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HFSC appoints Rep. Frank Guinta to financial institutions, consumer credit subcommittee

Frank Guinta

The House Financial Services Committee approved a resolution on Wednesday to appoint Rep. Frank Guinta (R-N.H.), the newest member on the committee, to the subcommittee on financial institutions and consumer credit.

“Rep. Guinta understands that regulatory overkill makes it harder for our economy to recover and for jobs to be created,” Spencer Bachus, the chairman of the HFSC, said. “As a member of the [HFSC], he will play a key role in helping to lift the burden of unnecessary red tape that weighs down small businesses and the small town financial institutions that lend to them.”

Guinta vowed to dedicate himself to job creation during his tenure on the committee.

“I am honored by this appointment,” Guinta said. “In this new position, I’ll work hard to help improve the economy for all of us and to return opportunity for everyone. It’s also important that job creators have access to credit, so they can grow their payrolls and hire new employees. I will bring that perspective to my duties on the Committee as I continue working to return the good, middle-class jobs that Granite Staters want.”

Guinta replaced former representative Thaddeus McCotter on the HFSC after McCotter resigned following an investigation into his duplicate signatures on petitions submitted to the Michigan Secretary of State. The duplicated signatures were invalidated, leaving McCotter unable to run for office, as he did not meet the minimum required number of signatures.

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