WASHINGTON, D.C. - U.S. Congressman Dan Boren secured additional Subcommittee assignments today under the House Financial Services Committee which has jurisdiction over the nation’s banking, insurance, real estate, housing and securities sectors.
Boren will retain his assignment to the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises while adding the Subcommittee on Housing and Community Opportunity and the Subcommittee on Oversight and Investigations to his list of duties for the committee.
“My position on the Financial Services Committee gives me a seat at the table on issues that are vital to Oklahoma’s economy,” Boren said. “These changes in subcommittee assignments will provide greater influence for eastern Oklahoma on issues related to the housing industry and the regulation of many financial sectors.”
The Housing and Community Opportunity subcommittee oversees the Department of Housing and Urban Development, the Government National Mortgage Association, and also handles matters related to public, affordable, and rural housing, as well as community development including Empowerment Zones, and government-sponsored insurance programs, such as the National Flood Insurance Program.
“The nation continues to face concerns in the housing market. It is critical that Oklahoma be well-represented as Congress seeks the best policy for moving us beyond this situation,” Boren said. “I stand ready to work in Congress on future housing legislation.”
The subcommittee Oversight and Investigations conducts oversight of the agencies, departments, and programs under the Financial Services Committee’s jurisdiction. The subcommittee also conducts investigations on any matter within the jurisdiction of the Financial Services Committee, and evaluates the need for any legislative changes to the laws and programs within this jurisdiction.
“While the overwhelming majority of the nation’s financial institutions practice sound business policies, several recent news headlines demonstrate the need for Congressional oversight,” Boren said. “Many problems that have occurred in the financial sector would not have been found without this oversight, and I am proud to now play a significant role in these efforts.”
Aside from Boren’s role in the Financial Services Committee and its subcommittees, he will also continue to serve his assignments on the House Armed Services Committee and the House Committee on Natural Resources.
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