Congressman-Elect Dan Kildee Named to Influential Financial Services Committee

December 21, 2012

Congressman-Elect Dan Kildee Named to Influential Financial Services Committee

Exclusive committee oversees nation’s financial, housing and banking sector, positions Kildee to be a strong advocate for Michigan’s 5th Congressional District

Congressman-Elect Dan Kildee has been named to the highly-coveted House Financial Services Committee by the House Democratic Caucus, House Democratic Leader Nancy Pelosi announced.

The committee post will position Kildee, who will represent Michigan’s Fifth Congressional District, to be a strong advocate for mid-Michigan on one of the four most influential, “exclusive” committees of the Congress.

“I am honored to be selected to serve on the House Financial Services Committee, which oversees the most important aspects of our nation’s economy,” Congressman-Elect Kildee said. “My prior experience in the housing and financial sector is a natural fit with the work of the committee, which, among other things, is tasked with strengthening our financial system and rebuilding the cities and regions of the nation. I look forward to working on the committee to revitalize America’s cities and towns and to help create good-paying jobs in Michigan.”

The House Financial Services Committee has jurisdiction over a wide range of issues pertaining to the nation’s economy, including the banking system, housing sector, securities, insurance, real estate, community development and public housing. Additionally, the exclusive committee oversees monetary policy and international finance. Agencies under oversight by the committee include: the Federal Reserve, Treasury, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, the Securities and Exchange Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Department of Housing and Urban Development, the Federal Housing Finance Agency and the Export-Import Bank.

As both a former elected official and CEO of a national non-profit organization, Kildee has a unique perspective on both finance and public service. Kildee’s prior work has focused extensively on housing issues, municipal finance and developing the economic infrastructure of our cities and towns to help them foster and prosper in a global economy. As a Genesee County Commissioner, Kildee had authority over the Genesee County budget, including investments in regional infrastructure projects and other initiatives to revitalize the greater Mid-Michigan region. As chairman of the Genesee County Board of Commissioners, Kildee also led the effort to form the Bishop International Airport Authority, which helped to lay the groundwork for one of the nation’s fastest-growing airports. Later, as Genesee County treasurer, Kildee oversaw the county’s credit rating and administered our short and long-term debt financing, presiding over five bond-ratings upgrades.

In 2002, Kildee founded the Genesee County Land Bank, a nationally recognized innovation in urban redevelopment that won the Harvard Innovations in Government Award in 2007, and is now being replicated across the country. In 2009, he expanded his work nationally and founded the Center for Community Progress, a non-profit organization with offices in Flint, New Orleans and Washington, D.C. The Center is the nation’s leading organization dedicated to helping cities and states reintegrate abandoned and blighted properties into the economic and civil life of communities.

Initial committee assignments were made by the House Democratic Caucus. Additional committee assignments are expected in the coming weeks. Congressman-Elect Kildee will start his committee assignment when he is sworn into the 113th Congress on Jan. 3, 2013.