WASHINGTON The chairman of the new House Financial Services Committee, Rep. Michael Oxley, met early Wednesday with Federal Reserve Chairman Alan Greenspan and later with Treasury Secretary designate Paul ONeill.
The men discussed the range of issues under the jurisdiction of the new committee, the priorities of the incoming Bush administration, and the implementation of the Gramm-Leach-Bliley Act of 1999.
Ive valued my working relationship with Chairman Greenspan over the last four years of my subcommittee chairmanship, and in my new assignment, I look forward to joining with him to promote competition and free markets, the Ohio Republican said in a statement issued after his breakfast meeting in Mr. Greenspans office.
Mr. ONeill then visited Rep. Oxley in his Capitol Hill office.
Once hes confirmed by the Senate, I know that Paul ONeill and I will work together to achieve continued prosperity while ensuring the safety and soundness of our financial systems, Rep. Oxley said in a statement.
The meetings were arranged after President-elect George W. Bush last week requested that Rep. Oxley meet as soon as possible with Mr. Greenspan, Mr. ONeill, and the yet-to-be-nominated chairman of the Securities and Exchange Commission.