Alabama Senator Shelby Elected Chairman of Senate Banking Committee

first_img Related Articles The Best Markets For Residential Property Investors 2 days ago  Print This Post Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Alabama Senator Shelby Elected Chairman of Senate Banking Committee In a widely anticipated move, U.S. Senator Richard Shelby (R-Alabama) was elected Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs for the 114th Congress, according to an announcement from Shelby’s website Thursday.Republican members of the committee elected Shelby on Wednesday and the Senate Republican Conference confirmed his appointment on Thursday. Shelby previously held the position of chairman of the Senate Banking Committee from 2003 to 2006.Shelby, 80, is replacing retiring Senator Tim Johnson (D-South Dakota) as chairman of the committee.”It is an honor to lead the Senate Banking Committee in the 114th Congress,” Shelby said.  “I look forward to working with my colleagues in the House and Senate to implement policies that will foster economic growth.”The standing rules of the Senate say that the committee has jurisdiction over legislation concerning such subjects as public and private housing, including veterans’ housing; federal monetary policy, including the Federal Reserve System; banks, banking, and financial institutions; deposit insurance; economic stabilization and defense production; and many others.Shelby will have just two years to lead the committee under GOP party rules. Despite working against the clock, many analysts and observers believe that his experience and longtime involvement with the committee will allow him to speed up the committee’s activity.Analysts believe that one of Shelby’s top priorities as Senate Banking Committee chairman will be taking on issues with the Dodd-Frank Wall Street Reform Act in 2010 and in particular concerns over the activities of the Consumer Financial Protection Bureau (CFPB), which formed a year after the Dodd-Frank Act was passed. There are reported to be several proposed bills regarding financial regulation reform in the House that have yet to make their way to the Senate due to outgoing chair Tim Johnson’s opposition to such reform. Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Home / Daily Dose / Alabama Senator Shelby Elected Chairman of Senate Banking Committee Subscribe Demand Propels Home Prices Upward 2 days agocenter_img Sign up for DS News Daily January 8, 2015 963 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Alabama Government Richard Shelby Senate Banking Committee 2015-01-08 Brian Honea Demand Propels Home Prices Upward 2 days ago Tagged with: Alabama Government Richard Shelby Senate Banking Committee Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Poll: Two-Thirds Of Americans Unsure How to Achieve Financial Stability Next: Weltman, Weinberg & Reis Announces Election of Two New Partners Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. last_img read more