Rep. Loudermilk Named Vice Chair of the Subcommittee on Financial Institutions and Monetary Policy
Washington, January 26, 2023
Rep. Barry Loudermilk (R-GA) issued the following statement after being named Vice Chair of the Subcommittee on Financial Institutions and Monetary Policy by the Chairman of the House Financial Services Committee, Patrick McHenry:
“In my role as Vice Chair of the Subcommittee on Financial Institutions and Monetary Policy, I look forward to playing a key role in overseeing financial regulatory agencies; and, in particular, the out of control CFPB. I also hope to advance legislation that expands access to credit for consumers and businesses so our economy can thrive. Additionally, I look forward to conducting oversight of the Federal Reserve’s monetary policy as it seeks to get inflation under control. I want to thank Chairman McHenry for entrusting me with this important position, and look forward to working on this subcommittee with my colleagues and Subcommittee Chair, Rep. Andy Barr.”
Rep. Loudermilk will also serve on the Subcommittee on National Security, Illicit Finance, and International Financial Institutions.
Below is a brief summary of the Subcommittee on Financial Institutions and Monetary Policy's jurisdiction:
· Overseeing the operations and policy development of the prudential financial regulators, the CFPB, and the Federal Reserve and its twelve reserve banks
· Identifying policies that grow and stabilize the financial system and broader economy