WASHINGTON (1/12/08)—Rep. Jeb Hensarling (R-Tex.) has been named ranking minority member of the House Financial Services subcommittee on financial institutions and consumer credit. Hensarling, now in his fourth term representing Texas’ fifth district, has been a member of the subcommittee and its parent committee. He is also a member of the Congressional Oversight Panel established under the 2008 Emergency Economic Stabilization Act (EESA). The oversight panel is charged with monitoring the expenditures of the U.S. Treasury Department under its Troubled Asset Relief Program (TARP), which was also established by EESA. Also announced by Rep. Spencer Bachus (R-Ala.), the top Republican on House Financial Services, were the following ranking members for the panel’s other subcommittees.
* Rep. Ron Paul (Tex.), Subcommittee on Domestic Monetary Policy and Technology; * Rep. Judy Biggert (Ill.), Subcommittee on Oversight and Investigations; * Rep. Gary Miller (Calif.), Subcommittee on International Monetary Policy and Trade; * Rep. Shelley Moore Capito (W.V.), Subcommittee on Housing and Community Opportunity; and * Rep. Scott Garrett (N.J.), Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises.