Congressman Heck Appointed to House Financial Services Committee

In a rare appointment for a freshman member of Congress, Rep. Denny Heck (D-Wash.) has been selected by his colleagues to serve on the House Financial Services Committee. Heck was elected last November with credit union support.

The House Financial Services Committee has jurisdiction over federal housing policy, Wall Street reform and consumer protection, and commercial insurance and banking issues.

“Congressman Heck’s appointment to the House Financial Services Committee is welcome news for credit union members throughout the Pacific Northwest,” said Jeff Kennedy, president and CEO of TwinStar Credit Union. “As a former credit union employee himself, Congressman Heck understands the vital role credit unions play in the financial security of thousands of Washington families. I know that Congressman Heck will be a strong voice for the needs of credit union members on the House Financial Services Committee.”

Heck’s office reported that the Financial Services Committee was the Congressman’s top request for committee assignment. The committee is one of four “exclusive” House committees, along with Appropriations, Ways and Means, and Energy and Commerce.

“I’m thrilled to be named to the House Financial Services Committee,” Heck said. “No sustainable economic recovery can occur in this country without a strong start in the housing sector. The House Financial Services Committee has the opportunity to continue promoting the recent growth we’ve seen in the housing sector. I’m also looking forward to ensuring that the 2010 Wall Street reforms are implemented so that Washington families are protected from a repeat of the actions that led up to the 2008 financial crisis. With major employers, credit unions, financial institutions, and a burgeoning tech-start up industry, Washington has a tremendous and growing stake in the work done under jurisdiction of the Committee.”

Due to the expansive list of policy concerns that fall within the committee’s jurisdiction, members who serve on one of the four exclusive committees are not permitted to serve on other House committees. As such, Heck will give up his seat on the House Budget Committee, a non-exclusive committee, to accept the high-profile appointment. Heck is one of just seven of the 49 freshman Democratic Congressmen named to an exclusive committee.

Congressman Heck will be the only member of the House of Representatives from the Pacific Northwest to serve on the Committee.

“We were honored to support Congressman Heck during his campaign, as he understands and values the credit union principles,” said Northwest Credit Union Association (NWCUA) President and CEO Troy Stang. “His appointment to such an important committee in the U.S. House is great news for credit unions in the Northwest and across the country. We look forward to working with him in his new seat in the House and as an advocate for America’s consumers.”


Questions? Contact a member of the Association’s Legislative Affairs team:

Jennifer Wagner, Vice President of Legislative Advocacy
Mark Minickiello, Vice President of Legislative Affairs
Pam Leavitt, Policy Advisor

Posted in Advocacy News.