Meeks of N.Y. to chair House financial institutions subcommittee

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WASHINGTON — Rep. Gregory Meeks, D-N.Y., on Thursday was named chair of the House Financial Services subcommittee on consumer protection and financial institutions.

The full Financial Services Committee — chaired by Rep. Maxine Waters, D-Calif. — announced all six subcommittee chairs, including the appointment of Rep. Joyce Beatty, D-Ohio, as head of the newly created diversity and inclusion subcommittee. The full committee is also expected to create a fintech task force, but has not yet announced its membership or leadership.

Rep. Patrick McHenry, R-N.C., also announced who will be the ranking Republicans on each subcommittee.

Meeks' panel was formerly named the subcommittee on financial institutions and consumer credit, which was headed in the previous Congress by Rep. Blaine Luetkemeyer, R-Mo. The Missouri Republican will become the ranking member.

Rep. Emanuel Cleaver, D-Mo., will chair the subcommittee on national security, international development and monetary policy. Those three policy areas were previously split between two subcommittees. Rep. Steve Stivers, R-Ohio, will be the ranking member.

Rep. Lacy Clay, D-Mo., will chair the subcommittee on housing, community development and insurance, which was previously chaired by Rep. Sean Duffy, R-Wis. Cleaver had been the ranking member of the panel. Duffy will remain the top Republican on the housing subcommittee.

Rep. Carolyn Maloney, D-N.Y., will chair the subcommittee on investor protection, entrepreneurship and capital markets. She previously served as ranking member of that panel. Rep. Bill Huizenga will serve as the subcommittee's top Republican.

Rep. Al Green, D-Texas, will become chair of the oversight and investigations subcommittee after having served as its ranking member. Rep. Andy Barr, R-Ky., will serve as the top Republican.

Rep. Ann Wagner, R-Mo., will serve as the vice ranking member of the full committee and the ranking member for the subcommittee on diversity and inclusion.

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