Huizenga to Head Monetary Policy and Trade Subcommittee
The Holland Sentinel – November 27th, 2014
U.S. Rep. Bill Huizenga, R-Zeeland, will head the House Financial Services Subcommittee on Monetary Policy and Trade in the 114th Congress, Committee Chairman Jeb Hensarling announced last week.
“I am honored and excited at the opportunity to serve as chairman of the Monetary Policy and Trade Subcommittee,” said Huizenga. “As chairman, my goal is to conduct vigorous oversight of the Federal Reserve and ensure monetary policy is formulated in an open and transparent manner.”
Huizenga serves as the vice chairman of the subcommittee.
“In a short period of time, Bill has proven himself to be an effective leader and bridge builder on the Financial Services Committee,” Hensarling said.
As chairman, Huizenga will continue the subcommittee’s oversight of how the Federal Reserve’s Board of Governors conducts monetary policy as well as general oversight of the Federal Reserve System. The subcommittee will also review the nation’s international monetary and trade policies.
The Subcommittee on Monetary Policy and Trade has jurisdiction over legislation in the House pertaining to:
- The impact of monetary policy on the economy, financial actions on interest rates, the allocation of credit and the structure and functioning of domestic financial institutions
- International trade
- International investment policies, both as they relate to United States investments for trade purposes by citizens of the United States and investments made by all foreign entities in the United States
- The Export-Import Bank, International Monetary Fund and the World Bank
- Coins, coinage, currency, and medals, including commemorative coins and medals, proof and mint sets and other special coins and counterfeiting.