Press Releases

The House Republicans selected Rep. Barry Loudermilk (R-GA) to serve on the Financial Services Committee in the 115th Congress. Rep. Loudermilk will be the only Georgia Republican Congressman on this critically important panel.

“When bad regulation helped to create a financial crisis a decade ago, Congress tried to fix the problem with more bad regulation,” said Loudermilk. “As a result, these overbearing federal regulations have stifled job growth, expanded unemployment, restricted business expansion, and caused millions of Americans to be underpaid and underemployed. With the exciting changes taking place in Washington, we now have a tremendous opportunity to repeal overreaching government regulations and replace them with a system that promotes investment, encourages expansion, and stimulates growth and prosperity. I am excited for the opportunity to join a committee willing to tackle these hard issues and push reforms that will create jobs, expand business, and create opportunity for all Americans.”

“Barry’s proven track record and commitment to reducing the size and scope of government will be an invaluable asset to the Financial Services Committee,” said Rep. Jeb Hensarling (R – TX), Chairman of the Financial Services Committee.

Financial services issues are vitally important to Georgia, which is home to more banks than any other southern state. Within the Peach State lies sixty percent of the nation’s financial technology companies and seventy percent of the nation’s transaction processing, along with strong insurance, retail, securities, and housing industries. Rep. Loudermilk brings a unique background and perspective to the committee as an IT professional, a former small business owner, and a veteran.

Rep. Loudermilk was also appointed by Speaker Paul Ryan to serve on the Committee on House Administration, which oversees Congress’ internal management and operations.

Background

The Financial Services Committee focuses on financial independence and job creation. Aiming for a free and growing marketplace, the committee has jurisdiction over the banking system, credit unions, consumer credit, insurance, securities, housing, monetary policy, and many other important issues. To learn more, please visit the Financial Services Committee’s website here.