I am honored to serve on the House Committee on Financial Services for the 113th Congress. My position on the Committee on Financial Services allows me to participate in the legislation and oversight of issues critically important to Floridians.
On the Financial Services Committee, I serve on the following subcommittees:
-Subcommittee on Capital Markets and Government Sponsored Enterprises
As a member of the Capital Markets and Government Sponsored Enterprises Subcommittee, I have oversight over the world’s greatest capital markets and security exchanges. From investor protection to capital formation, I responsibly promote free market principles. Currently, the Subcommittee is focused on ensuring liquid, innovative markets and an efficient, dependable housing finance system. Working toward these goals will facilitate access to credit, diverse consumer choice, and taxpayer protection from bailouts.
The Subcommittee’s broad jurisdiction includes securities, exchanges, and finance; capital markets activities, including business capital formation and venture capital; activities involving futures, forwards, options, and other types of derivative instruments; the Securities and Exchange Commission; secondary market organizations for home mortgages, including the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Federal Agricultural Mortgage Corporation; the Federal Housing Finance Agency; and the Federal Home Loan Banks.
-Subcommittee on Housing and Insurance
The Subcommittee on Housing and Insurance has primary jurisdiction over all federal housing programs, excluding those administered by the Department of Veterans Affairs. This jurisdiction includes, but is not limited to, the Department of Housing and Urban Development, construction issues, and mortgage insurance. With regards to insurance, the Subcommittee covers all insurance programs and markets in which the federal government plays a role such as flood insurance, terrorism risk insurance, and others.