Fitzgerald Bill to Restore Trust in Federal Reserve Passes Financial Services Committee

By U.S. Rep. Scott Fitzgerald - May 24th, 2023 06:09 pm

WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) issued the following statement in response to the House Financial Services Committee’s passage of his bill, the Vice Chair of Supervision Banking Experience Requirement Act.

“Policymakers at the highest levels of our federal government should earn their position by demonstrating merit for their position, not allegiance to a particular ideology, said Congressman Scott Fitzgerald. My legislation ensures that the Vice Chair of Supervision, who oversees banking regulations, actually has real-world experience in the banking industry. I’m grateful to Chairman McHenry for bringing this legislation before the committee and for the support it received.”

The Vice Chair of Supervision Banking Experience Requirement Act requires an individual nominated to be the Federal Reserve Board’s Vice Chair of Supervision to have previously demonstrated primary experience working in, or supervising, insured depository institutions, bank holding companies, or savings and loan holding companies.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.

Mentioned in This Press Release

People: Scott Fitzgerald

Recent Press Releases by U.S. Rep. Scott Fitzgerald

Rep. Fitzgerald Attends Judiciary Committee Field Hearing in Milwaukee

Oct 24th, 2024 by U.S. Rep. Scott Fitzgerald

Rep. Fitzgerald Cosponsors Legislation Reforming Third-Party Financed Civil Litigation

Oct 8th, 2024 by U.S. Rep. Scott Fitzgerald

Rep. Fitzgerald’s Bail Reform Bill Passes in House

Sep 25th, 2024 by U.S. Rep. Scott Fitzgerald

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us