From our President
Missouri Reps Hold Key House Committee Assignments
As we welcomed a new Congress in January, we also all became captivated by what was, quite possibly, the most painful election of a U.S. House speaker in the history of American politics. No one thought it would to be easy, but no one thought it would be that difficult. With the media attention solely focused on that debacle, it was easy to ignore an equally important delay that has finally been resolved — committee assignments.
As any of you who have joined us on the Washington, D.C., visits know, the real work of Congress takes place in committees and subcommittees. Aſter all the dust settled following the election of Speaker Kevin McCarthy, it was easy to miss something critical to our industry: Missouri’s House delegation has
gained a significant voice in committees.
Most notably, Congressman Jason Smith now chairs the Ways and Means Committee, which many consider to be the most important and powerful House committee. All legislation related to taxes, tariffs and many social programs runs through this committee. Legislation like Accessible Credit for Rural Economics, which Smith co-sponsored in its previous form, is important for any of our rural banks and has taken a major step forward with Smith’s appointment.
Our delegation now again boasts three members of the House Financial Services Committee — Congressman Blaine Luetkemeyer, Congresswoman Ann Wagner and Congressman Emmanuel Cleaver.
Luetkemeyer and Wagner both hold subcommittee chairs. Luetkemeyer chairs the Subcommittee on National Security, Illicit Finance, and International Financial Institutions, and Wagner chairs the Subcommittee on Capital Markets. Both subcommittees will play important roles in supporting a healthy, sound banking environment in the U.S. and reducing the impact of bad regulation on banks.
Finally, Congressman Sam Graves will chair the Committee on Transportation and Infrastructure. Although that may seem somewhat removed from banking, many elements of the recently passed infrastructure bill will move through this committee. Tis will certainly have the potential
Jackson Hataway, President Missouri Bankers Association
to impact all areas of Missouri, whether through road improvements, broadband connectivity or workforce development. Regardless of your political affiliation, having a Missouri voice at the helm of the committee will help ensure the best outcomes for Missourians.
Although we have divided government, we should be proud of the leadership roles our delegation has taken on, particularly given how close they will be to the issues that matter to banks in our state.
THE MISSOURI BANKER 5
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