83°F
weather icon Partly Cloudy

Horsford named to House financial services panel

WASHINGTON — Rep. Steven Horsford was named Tuesday to the House committee that handles housing, banking and insurance legislation.

The freshman Democrat from Nevada was assigned by party leaders to the House Financial Services Committee, part of a shuffle after veteran Rep. Mel Watt, D-N.C., left the committee — and Congress — in January to run the Federal Housing Finance Agency.

Horsford said he applied for the post that forms bills relating to Nevada’s economic recovery — housing and foreclosures, business lending and insurance reform. He will be one of 28 Democrats on the panel alongside 33 Republicans.

“This will be an opportunity for me to push on some of the hardest issues affecting Nevada,” said Horsford, who worked on similar issues as a member of the Nevada Legislature.

Because Financial Services is classified as a top committee, Horsford was required to drop his other committee assignments unless granted a waiver by Democratic leaders.

He confirmed he will drop off the Homeland Security Committee, from where he had lobbied for anti-terrorism grant funding for Las Vegas and where he had served as a go-between for McCarran International Airport and the Transportation Security Administration.

Horsford said he is negotiating a waiver that would allow him to keep one of his other committees, either the Natural Resources Committee or the Oversight and Government Reform Committee.

While the Financial Services Committee undertakes sometimes complex issues, serving on it does come with some benefits. A study by the Sunlight Foundation showed it ranked No. 2 among House committees for the amount of money its members can fundraise, an estimated $300,000 more than nonmembers. It has been dubbed “the cash committee” by the New York Times because Wall Street interests seek to influence its work through campaign contributions.

Contact Steve Tetreault at stetreault@stephensmedia.com or 202-783-1760. Find him on Twitter: @STetreaultDC.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Truck wreck spills beer onto interstate surrounding DC

A stretch of the interstate surrounding the nation’s capital turned into a sticky mess when a truck carrying more than 4,000 pounds of canned beer wrecked.

Man with knife killed by police officer in Wyoming

Witnesses say the officer ordered the man to disarm and when the man did not comply, he was killed by a single shot to the head.

Face transplant recipient’s donor face now failing

Six years ago, she received a face transplant at Brigham and Woman’s Hospital in Boston, where she’s being evaluated for a possible second transplant.

Iran asks West to leave Persian Gulf as tensions heightened

TEHRAN, Iran — Iran’s president called Sunday on Western powers to leave the security of the Persian Gulf to regional nations led by Tehran, criticizing a new U.S.-led coalition patrolling the region’s waterways as nationwide parades showcased the Islamic Republic’s military arsenal.

Emmy nominees getting ready for Sunday’s big night

This is the time of year when the cast of HBO’s “Veep” would usually be shooting a new season. Now that the show is done, actor Tony Hale says they’ll have to settle for getting together at the Emmy Awards.

Boris Johnson heads to UN, urging world to see beyond Brexit

Prime Minister Boris Johnson headed for the United Nations in New York on Sunday to argue that post-Brexit Britain will be a dynamic world power taking the lead on tackling climate change and an unstable Middle East. But he and his country face some big hurdles.

RJ wins general excellence in annual state press awards

The Review-Journal captured 36 individual and staff first-place awards in the Nevada Press Association’s annual contest Saturday, including the top awards for general excellence, general online excellence, outstanding journalist and outstanding visual journalist.