Van Hollen Announces Banking Subcommittees for 117th Congress

Today, U.S. Senator Chris Van Hollen (D-Md.) released the following statement in coordination with the announcement that, in his role on the Senate Banking, Housing, and Urban Affairs Committee, he will serve as a member on the Subcommittee on Economic Policy; the Subcommittee on Housing, Transportation, and Community Development; and the Subcommittee on Financial Institutions and Consumer Protection:

“Americans need an economy that works for them, not against them. But too often the wishes of Wall Street trump the needs of Main Street. That’s why the stock market is booming while millions of Americans have been left behind with stagnant wages and dwindling bank accounts. I look forward to working with my colleagues on the Banking, Housing and Urban Affairs Committee and with the Biden Administration to right these wrongs and build an economy that works for everyone. These subcommittees cover a number of key priorities for Maryland including on transit, housing, and consumer protection issues. From providing American workers and small businesses the tools to weather this pandemic to tackling long-term unemployment, predatory lending, income inequality, systemic racism within our financial institutions, and the lack of affordable housing – I look forward to addressing these challenges for our state and our country.”