Washington, D.C.  – Congresswoman Ann Wagner (R-MO) released the following statement after she was appointed Chair of the Subcommittee on Capital Markets on the Financial Services Committee.  She previously served as Vice Ranking Member of the full committee and Chair of the Oversight and Investigations Subcommittee:

Wagner: “I am honored to serve as the top-ranking Republican on all matters relating to capital markets, investor protection, and capital formation.  Chair McHenry and I worked closely in the last Congress while I was the Committee’s Vice-Ranking Member, and I will continue that partnership as Chair of the Subcommittee on Capital Markets, where I will work to strengthen our public markets, help small businesses and entrepreneurs access capital, and increase investor opportunities for main street investors.  I look forward to working with my colleagues on the Committee to protect retail investors and ensure families can save their hard-earned dollars for retirement, their children’s future, or even a down payment on a home.

“I am proud to represent the St. Louis region, a Midwest hub for the financial services industry that employs tens of thousands in our community.  It’s time to get to work and provide vigorous oversight of federal agencies, increase transparency in our capital markets, and rein in the SEC’s harmful rulemakings that stifle growth and inhibit investment.  We will also prioritize responsible corporate governance and will strengthen innovation and entrepreneurship.”

McHenry: “I’m proud to appoint Congresswoman Ann Wagner as Chairwoman of the Capital Markets Subcommittee. As a longtime advocate for American capital markets, Congresswoman Wagner has earned this new leadership role at the Financial Services Committee. Never bashful, Ann’s outspoken support for commonsense solutions will be essential as we work to enhance capital formation opportunities and expand market access for all investors. I look forward to working with Congresswoman Wagner to ensure U.S. capital markets remain the envy of the world.”

 

The subcommittee’s jurisdiction will cover, among other things:

• Developing and pursuing policies that strengthen access to capital formation
• Overseeing the operations and policy development of the SEC, MSRB, FASB, and PCAOB
• Overseeing and responding to the SEC’s regulatory agenda
• Identifying best practices and policies that continue to strengthen diversity and inclusion in the capital markets industry

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