Josh Gottheimer to Serve New Jersey on Three House Financial Services Subcommittees
Attending First Financial Services Committee Meeting Today, Gottheimer Earns Seats on Capital Markets, Securities, and Investments; Oversight and Investigation; and Terrorism and Illicit Finance Subcommittees
Today, Congressman Josh Gottheimer (NJ-5) attended his first Financial Services Committee meeting and announced that he will serve on the Capital Markets, Securities, and Investments Subcommittee, the Oversight and Investigation Subcommittee, and the Terrorism and Illicit Finance Subcommittee.
The Subcommittee on Capital Markets, Securities and Investment has jurisdiction over U.S. securities and housing finance laws and oversees the governmental entities authorized to implement and enforce these laws, including the Securities and Exchange Commission. It serves as the link between banks large and small, hedge funds, private equity, insurance, and the federal government. The Subcommittee on Oversight and Investigations, as the name suggests, conducts oversight and investigations on the agencies and departments under the Committee’s jurisdiction. Specifically, the Subcommittee is charged with the oversight of all federal financial regulators and is authorized to conduct investigations into allegations of fraud, waste or abuse in the public sector, or misconduct in the private sector. And the Subcommittee on Terrorism and Illicit Finance is responsible for disrupting and cracking down on the financing of terrorist organizations like ISIS and Hezbollah.
“I look forward to working with my colleagues on the Financial Services Committee to help lower taxes, cut burdensome regulations for large and small businesses alike, and expand access to capital while protecting consumers and fighting terrorism,” said Congressman Josh Gottheimer. “I will work across the aisle to help New Jersey’s families and businesses thrive.”