With Rep. Luis Gutierrez (D-Ill.), the House Financial Services Committee’s third ranking Democrat, preparing to leave the committee and focus on immigration reform, the HFSC will welcome Rep.-elect Denny Heck (D-Wash.).
Over the last session of Congress, Gutierrez served as the ranking member of the HFSC’s subcommittee on housing, insurance and community opportunity. When Democrats held a majority in the House of Representatives, Gutierrez served as the chairman of the subcommittee on financial institutions and consumer credit, American Banker reports.
institutions will leave the HFSC to devote his time to immigration issues on the Judiciary Committee, where he served from 2007 to 2010.
“Giving up 20-plus years of seniority on Financial Services, even temporarily, is not easy, but passing comprehensive immigration reform is my passion and my commitment to my constituents and immigrants all across our country,” Gutierrez, who is also chair of the Immigration Task Force of the Congressional Hispanic Caucus, said, according to American Banker.
Heck will surrender his previously assigned seat on the House’s Budget Committee to serve on the HFSC.
“The House Financial Services Committee has the opportunity to continue promoting the recent growth we’ve seen in the housing sector,” Heck said, American Banker reports. “I’m also looking forward to ensuring that the 2010 Wall Street reforms are implemented so that Washington families are protected from a repeat of the actions that led up to the 2008 financial crisis. With major employers, credit unions, financial institutions and a burgeoning tech-start up industry, Washington has a tremendous and growing stake in the work done under jurisdiction of the Committee.”