Magazine article American Banker

Washington People

Magazine article American Banker

Washington People

Article excerpt

Shuffle Steps

The Democratic Steering Committee made several selections last week that will change the makeup of the House Financial Services Committee next year.

Several newly elected Democrats will join the panel, including Reps. Joe Donnelly of Indiana, Keith Ellison of Minnesota, Ron Klein of Florida, Tim Mahoney of Florida, Ed Perlmutter of Colorado, Charlie Wilson of Ohio, and Albio Sires of New Jersey.

Rep. Lincoln Davis of Tennessee, a member of Congress since 2003, also will join the committee. Rep. Davis is a member of the Congressional Blue Dog Coalition, a group of 35 fiscally conservative House Democrats, and has served on the Transportation and Infrastructure, Science, and Agriculture committees.

Financial Services also lost some veteran Democrats to other committees.

Reps. Darlene Hooley of Oregon and Jim Matheson of Utah, will join the Energy and Commerce Committee. Reps. Barbara Lee of California and Debbie Wasserman Schultz of Florida will join the Appropriations Committee. Reps. Joe Crowley of New York and Artur Davis of Alabama will join the Ways and Means Committee.

And Rep. John Sarbanes of Maryland, the son of retiring Sen. Paul Sarbanes, will not be heading to Financial Services, as some expected. Instead, he will take a spot on the Education and Workforce Committee.

Farewell to Leach

The financial services industry turned out in force last week for a farewell party for Rep. Jim Leach, who was defeated in the midterm election and will leave Congress on Jan. 2.

Former Federal Reserve Board Chairman Alan Greenspan and retiring House Financial Services Committee Chairman Michael Oxley offered speeches praising the Iowa Republican for his years of service.

"No one epitomizes what this institution is about better than Jim Leach," said Rep. Oxley, who succeeded Rep. Leach as the committee chairman. …

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