WASHINGTON — House Financial Services Committee Chairman Michael G. Oxley on Friday formally announced the jurisdiction and chairmen of the new panel’s subcommittees.

As expected, Rep. Richard H. Baker, R-La., was named chairman of an expanded subcommittee that has a powerful sphere of influence: securities, insurance, capital markets, and government-sponsored enterprises. He had headed a capital markets subcommittee with narrower authority under the old House Banking Committee since 1995.

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