Rose Named to Financial Services Committee

Press Release

U.S. Representative John Rose (TN-6) announced that he will continue to serve on the prestigious House Financial Services Committee for the 117th Congress. Within the committee, he will serve on the Consumer Protection and Financial Institutions Subcommittee, Housing, Community Development, and Insurance Subcommittee, and the Diversity and Inclusion Subcommittee.

"I am honored to have been reappointed to serve on the Financial Services Committee and continue advocating for the people of the Sixth District," Representative Rose said. "During the next two years, I will utilize this position to create pro-growth policies, ensure fairness, and protect the economic well-being of hardworking Tennesseans and Main Street businesses. With a new administration, one of my main priorities will be providing the necessary Congressional oversight to ensure financial regulators do not overstep and use their authority to implement burdensome regulation on our community banks and small businesses."

As a business owner and former Board of Directors Member at a national bank, Representative Rose will use his personal experience to address Tennesseans' concerns and promote policies that empower American workers, consumers, and investors through the financial services industry.

"I am absolutely thrilled John will be again joining Financial Services. His leadership comes at a critical time for our country's prosperity," said Tommy Whittaker, President of The Farmers Bank, which serves Sumner and Robertson counties. "John's a strong fiscal conservative, pragmatic businessman, and well-versed in the challenges community banks face. He will bring Tennessee's common-sense approach to solving these challenges. John understands small business owners because he is one and he understands the financial decisions Americans make when raising a family because he has a young family of his own. I am proud the Sixth District will be well-represented on such a powerful committee."

"Representative Rose will continue to be a leading voice for all Tennesseans on the House Financial Services Committee and specifically on the Subcommittee on Consumer Protection and Financial Institutions. As a former Commissioner of Agriculture, as well as a business owner and director of a national bank, John has the knowledge and experience to act in the best interest of Tennessee banks and their customers," said Colin Barrett, President/CEO of the Tennessee Bankers Association.

In the 116th Congress, Representative Rose was successful in getting his legislation, the Fight Illicit Finance through Technical Assistance Act of 2019, included in the FY21 National Defense Authorization Act. The language included allows the U.S. to better fight against money laundering and terrorist financing. He was also effective in getting regulatory relief for community banks that were facing increased regulation due to offering Paycheck Protection Program (PPP) loans. Finally, Representative Rose worked with all on the Committee to reach a bipartisan agreement on Terrorism Risk Insurance (TRIA) as well as the reauthorization of the Export-Import Bank.

The Committee on House Financial Services oversees a broad portfolio of the nation's housing and financial services sectors that includes banking, insurance, real estate, public and assisted housing, and securities.

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