Gonzalez Appointed to Top Subcommittee within Powerful House Financial Services Committee
Lands spot on Coveted Capital Markets, Securities, and Investments Subcommittee with jurisdiction over Wall Street
WASHINGTON -- Congressman Vicente Gonzalez, D-McAllen, has secured a position on the House Financial Services Subcommittee on Capital Markets, Securities, and Investments. It is extremely rare for a first-term member of Congress to serve on such an influential subcommittee, which has direct jurisdiction and oversight of Wall Street. He also secured positions on the House Financial Services Subcommittee on Terrorism and Illicit Finance and the House Financial Services Subcommittee on Oversight and Investigations.
"I consider these assignments vital to the Rio Grande Valley, the State of Texas and the entire country. How we move forward on economic opportunity efforts for hard-working taxpayers is vital to the well-being of all," Gonzalez said. "Throughout my career, I have been a voice for American consumers, and my subcommittee assignments will allow me to use my experience to continue those efforts as we work to improve our financial system while looking at ways to balance the needs of taxpayers, businesses, financial institutions, and others."
The House Financial Services Committee is one of four exclusive committees in the U.S. House of Representatives. Member of Congress chosen for an exclusive committee are generally limited to one committee assignment, which is the case for Gonzalez.
"Serving on these subcommittees is an honor," Gonzalez said.
"The Capital Markets Subcommittee links Congress and Wall Street with oversight of the Securities and Exchange Commission, and the Terrorism and Illicit Finance Subcommittee is newly created and has jurisdiction over combating the flow of funds to terrorist groups in this country and around the world," he said. "The Oversight and Investigations Subcommittee will play an integral role as we move to make financial institutions and practices more safe and transparent for the American public."
Committee Jurisdiction
(1) Banks and banking, including deposit insurance and Federal monetary policy.
(2) Economic stabilization, defense production, renegotiation, and control of the price of commodities, rents, and services.
(3) Financial aid to commerce and industry (other than transportation).
(4) Insurance generally.
(5) International finance.
(6) International financial and monetary organizations.
(7) Money and credit, including currency and the issuance of notes and redemption thereof; gold and silver, including the coinage thereof; valuation and revaluation of the dollar.
(8) Public and private housing.
(9) Securities and exchanges.
(10) Urban development.
Congressman Vicente Gonzalez proudly represents the 15th District of Texas which encompasses the growing suburban counties of Brooks, Duval, Jim Hogg, Karnes, and Live Oak as well as parts of Guadalupe, Hidalgo, and Wilson counties.