WASHINGTON—The new Congressional leadership has begun to take place, including new members of the Senate Banking Committee.
As expected, House Speaker Paul Ryan (R-WI) was re-elected to his post as both the House and Senate continue to organize for the 115th Congress.
Senate Republicans announced committee assignments for the new Congress. Sen. Mike Crapo (R-ID) is expected to be named Senate Banking Committee chairman; former Chairman Richard Shelby (R-AL) will remain on the panel. New Republican members appointed to the committee include Sens. David Perdue of Georgia, Thom Tillis of North Carolina and John Kennedy of Louisiana.
NAFCU noted Crapo has said he expects the committee to be focused on housing market reforms, changes to the Dodd-Frank Act, and the reduction of credit unions’ and community banks’ regulatory burdens in the year ahead.
New Republican members on the Senate Appropriations Committee include Sens. John Kennedy of Louisiana and Marco Rubio of Florida. Republican senators joining the Senate Budget Committee include Cory Gardner of Colorado, John Kennedy of Louisiana and John Boozman of Arkansas.
The House is expected to name committee assignments soon; House leaders have already announced committee chairmanships for the 115th Congress.