Oversight of securities and insurance would be moved to the House Banking Committee under a restructuring of the House committee system that is receiving serious consideration by Republicans poised to take control of the Congress in 1995.

Another dramatic move being considered by Republicans in the euphoria of their sweeping victory in Nov. 8s election is the elimination of the consumer affairs subcommittee of the House Banking Committee. A subplot to this would be reducing the number of subcommittees in House Banking to four, with housing being shifted to an umbrella panel to be called the empowerment subcommittee.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.