The two principal House committees whose actions have a major impact on the real estate finance industry got infusions of new Democratic members last week whose campaign rhetoric generally reflected a commitment to economic growth.
The House Democratic Caucus added 10 new members, including one freshman, to the Ways and Means Committee and 13 freshmen to the Banking, Finance and Urban Affairs Committee. Three additional Democratic slots on the banking panel will be filled after the 103rd Congress begins work Jan. 5. House Republicans named five new members of the Ways and Means Committee and must fill six places on the Banking Committee. The Senate will act on committee posts after the new Congress starts its work.