Neugebauer named Chairman of the House Financial Services - KCBD NewsChannel 11 Lubbock

Neugebauer named Chairman of the House Financial Services Subcommittee

LUBBOCK, TX (KCBD) - Congressman Randy Neugebauer has been named Chairman of the House Financial Services Subcommittee on Oversight and Investigations.

Congressman Neugebauer's leadership duties will encompass oversight of issues relating to banking, housing and the financial and commodity markets. Spencer Bachus (R-AL), Chairman-Elect of the Financial Services Committee, released the following statement regarding Congressman Neugebauer's Chairmanship:

"Randy Neugebauer's broad private sector business experience, combined with his valuable work on the Committee, will strengthen the important activities of the Oversight and Investigations Subcommittee. Randy and his team will shine a bright light on the Administration's policies and government entities that impact our economy."

Neugebauer has been criticized for blocking reforms of Fannie Mae and Freddy Mac, both of which are government sponsored entities to promote affordable housing. In November, a Wall Street Journal editorial took issue with Neugebauer and other Republicans saying their lack of action contributed to a banking crisis and the current recession.

Copyright 2010 KCBD. All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Billy Graham dies at 99

    Billy Graham dies at 99

    Billy Graham, America's most prominent Christian leader, was the pastor to both presidents and everyday Americans. Graham preached to nearly 215 million people around the world.

    Billy Graham, America's most prominent Christian leader, was the pastor to both presidents and everyday Americans. Graham preached to nearly 215 million people around the world.

  • Florida shooting survivors in capital, demand action on guns

    Florida shooting survivors in capital, demand action on guns

    Wednesday, February 21 2018 1:43 AM EST2018-02-21 06:43:29 GMT
    Wednesday, February 21 2018 8:25 AM EST2018-02-21 13:25:12 GMT
    Students who survived the Florida school shooting are preparing to flood the Capitol pushing to ban the assault-style rifle used to kill 17 people, vowing to make changes in the November election if they can't...
    Students who survived the Florida school shooting are preparing to flood the Capitol pushing to ban the assault-style rifle used to kill 17 people, vowing to make changes in the November election if they can't persuade lawmakers to change law now.
  • The Latest: Japan takes Olympic gold in women's team pursuit

    The Latest: Japan takes Olympic gold in women's team pursuit

    Tuesday, February 20 2018 8:12 PM EST2018-02-21 01:12:24 GMT
    Wednesday, February 21 2018 8:23 AM EST2018-02-21 13:23:36 GMT

    The Trump administration says Vice President Mike Pence was ready to meet with representatives from North Korea during his visit to the Olympic Games in South Korea but that North Korea canceled at the last minute.

    The Trump administration says Vice President Mike Pence was ready to meet with representatives from North Korea during his visit to the Olympic Games in South Korea but that North Korea canceled at the last minute.

Powered by Frankly