Issue Position: Financial Services Committee

Issue Position

As a small business owner before being elected to office, U.S. Rep. Bill Huizenga was fittingly named to the exclusive House Financial Services Committee, which has jurisdiction over all issues pertaining to the economy, the banking system, housing, insurance, and securities and exchanges. It also oversees monetary policy, international finance, international monetary organizations, and efforts to combat terrorist financing. Congressman Huizenga is currently serving his second term on the committee.

During the 114th Congress, Congressman Huizenga will serve as Chairman of Monetary Policy and Trade Subcommittee in addition to sitting on The Capital Markets and Government Sponsored Enterprises Subcommittee.

Previously Congressman Huizenga served on the Financial Institutions and Consumer Credit, International Monetary Policy and Trade, and Domestic Monetary Policy and Technology Subcommittees.

Rep. Huizenga has a unique perspective on both finance and public service. Before being elected to office, he was a REALTOR and a small business entrepreneur. In 1999, he became co-owner of Huizenga Gravel, Inc., in Jenison, MI, which has given Huizenga the real-life experience of dealing with the issues small business owners face, as a business owner himself.

ABOUT THE COMMITTEE AND HUIZENGA'S SUBCOMMITTEE ASSIGNMENTS:

As Chairman, Congressman Huizenga sets the agenda for the Monetary Policy & Trade Subcommittee and presides over committee hearings and essential committee operations. Under Rep. Huizenga's leadership, the subcommittee will continue oversight of how the Federal Reserve's Board of Governors conducts monetary policy as well as general oversight of the Federal Reserve System. The subcommittee will also review our nation's international monetary and trade policies to ensure they promote domestic economic growth and create an open and competitive global marketplace.

The Subcommittee on Monetary Policy and Trade has jurisdiction over legislation pertaining to:
The impact of monetary policy on the economy, financial actions on interest rates, the allocation of credit, and the structure and functioning of domestic financial institutions;
International trade;
International investment policies, both as they relate to United States investments for trade purposes by citizens of the United States and investments made by all foreign entities in the United States;
The Export-Import Bank, International Monetary Fund (IMF) and the World Bank;
Coins, coinage, currency, and medals, including commemorative coins and medals, proof and mint sets and other special coins, and counterfeiting.

The Subcommittee on Capital Markets and Government Sponsored Enterprises. This subcommittee will have jurisdiction over issues surrounding:
Securities, exchanges, and finance;
Capital markets activities, including business capital formation and venture capital;
Activities involving futures, forwards, options, and other types of derivative instruments;
The Securities and Exchange Commission (SEC);
Secondary market organizations for home mortgages, including the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Federal Agricultural Mortgage Corporation;
The Federal Housing Finance Agency; and
Federal Home Loan Banks.

Source