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.

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