Frank Reorganizes Financial Services Committee for 111th Congress

Facing the need for major financial regulation reform legislation this year, House Financial Services Committee Chair Barney Frank has named crucial subcommittee chairs for the 111th Congress. Rep. Paul Kanjorski will continue to chair the important subcommittee on capital markets. Rep. Luis Gutierrez has been named chair of the equally important subcommittee on financial institutions, replacing Rep. Carolyn Maloney. In addition, Rep. Dennis Moore will be the new chair of the subcommittee on oversight and investigations, replacing Rep. Melvin Watt.