Local & State
|US Rep. Alma Adams moves up with key congressional appointments|
|Charlotte lawmaker on Financial Services, Agriculture|
|Published Friday, February 8, 2019 11:38 am|
|U.S. Rep. Alma Adams is a member of the House Financial Services Committee, which oversees the nation’s financial system.|
U.S. Rep. Alma Adams has a plum House assignment on the committee that oversees America’s financial system.
Adams, a Charlotte Democrat, is a member of the Financial Services Committee, which oversees federal support of the housing, banking and securities industries. It also monitors the Federal Reserve, America’s central bank; the Securities and Exchange Commission, Housing and Urban Development and the Treasury Department. Charlotte is the nation’s second-largest financial center as home of Bank of America and East Coast headquarters of Wells Fargo as well as a branch of the Federal Reserve.
“I came to Congress to raise the wage, push for equal opportunity and to ensure that North Carolina’s families have the resources they need to thrive. That is why I made it my mission to serve on key committees ” Adams said. “ I worked hard to be appointed to the exclusive Committee on Financial Services, a major achievement for our District. We are home to 71 financial institutions that employ over 70,000 people. Financial Services will lead the push for affordable housing, an issue that plagues our region. On committee I will fight for our priorities and ensure that we remain the banking capitol of the South.”
Adams is one of three North Carolina lawmakers on the 60-member financial services panel, along with Republicans Patrick McHenry, the ranking member, and Ted Budd. Adams was appointed chair of the Committee on Education & Labor’s subcommittee on Workforce Protections and vice chair of the Agriculture Committee.
Said Financial Services Chair Maxine Waters (D-California) in a statement: “I am pleased to welcome Congresswoman Alma Adams to the Financial Services Committee and the Diversity and Inclusion Subcommittee. This Congress, the Financial Services Committee will take on many important issues on behalf of consumers, investors and vulnerable populations, and I look forward to working with Congresswoman Adams to create opportunities, ensure fairness, and protect the economic well-being of hardworking Americans throughout this country.”
Adams has also been an advocate of increased federal support for programs such as food stamps and WIC, a benefit for low-income families. Under Republican control of the House in the previous Congress, those programs faced billions in federal cutbacks.
“This administration continues to attack vital food programs that thousands in our district rely on,” she said. “Access to food should be a basic right and that is why I am honored to serve as vice chair of the House Agriculture Committee. We will push back against this administration’s attempts to end SNAP and continue to ensure that all agricultural institutions, especially 1890 land grant universities, receive equal and fair access to federal resources.”
|Congradulation, A tough assignment. Please obtain specialist to keep you up to date on financial policies.|
|Posted on February 8, 2019|
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