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There's going to be significant overturn on the House Financial Services Committee next year, thanks to a number of retirements and several lost races.
November 12 -
The Illinois Republican lost her seat to former Rep. Bill Foster on Tuesday night, opening up a chairman spot on the insurance, housing and community opportunity subcommittee.
November 8
WASHINGTON — House Republicans are preparing to add several freshman members to the House Financial Services Committee next year, while forcing the exit of two current panelists — Reps. David Schweikert and Walter Jones.
Schweikert's removal is likely due to personal conflicts with GOP leadership, according to industry sources. The Tea Party favorite served as vice chairman of the subcommittee on capital markets and government sponsored enterprises and was briefly a member of the House whip team before being forced out after a disputed vote.
Tensions continued to simmer between the Arizona Republican and GOP leaders, erupting again over negotiations over the Jumpstart Our Business Startups Act.
"This morning Congressman Schweikert learned there was a price to be paid for voting based on principle," said spokeswoman Rachel Semmel. "That price was the removal from the House Financial Services Committee. We are obviously disappointed that leadership chose to take this course, but Rep. Schweikert remains committed to fighting for the conservative principles that brought him here."
Observers said Jones, of North Carolina, is expected to leave the committee because of his relative inactivity on financial issues. He was also one of the few Republicans to cross the aisle and vote in favor of the Dodd-Frank Act. A spokeswoman for Jones was not immediately available for comment on the departure.
The House Republican Steering Committee, meanwhile, is starting to add lawmakers to the panel. Reps. Dennis Ross, R-Fla.; Randy Hultgren, R-Ill.; Marlin Stutzman, Mick Mulvaney R-S.C.; and Reps.-elect Robert Pittenger, R-N.C.; Ann Wagner, R-Mo.; and Andy Barr, R-Ky., are expected to join the committee next year, according to several sources.
Ross, Pittenger, Wagner and Mulvaney have all either released statements or confirmed that they will be joining the committee next year. Spokespeople for Stutzman and Barr were not available for comment and a spokeswoman for Hultgren said the congressman was "very hopeful" to join the banking panel but that the decision had not been finalized.
Spokesmen for the Republican Conference and House Speaker John Boehner's office did not respond to requests for comment.
