least one of her decisions. She continues to support Justice Democrats, a group that is encouraging progressive Democrats to launch primary challenges against House Democrats who are not as liberal as the group would like.
On Tuesday, Ocasio-Cortez posted a message on Twitter mentioning a few of her priorities, including allowing post offices to provide basic banking services—a proposal vehemently opposed by credit union trade groups.
Five freshmen Republicans are set to join the committee, according to sources in the financial community:
- Rep. Anthony Gonzalez (R-Ohio), a former National Football League wide receiver.
- Rep. Lance Gooden (R-Texas).
- Rep. Denver Riggleman (R-Va.)
- Rep. John Rose (R-Tenn.)
- Rep. Bryan Steil (R-Wis.), who replaced former Republican House Speaker Paul Ryan, who retired.
Some of the Democrats have said they will not accept corporate contributions. Waters referred to that decision, noting that her panel had been known as a "Juice Committee," a committee that had jurisdiction over businesses whose officers were willing to contribute heavily to members' campaigns.
CUNA had contributed almost $2.6 million to candidates by Nov. 26, according to figures compiled by the Center for Responsive Politics. That is the date of the latest filing with the Federal Election Commission, which has been affected by the partial government shutdown.
Of the 15 new Democratic members of the Financial Services Committee, CUNA had contributed to four by that date: $6,000 to Lawson, $5,000 to Dean, $10,000 to Sylvia Garcia and $5,000 to Tlaib.
CUNA had contributed to three of the five new Republican members on the committee: $5,000 to Gonzalez, $10,000 to Gooden and $5,000 to Steil.
NAFCU, which operates a much smaller political action committee, did not contribute to any of the candidates.
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