WASHINGTON DC — Illinois Congressman Randy Hultgren (IL-14) is now Vice-Chairman of the Subcommittee on Capital Markets, Securities and Investment on the House Financial Services Committee. The U.S. House subcommittee has jurisdiction over capital markets, capital formation, venture capital, market structure and securities, including the Securities and Exchange Commission (SEC).
Hultgren said there has never been a more important time for the Financial Services Committee's work.
“It is time to unleash the power of small businesses to access the capital they need to hire and expand, to free families to invest for the future, to support farmers planning for uncertainty, to help students and their families planning for college, and to restore the ability of community banks and credit unions to adequately provide services to the businesses and families with whom they have long-standing relationships,” said Rep. Hultgren.
Hultgren said with Republicans holding the majority in both the U.S. Senate and the U.S. House Congress has the opportunity to reverse the Obama Administration's "unnecessarily burdensome policies" that have "hurt Americans and failed to address the root causes of the financial crisis."
“I am honored to be named Vice-Chairman of the Subcommittee on Capital Markets, Securities and Investment and thankful to Chairman Hensarling for trusting me with this responsibility,” said Rep. Hultgren. “Access to capital is central to the success of our economy. In this leadership position I look forward to continuing the fight for job growth, retirement security and economic opportunity for all.”