Congressman Westmoreland Named to Financial Services Committee

This week, Congressman Lynn Westmoreland (GA-03) was one of the 12 new members named to the powerful House Financial Services Committee. The Financial Services committee has jurisdiction over the housing and financial services sectors, including banking, insurance, real estate, public and assisted housing, and securities. Below is Congressman Westmoreland’s statement on his selection.

“I am honored my colleagues have named me to the Financial Services Committee. Georgia is a growing financial center and serves as headquarters for numerous Fortune 500 companies, such as Coca-Cola, Aflac, UPS, and Home Depot, and it is important we have a conservative, free-market voice on the committee who is working for Georgia. Georgia has been hit especially hard by the current economic downturn. We have had more bank failures since 2008 than any other state in the country and we are also one of the top ten states for foreclosures. It is important that our state is represented on the committee that has jurisdiction over banks and the housing market. I am looking forward to serving Georgia on this important committee,” stated Westmoreland.

Currently, Georgia has two members on the Financial Services Committee – Congressman David Scott (GA-13), a Democrat, and Congressman Tom Price (GA-06), a Republican. Price will be leaving the committee in the 112th Congress for a seat on the Ways and Means Committee.