Newly elected Rep. Ann Wagner (R-Mo.), who was recently named to the so-called “A-list” House Financial Services Committee, said that Dodd-Frank will be a major issue of discussion in coming months.
“It may have been a good idea to begin with, but in St. Louis and all across the country, the financial industry is being harmed by excessive and burdensome regulations,” Wagner said, according to The St. Louis Post-Dispatch.
Wagner said that she expects future opportunities on the HFSC to assess Dodd-Frank’s impact and rein in the Consumer Financial Protection Bureau, a federal watchdog organization touted by congressional Republicans as overly powerful and expansive.
Before joining Congress, Wagner served for nine years as a local committee member in Lafayette Township and chaired the Missouri Republican Party. She also served as the co-chairman of the Republican National Committee during former president George W. Bush’s first term.
In 2005, after being nominated by Bush and confirmed by the U.S. Senate, Wagner was sworn in as an U.S. ambassador to Luxembourg and served in the position for four years before returning to Missouri, The St. Louis Post-Dispatch reports.
Additionally, Wagner received her bachelor’s degree in business administration with an emphasis in logistics from the University of Missouri-Columbia. She went on to work in the private sector, holding a number of management positions at Ralston Purina and Hallmark Cards.