Senator Tim Scott Named Chairman of Subcommittee on Financial Institutions

U.S. Senator Tim Scott (R--SC) has been named Chairman of the Senate Banking Financial Institutions and Consumer Protection subcommittee. The subcommittee has jurisdiction over:

Banks, savings associations, credit unions, and other financial institutions
Deposit Insurance
Federal Home Loan Bank System
Regulatory activities of the Federal Reserve System
OCC, FDIC, NCUA
E-commerce
Consumer Financial Protection Bureau
"I am excited to be appointed as the Chairman of the Financial Institutions and Consumer Protection subcommittee. We have seen that increasing access to the financial system for underbanked and credit invisible families positively grows access to opportunity. I look forward to continuing efforts toward helping low-income and disadvantaged Americans achieve success through access to credit."

Senator Scott is also a member of the Senate Banking subcommittees on Securities, Insurance, and Investment, and National Security and International Trade and Finance.

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