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Frank Names Democratic Candidates for FinReg Conferees

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Filed: Timeline

The Senate Tuesday picked its 12 members, seven of which will be Democrats. On the House side, there will be eight Democratic members, and five GOP ones, according to the Frank memo.

The Frank candidates are:

  • Subcommittee Chairman on Capital Markets, Insurance, and Government Sponsored Enterprises Rep. Paul E. Kanjorski (Pa.)
  • Subcommittee Chairman on Financial Institutions and Consumer Credit Rep. Luis V. Gutierrez (Ill.)
  • Subcommittee Chairman on Housing and Community Opportunity Rep. Maxine Waters (Calif.)
  • Subcommittee Chairman on Domestic Monetary Policy and Technology Rep. Melvin L. Watt (N.C.)
  • Subcommittee Chairman on International Monetary Policy and Trade Rep. Gregory W. Meeks (N.Y.)
  • Subcommittee Chairman on Oversight and Investigations Rep. Dennis Moore (Kan.)

The Senate appointees named Tuesday all come the banking and agriculture committees, including the respective Democratic chairs, Sen. Christopher J. Dodd (Conn.), and Sen. Blanche Lincoln (Ark.).

The other Democrats are Tim Johnson (S.D.), Charles E. Schumer (N.Y.), Tom Harkin (Iowa), Patrick J. Leahy (Vt.) and Jack Reed (R.I.).

The Republicans, all of whom voted against the Senate bill last week, are Richard C. Shelby (Ala.), the GOP's ranking banking committee member, Judd Gregg (N.H.), Bob Corker (Tenn.), Michael D. Crapo (Idaho), and Saxby Chambliss (Ga.), the most senior Republican on the agriculture committee.

Sources say Republican members likely to be named as House conferees will include Spencer Bachus (Ala.), the ranking member of the financial services committee, Jeb Hensarling (Texas), and Scott Garrett (N.J.), all of whom are key authors of the GOP's alternative bill for financial reform. They will be named by minority leader John Boehner of Ohio.

http://www.cnbc.com/id/37352505

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