WASHINGTON--Rep. Judy Biggert (R-Ill.) in the new Congress will become the chairman of the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity. With the GOP House takeover, Republicans will become chairs of House committees, so leadership on the panels takes on extra significance.
below, from Biggert.....
Biggert to Chair Insurance & Housing Panel
Washington, DC - U.S. Representative Judy Biggert (R-13th-IL) today was tapped to serve as Chairman of the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity. Selected by House GOP leaders and the Chairman-elect of the Financial Services Committee Spencer Bachus (R-6th-AL), Biggert will lead the subcommittee during the next Congress as it tackles issues ranging from mortgage finance to homeless assistance and oversight of Dodd-Frank Act provisions that impact the insurance sector.
"I'm honored that my collogues have selected me to take on this important post under our new majority, and I plan to work aggressively to restore stability to the housing market, eliminate wasteful government bailouts, and ensure that our financial policies promote economic growth," said Biggert, who over the last four years has served as the lead Republican on three subcommittees responsible for housing, oversight, and financial institutions. "In my previous life as a real estate attorney, I learned the importance of instilling confidence in our housing market and giving consumers access to the information they need to make wise decisions. Having helped author the legislation that created the new Federal Insurance Office, I also plan to continue my work promoting U.S. competiveness in the financial sector. With Congress under divided control, implementing a new agenda and providing effective oversight won't be an easy task, but I am up to the challenge and ready to work with my colleagues on both sides of the aisle to get the job done."
Under Biggert's leadership, the subcommittee will shape legislation on a broad range of issues, including federal housing programs, real estate regulation, and other programs under the Department of Housing and Urban Development. In a change from previous years, the newly-minted subcommittee also will have an expanded jurisdiction over insurance matters, including property-casualty, mortgage, terrorism, life, flood, and other non-health insurance issues, as well as the new Federal Insurance Office.
"I'm very pleased to have Rep. Biggert at the helm of this important subcommittee, where her expertise on housing, insurance, and financial issues will play a central role in addressing our nation's challenges in a fiscally responsible manner," said Chairman-elect Bachus. "Judy is veteran a lawmaker and well-respected on both sides of the aisle, and I'm confident she will make a great member of my new leadership team as we work to honor our commitment to aggressive oversight, reform Fannie Mae and Freddie Mac, and promote job growth."
Biggert, who also serves as Co-Chair of the Congressional Caucuses on Homeless Issues and Financial Literacy says she hopes to use her position to advance several of her long-time priorities, including housing counseling and shelter for homeless youth.
"Transitional housing programs for homeless youth like those at NCO Youth and Family Services in DuPage County have long been a priority of mine from my days in education," said Biggert. "I'm confident that bipartisan progress can be made on these and other important issues to help those struggling in the down economy and promote job growth."
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