FOR IMMEDIATE RELEASE:

November 29, 2012

CONTACT:

Laena Fallon, 202-457-8783

WASHINGTON, D.C. – Financial Services Forum President and CEO Rob Nichols today issued the following statement on Chairman Jeb Hensarling's election to the House Financial Services Committee (HFSC) Chairmanship:

“We congratulate Chairman Hensarling in his election to head the House Financial Services Committee. As Chairman, Congressman Hensarling brings a sophisticated understanding of the markets, as well as a wealth of knowledge and experience from his decade of service on the Committee.  We look forward to working with him to advance policies that will provide for a safe and sound financial sector, ensure that our financial markets are globally competitive, innovative, and able to provide the necessary capital to fuel economic growth and job creation.  We welcome the opportunity to work with the new Chairman and all the members of the Committee on policies that support lending, investing, financial stability, and our continued economic recovery.”

The Financial Services Forum is a non-partisan financial and economic policy organization comprising the CEOs of 20 of the largest and most diversified financial services institutions doing business in the United States. The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.

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