Washington, D.C. -- U.S. Congressman Marlin Stutzman will be officially assigned to serve on two key Financial Services subcommittees tomorrow when the panel votes to adopt its rules for the 113th Congress. Congressman Stutzman issued the following statement regarding his selection for the Financial Institutions and Consumer Credit as well as the Domestic and International Monetary Policy Subcommittees:
"With more than twelve million Americans looking for work and a $16 trillion debt, this is not an easy time in the life of America," said Stutzman. "Washington can no longer borrow, print, and bail its way back to prosperity. Hoosier small businesses struggling under the weight of Dodd-Frank's red tape and families facing the threat of inflation deserve common sense solutions. As I begin my tenure on the Financial Services Committee, I look forward to working with Chairman Jeb Hensarling and my colleagues on both sides of the aisle in addressing the monumental challenges in front of us."
· The Subcommittee on Financial Institutions and Consumer Credit has jurisdiction over banks and banking, depository institutions, federal deposit insurance, and safety and soundness, including the newly created Bureau of Consumer Financial Protection.
· The Subcommittee on Domestic and International Monetary Policy has jurisdiction over domestic and international monetary policy, currency, economic stabilization, defense production, commodity prices, financial aid to commerce and industry including the Federal Reserve, international financial and monetary organizations, including the International Monetary Fund and the World Bank, and promotion of trade in financial services.