By Tim McNulty
Freshman US Rep. Keith Rothfus, R-Sewickley, was officially appointed to the House Financial Services Committee on Tuesday.
"Hardworking taxpayers deserve stronger oversight of the Federal Reserve and elimination of bailouts and the "too big to fail' policies codified in Dodd-Frank," he said in a statement.
Full statement after the jump:
"With Keith's 20 years of private sector experience and common-sense approach, I am confident that he will provide a valuable perspective as the only member of the Financial Services Committee from Western Pennsylvania," said Financial Services Committee Chairman Jeb Hensarling (R-TX). "I look forward to working with Keith to cut the sheer weight, volume, complexity, and uncertainty of the federal red tape burden that makes capital more expensive and less available."
"This new assignment provides an opportunity to work directly on critical issues that face working families, small businesses and taxpayers as a whole," said Rothfus. "Access to credit is a major factor of our economic health. The financial services sector in Western Pennsylvania employs tens of thousands of hardworking women and men and plays an integral role in fostering job growth in our region.
"Hardworking taxpayers deserve stronger oversight of the Federal Reserve and elimination of bailouts and the 'too big to fail' policies codified in Dodd-Frank.
"I am committed to working with Chairman Hensarling and my Republican and Democrat colleagues on the Committee to protect consumers while helping to grow our economy and get Western Pennsylvanians back to work."
Rothfus joins Congressman Mike Fitzpatrick [PA-08] as one of only two Members of Congress representing the Commonwealth of Pennsylvania on the House Financial Services Committee. He is the only member of the Committee from Western Pennsylvania.
The House Financial Services Committee has jurisdiction over issues related to the economy, banking system, housing, insurance, and securities and exchanges. Additionally, the Committee has jurisdiction over monetary policy, international finance, international monetary organizations, and efforts to combat terrorism financing. More information about the Committee and its jurisdiction is available at http://financialservices.house.gov.