Committee on Financial Services

Jeb Hensarling

FSC Majority | Week in Review

2014/11/21

Hensarling Announces Subcommittee Chairs and Welcomes Republican Members to the Financial Services Committee

"I look forward to working alongside my colleagues to pass laws that help grow the economy from Main Street up, not Washington down,” said Chairman Hensarling. “Our committee will continue to focus on promoting sensible solutions that help create jobs and hold both Washington and Wall Street accountable to the American people."

The subcommittee chairmen for the 114th Congress:

Rep. Scott Garrett (R-NJ) will serve as Chairman of the Capital Markets and Government-Sponsored Enterprises Subcommittee.

Rep. Randy Neugebauer (R-TX) will serve as Chairman of the Financial Institutions and Consumer Credit Subcommittee.

Rep. Blaine Luetkemeyer (R-MO) will serve as Chairman of the Housing and Insurance Subcommittee.

Rep. Bill Huizenga (R-MI) will serve as Chairman of the Monetary Policy and Trade Subcommittee.

Rep. Sean Duffy (R-WI) will serve as Chairman of the Oversight and Investigations Subcommittee.

This list includes new Republican members as well as Republicans who previously served on the committee and will be returning:

Rep.-Elect Bob Dold (R-IL)
Rep.-Elect Frank Guinta (R-NH)
Rep.-Elect French Hill (R-AR)
Rep.-Elect Mia Love (R-UT)
Rep.-Elect Bruce Poliquin (R-ME)
Rep. David Schweikert (R-AZ)
Rep. Scott Tipton (R-CO)
Rep. Roger Williams (R-TX)


Subcommittee Examines the Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers


On Tuesday the Housing and Insurance Subcommittee held a hearing to continue its examination of how international regulatory standards being proposed by the International Association of Insurance Supervisors (IAIS) could impact U.S. consumers and insurers.

Subcommittee Chairman Randy Neugebauer (R-TX) said, "I am concerned that IAIS's role has evolved from being an international coordinator to one of a international promulgator. The IAIS's most recent proposal to harmonize the insurance regulations called 'ComFrame' -- would create a kind of one- size-fits-all regime for global insurers, including some burdensome group-wide capital assessments and prescriptive prudential standards. Members of this committee have expressed concerns with the prescriptive nature of the ComFrame proposal. Many are equally concerned that it seems to be a mechanism for the E.U. to export its consolidated bank-like approach to regulating insurance here in the United States. While this system might work well for our allies across the Atlantic, it is inconsistent with our system of insurance regulation and I don't believe is in the best interest of our consumers and insurers."

Rep. Sean Duffy (R-WI) added, "Many of you may not know, but Wisconsin is the fourth-largest home to insurance in the United States. And those insurers, and our state regulators and policyholders, have been contacting me, concerned over some of the proposals coming out of the International Association of Insurance Supervisors. These proposals could force European-style regulation on our state-regulated system that, as we all know, has developed over the past 200 years. The fact is, unlike Europe, our insurance regulators seek to protect the policyholder: the family with a homeowner, or the life insurance policy, not the insurance company providing the policy. The Treasury and Federal Reserve are supposed to represent that philosophy on the IAIS. But I, like many others, don't necessarily think that they are. They're not listening to the insurers, policyholders, state regulators and lawmakers that are voicing their concerns and offering expertise because a conduit for these stakeholders doesn't exist."


Subcommittee Reviews Opportunities for a Private and Competitive Sustainable Flood Insurance Market

On Wednesday the Housing and Insurance Subcommittee held a hearing to review opportunities for a private and competitive sustainable flood insurance market and discussed H.R. 4558 the Flood Insurance Market Parity and Modernization Act of 2014. The bill is sponsored by subcommittee member Rep. Dennis Ross (R-FL).

"I think one of the reasons that this hearing is so important is that if we're going to move toward a private participation in the market place, we have to get the government out of the way and we need to facilitate the ability for the private sector to be a part of this," said Subcommittee Chairman Randy Neugebauer (R-TX). "Choice brings competitive pricing and if you have the government dominating an area, it doesn't really allow for a lot of private participation."

Rep. Ross agreed, saying “homeowners are trapped in a system that forces them to purchase a taxpayer-backed federal insurance product that was already $24 billion in debt at the end of 2013…Allowing more consumer choice in the government-dominated flood insurance market creates competition and results in better policies and pricing that will benefit homeowners.”


MEMBER SPOTLIGHT

Rep. Sean Duffy | Gun dealer shuts down, lawmaker vows more oversight of Operation Choke Point

Choke Point was originally aimed at preventing criminal enterprises from accessing banks and other parts of the financial system. But many have said the program has expanded dramatically, and is being used to prevent many legal businesses from using the financial intermediaries they need to operate, just because they are opposed by Obama administration officials.

Weekend Must Reads


Real Clear Markets | A New Congress Must Perform Major Surgery On Dodd-Frank

Regulators are not looking forward to heightened congressional oversight of their activities, but the new Congress offers them something to offset the pain. Unencumbered by having voted for Dodd-Frank, the incoming Congress can jettison unnecessary statutory mandates so that agencies can get back to their core missions.

Washington Times | Government bailouts in recession do more harm than good

Mr. Grant's history lesson is one that all lawmakers could take to heart. The economy recovers much more quickly, with much less cost to taxpayers, if economic downturns are allowed to run their course. When the government arrives to "help," trouble begins. This is history President Obama and Congress should have read, and heeded, before blowing $3 trillion on stimulus programs and bailouts that probably hurt more than helped.

Wall Street Journal | Now Federal Job-Killers Are Coming After Derivatives

With 10 million fewer Americans working full-time today than six years ago, it is not in the nation’s economic interest for Washington regulators to cause good-paying, full-time jobs to be eliminated. This overreach is just one of many in a regulatory environment that has become a major drag on the U.S. economy. Federal regulations now cost the U.S. more than 12% of gross domestic product, or $2 trillion annually, according to the National Association of Manufacturers. The average manufacturing firm spends almost $20,000 per employee per year on complying with federal regulations. For manufacturers with fewer than 50 employees, the per-employee cost rises to almost $35,000.  


  In the News

CNBC | Republicans looking to turn up heat on Fed in 2015

Wall Street Journal | U.S. to Probe Abuse-of-Power Claims in Financial Fraud Crackdown

Bloomberg | Private Insurers Tell House They Are Still Left Out of National Flood Insurance Program

Bloomberg | McHenry Says Insurance Capital Standards, FSOC Changes Can Get Democrats' Backing

Washington Examiner | GAO says CFPB's spending accounting flaws are serious, require prompt fixes

American Banker | GAO Report Finds Flaws in FSOC Designation Process

Bloomberg | House Lawmakers See Problems With IAIS Despite Assurances of Federal Regulators

American Banker | Streamlined Regulation Should Be the Next Frontier of Financial Reform

Washington Business Journal | Dodd: 'I didn't write the Ten Commandments with this bill' (Video)

American Banker | FHA Fund Improves, But Lower Premiums Still Unlikely

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Hensarling Welcomes Republican Members to the Financial Services Committee

2014/11/20

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the following members have been recommended for appointment to the Financial Services Committee in the 114th Congress by the Republican Steering Committee.

“I look forward to working alongside my colleagues to pass laws that help grow the economy from Main Street up, not Washington down,” said Chairman Hensarling. “Our committee will continue to focus on promoting sensible solutions that help create jobs and hold both Washington and Wall Street accountable to the American people."

The list includes new Republican members as well as Republicans who previously served on the committee and will be returning:

Rep.-Elect Bob Dold (R-IL)
Rep.-Elect Frank Guinta (R-NH)
Rep.-Elect French Hill (R-AR)
Rep.-Elect Mia Love (R-UT)
Rep.-Elect Bruce Poliquin (R-ME)
Rep. David Schweikert (R-AZ)
Rep. Scott Tipton (R-CO)
Rep. Roger Williams (R-TX) Read More

Hensarling Announces Subcommittee Chairmen for 114th Congress

2014/11/20

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced he has selected the subcommittee chairmen for the Financial Services Committee in the 114th Congress.

“I look forward to working alongside my colleagues to pass laws that help grow the economy from Main Street up, not Washington down,” said Chairman Hensarling. “Our committee will continue to focus on promoting sensible solutions that help create jobs and hold both Washington and Wall Street accountable to the American people."

The subcommittee chairmen for the 114th Congress:

Rep. Scott Garrett (R-NJ) will serve as Chairman of the Capital Markets and Government-Sponsored Enterprises Subcommittee.

Rep. Randy Neugebauer (R-TX) will serve as Chairman of the Financial Institutions and Consumer Credit Subcommittee.

Rep. Blaine Luetkemeyer (R-MO) will serve as Chairman of the Housing and Insurance Subcommittee.

Rep. Bill Huizenga (R-MI) will serve as Chairman of the Monetary Policy and Trade Subcommittee.

Rep. Sean Duffy (R-WI) will serve as Chairman of the Oversight and Investigations Subcommittee.

The remainder of the committee leadership team will be announced at a later date.

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Hensarling Elected to Second Term as Chairman

2014/11/19

Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement today after he was elected to a second term as Chairman of the committee for the 114th Congress.

“I am humbled by the support and trust of my colleagues as I continue my service as Chairman of the Financial Services Committee. House Republicans know the only real way to grow the economy is from Main Street up, not Washington down. Our committee will continue to focus on promoting sensible solutions to hold both Washington and Wall Street accountable to the American people."

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Hensarling: SEC Should Not Ignore Ideas at Small Business Capital Formation Forum

2014/11/19

House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comment about the Securities and Exchange Commission’s annual Government-Business Forum on Small Business Capital Formation being held in Washington:

“Year in and year out the SEC has failed to act on many, if not most, of the recommendations provided by the Forum.  In fact, a number of reforms contained in the bipartisan JOBS Act and other bipartisan bills passed by the Financial Services Committee are based on Forum recommendations that the SEC ignored.  It’s not enough for the SEC to simply talk about promoting small business; it needs to take action – like Congress and our committee has done – on innovative ideas that will help small businesses and create jobs.”

 

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Chairman Hensarling Statement on FHA Capital Standards

2014/11/17

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement regarding the Federal Housing Administration’s (FHA) failure to once again meet its capital ratio requirement.  

“A year ago the FHA received its first-ever taxpayer-funded bailout and 12 months later the FHA has once again failed to meet its legally required minimum capital ratio.  It’s been six years since the FHA was in compliance with the law.  The Obama administration predicts it will finally meet this requirement by 2016, but we’ve heard similar rosy predictions about FHA finances for years.  Some in Washington are now clamoring for the FHA to lower its annual mortgage insurance premiums.  But until the FHA fulfills its statutory requirement, that should be a non-starter.

“Last year’s $1.7 billion taxpayer-funded bailout and FHA’s continued failure to meet its minimum capital ratio reinforce everything that many have said about FHA for some time – that it poses a high risk to taxpayers if it is not fundamentally reformed. The American people clearly want to end the destructive cycle of boom, bust and bailout that Washington policies helped foster in the housing market.  Regrettably the FHA, as it operates today, exacerbates taxpayers’ fears of future bail-outs.  The FHA has gone from backstopping the market to supplanting the market without a clear policy mission to serve first-time and low-income borrowers. The time for FHA reform is now. We can truly wait no longer.” 

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FSC Majority | Week in Review

2014/11/14

Full Committee Examines Terrorist Financing and the Islamic State

The Financial Services Committee examined ongoing U.S. efforts to stop the Islamic State (ISIL) and other terror groups from obtaining and deploying financial resources at a hearing on Thursday.

“Unlike al Qaeda and other terror groups with which we are familiar and rely mainly on private donations and state sponsorship to fund their activities, ISIL is almost entirely internally financed and apparently is sitting on assets of almost $2 billion," said Chairman Jeb Hensaring (R-TX).

"Fighting the financial war against terror will demand constant innovation and improvement. The tools we have used in the past may not be suitable for the future. I look forward to hearing from all the witnesses on what may be necessary to upgrade, innovate and improve our capabilities to starve the terrorists of the money they so desperately need to carry out their attacks," he added.

"One of the most effective ways the U.S. has disrupted terrorists in the past has been to cut off their financing, limiting their ability to plot and plan attacks. Thwarting the Islamic State's multiple revenue streams and their ability to spend money they already have may require new tactics. So today I'm looking forward to hearing exactly how we are identifying and blocking financial intermediaries that could keep Islamic State in a strong position," said Rep. Marlin Stutzman (R-IN).

At the hearing, Rep. Dennis Ross (R-FL) said ISIL is able to generate funding through a variety of means “from selling oil on the black market, to taxing and extorting local businesses, to kidnapping for ransom...I look forward to working with my colleagues on this Committee to ensure the federal government uses every tool at its disposal to prevent ISIL from acquiring the funds to continue their reign of terror.”



MEMBER SPOTLIGHT

Rep. Sean Duffy | ISIS Funding Network

U.S. Representative Sean Duffy (WI-07) talks to Bloomberg's Trish Regan about the ISIS funding network.

Weekend Must Reads


Washington Times | Wean business insurers off Terrorism Risk Insurance Act

There remains a need for a federal backstop against those catastrophic acts of terrorism that cannot be reasonably modeled or mitigated and whose size truly impacts our economy. However, today there is more capacity within insurance and reinsurance industries to cover far greater portions of this risk. There will be even more tomorrow, provided we put the act back on its transitional reform path.

Wall Street Journal | The Gensler Clean-Up

Under bipartisan pressure from Congress, it’s good to see that Mr. Massad is willing to acknowledge that the celebrated reforms now need to be reformed. But the errors were avoidable. These pages were not alone in warning for years that derivatives rules pursued by Mr. Massad’s predecessor, Gary Gensler, would punish Main Street along with Wall Street.

Wall Street Journal | Does the Fed Read the Election Returns?

All along, let’s face it, this set of priorities has been partly enabled by the Fed. At a speech in Paris on Friday, as fellow central bankers (even the French!) were talking about the need for deregulation and pro-market reforms, Ms. Yellen—the latest great enabler—continued to sing the praises of quantitative easing to solve all problems.

    On the Horizon 

November 18, 2014 2:00 p.m.
Housing and Insurance Subcommittee Hearing

"The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers, Part II"

November 19, 2014 2:00 p.m.
Housing and Insurance Subcommittee Hearing

"Opportunities for a Private and Competitive Sustainable Flood Insurance Market"


  In the News

Wall Street Journal | Fannie Mae’s Profit Trap Comes Into View

Washington Times | New jobs numbers, same poor economy

Investor's Business Daily | Despite Gains In Jobs, Americans Aren't Convinced

Wall Street Journal | How to Distort Income Inequality

Politico Pro | Regional banks looking to Congress for relief

The Hill | Treasury urges patience in effort to dry up ISIS dollars

Reuters | Exclusive: Export-Import Bank admits errors in small biz data

Bloomberg | Fannie-Freddie Regulator’s 3% Down Loans Draw Jeers

Washington Times | The end of Dodd-Frank?

Talk Radio News Service | Treasury Under Secretary: More Intel Needed On ISIS Financing

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Investigation Reveals Export-Import Bank Exaggerating Help for Small Business

2014/11/14

Investigation Reveals Export-Import Bank Exaggerating Help for Small Business

  • Reuters news agency investigation finds Ex-Im lists “companies owned by billionaires” and “Japanese and European conglomerates” as “small businesses”
  • Ex-Im’s list of “small businesses” includes one that has 53,000 employees
  • “The errors make it difficult to identify exactly how much Ex-Im support goes to big businesses such as Caterpillar and how much to small companies.”
  • Hensarling: “The bulk of Ex-Im’s help indisputably goes to large corporations that can finance their own operations without putting it on the taxpayer balance sheet.”
  • Read the full report below.



Export-Import Bank admits

errors in small biz data
Nov. 13, 2014
LINK TO ARTICLE

(Reuters) - The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender's survival strategy.

A Reuters analysis showed companies owned by billionaires such as Warren Buffet and Mexico's Carlos Slim, as well by Japanese and European conglomerates, were listed as small businesses and Ex-Im acknowledged errors in its data in response to those findings.

Bank officials and supporters have used the Ex-Im's support for American small business as a first line of defense against a campaign by conservatives to shut it down as an exponent of "crony capitalism."

The bank won a nine-month extension of its mandate in September and faces a bruising battle over the next seven months to secure its future.

Critics reacted quickly.

“Rarely does Ex-Im miss a (public relations) opportunity to claim that it primarily helps small business, but Ex-Im is again playing fast and loose with the facts," said Representative Jeb Hensarling, a Texas Republican who chairs the House Financial Services Committee. "The bulk of Ex-Im’s help indisputably goes to large corporations that can finance their own operations without putting it on the taxpayer balance sheet.”

A comparison of some 6,000 businesses characterized by Ex-Im as "small" with information supplied by corporate data collector Dun & Bradstreet, which Ex-Im also uses to vet applicants, and other sources turns up some 200 companies that appear to be mislabeled and many more whose classification is uncertain.

A division of Austria's Swarovski jewelers shows up, as does North Carolina's Global Nuclear Fuels, which is owned by General Electric and Japan's Toshiba and Hitachi.

The extent of the errors, which also mean some genuine small-business transactions are not labeled as such, is not clear. Separate Ex-Im databases do not even agree with each other.

Responding to a list of 10 examples provided by Reuters, Ex-Im acknowledged errors in most of them but said their impact was small and that the mislabeling of small companies as large ones may have a bigger effect on the total tally of small-business support. A spokesman said the bank aimed to be as transparent as possible.

"When it comes to our data, we strive for 100 percent accuracy, and anything less is unacceptable, which is why we are constantly improving our systems,” he said, pointing to Ex-Im's recent hiring of a chief information officer, an overhaul of databases and a review of paper documents.

In an emailed response to Reuters, the bank cited five examples from 2013 in which small companies were labeled as large ones by mistake.

The errors make it difficult to identify exactly how much Ex-Im support goes to big businesses such as Caterpillar and how much to small companies.

The problem is primarily political, as there are no legal implications of businesses being misclassified by Ex-Im. The bank does not set money aside specifically for companies that meet industry-specific revenue and employee limits set by the Small Business Administration. The SBA guidelines exclude companies that may be small but are owned by deep-pocketed conglomerates.

SLIM AND BUFFET

Reuters calculations show that as much as $3 billion in authorizations listed as those for small business may have been misclassified over eight years - roughly 8 percent of Ex-Im's $38 billion in small-business support over that period. Total authorizations came to $189 billion.

For example, among small-business beneficiaries is Texas-based Condumex Inc, the U.S. sales operation for Mexico's Grupo Condumex, a subsidiary of Slim's Grupo Carso.

Or take Brock Grain Systems, a division of CTB International Corp, which has been owned by Buffet's Berkshire Hathaway since 2002.

In its battle to survive, Ex-Im has presented its statistics with exacting precision.

Ex-Im says that in the fiscal year ended Sept. 30, it engaged in 3,347 transactions supporting small businesses, accounting for almost a quarter of financial authorizations and nearly 40 percent of the exports the agency supported.

The lender authorized $20.5 billion during that fiscal year in low interest loans and other support for U.S. exporters and buyers of "Made in America" products.

The mislabeling of transactions, however, makes it difficult to tell exactly how the pie is divided. It extends to a website that allows lawmakers and others to check how Ex-Im supports businesses in each congressional district.

The list of small businesses in Texas, for example, includes engineering and construction company Bechtel, which has 53,000 employees.
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Hensarling Opening Statement on Terrorist Financing and the Islamic State

2014/11/13

 
CLICK HERE TO WATCH

WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing on terrorist financing and the Islamic State:
 
“The 9/11 Commission estimated that al Qaeda’s brutal, evil attack on 9/11 cost the terrorists approximately half a million dollars. So for half a million dollars, terrorists were able to murder almost 3,000 of our fellow countrymen and inflict immeasurable suffering upon our nation.
 
“Today we face another terrorist enemy for which half a million dollars appears to be pocket change; an organization that reportedly raises between $1-$2 million per day.  Unlike al Qaeda and other terror groups with which we are familiar and rely mainly on private donations and state sponsorship to fund their activities, ISIL is almost entirely internally financed and apparently is sitting on assets of almost $2 billion.
 
“So today’s hearing continues this Committee’s ongoing efforts to ensure our government is doing everything possible to stop the Islamic State and other terrorists from using the global financial system to pay for their evil activities.
 
"Fighting the financial war against terror will demand constant innovation and improvement. The tools we have used in the past may not be suitable for the future. I look forward to hearing from all the witnesses on what may be necessary to upgrade, innovate and improve our capabilities to starve the terrorists of the money they so desperately need to carry out their attacks.”

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Hensarling Comments on Report Ex-Im Mischaracterizes Help for Small Businesses

2014/11/13

Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement concerning a media report that the Export-Import Bank has mischaracterized “large companies and units of multinational conglomerates as small businesses”.

“Rarely does Ex-Im miss a PR opportunity to claim that it primarily helps small business, but Ex-Im is again playing fast and loose with the facts.  The Government Accountability Office also previously questioned Ex-Im about misstating its support for small business.  The bulk of Ex-Im’s help indisputably goes to large corporations that can finance their own operations without putting it on the taxpayer balance sheet.”

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Hearing entitled “Opportunities for a Private and Competitive Sustainable Flood Insurance Market”

2014/11/13


Hearing entitled “The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers, Part II”

2014/11/11


Hearing entitled “Terrorist Financing and the Islamic State”

2014/11/06


Hearing entitled “Oversight of the Financial Stability Oversight Council”

2014/09/10


Hearing entitled “An Overview of the Credit Reporting System”

2014/09/03


Continuation of Markup of H.R. 5018, H.R. 4329, H.R. 3240, H.R. 3913, H.R. 4042, and H.R. 5148

2014/07/29


Hearing entitled “Allegations of Discrimination and Retaliation and the CFPB Management Culture”

2014/07/25


Markup of H.R. 5018, the Federal Reserve Accountability and Transparency Act of 2014; H.R. 4329, the Native American Housing Assistance and Self-Determination Reauthorization Act of 2014; H.R. 3240, the Regulation D Study Act; H.R. 3913, to amend the Bank Holding Company Act of 1956 to require agencies to make considerations relating to the promotion of efficiency, competition, and capital formation before issuing or modifying certain regulations; H.R. 4042, the Community Bank Mortgage Service Asset Capital Requirements Study Act of 2014; and H.R. 5148, the Access to Affordable Mortgages Act of 2014

2014/07/25


Hearing entitled “Oversight of the SEC’s Division of Corporation Finance”

2014/07/17


Hearing entitled “Assessing the Impact of the Dodd-Frank Act Four Years Later”

2014/07/16


There is no media available for this committee.

Contact Information

2129 Rayburn HOB
Washington, DC 20515
Phone 202-225-7502
Fax 202-226-0471
financialservices.house.gov


Membership

Michele Bachmann

MINNESOTA's 6th DISTRICT

Spencer Bachus

ALABAMA's 6th DISTRICT

Andy Barr

KENTUCKY's 6th DISTRICT

John Campbell

CALIFORNIA's 45th DISTRICT

Shelley Capito

WEST VIRGINIA's 2nd DISTRICT

Tom Cotton

ARKANSAS' 4th DISTRICT

Sean Duffy

WISCONSIN's 7th DISTRICT

Stephen Fincher

TENNESSEE's 8th DISTRICT

Mike Fitzpatrick

PENNSYLVANIA's 8th DISTRICT

Scott Garrett

NEW JERSEY's 5th DISTRICT

Michael Grimm

NEW YORK's 11th DISTRICT

Jeb Hensarling

TEXAS' 5th DISTRICT

Bill Huizenga

MICHIGAN's 2nd DISTRICT

Randy Hultgren

ILLINOIS' 14th DISTRICT

Robert Hurt

VIRGINIA's 5th DISTRICT

Peter King

NEW YORK's 2nd DISTRICT

Frank Lucas

OKLAHOMA's 3rd DISTRICT

Blaine Luetkemeyer

MISSOURI's 3rd DISTRICT

Kevin McCarthy

CALIFORNIA's 23rd DISTRICT

Patrick McHenry

NORTH CAROLINA's 10th DISTRICT

Gary Miller

CALIFORNIA's 31st DISTRICT

Mick Mulvaney

SOUTH CAROLINA's 5th DISTRICT

Randy Neugebauer

TEXAS' 19th DISTRICT

Steve Pearce

NEW MEXICO's 2nd DISTRICT

Robert Pittenger

NORTH CAROLINA's 9th DISTRICT

Bill Posey

FLORIDA's 8th DISTRICT

Dennis Ross

FLORIDA's 15th DISTRICT

Keith Rothfus

PENNSYLVANIA's 12th DISTRICT

Ed Royce

CALIFORNIA's 39th DISTRICT

Steve Stivers

OHIO's 15th DISTRICT

Marlin Stutzman

INDIANA's 3rd DISTRICT

Ann Wagner

MISSOURI's 2nd DISTRICT

Lynn Westmoreland

GEORGIA's 3rd DISTRICT