Congressman Canseco's Statement on his Appointment to the Capital Markets Subcommittee of the House Financial Services Committee

Washington, D.C. – Congressman Francisco “Quico” Canseco (TX-23), member of the House Financial Services Committee, released the following statement on his appointment to serve on the Capital Markets Subcommittee:

 

“This week I was excited to accept an appointment to the Capital Markets Subcommittee of the House Financial Services Committee.  As someone who spent years in the private sector, I am keenly aware of the important role capital markets play in our economy.  Our markets allow for the efficient flow of capital to productive sectors of the economy, and help all investors – from a large institution to a retiree – invest their money in a cost-effective manner.  The American capital markets are a source of pride and a key competitive advantage for the United States in the global economy.  In the wake of the financial crisis and the Dodd-Frank bill, there are a number of important issues facing the capital markets, and I am eager to begin addressing those as a member of the subcommittee.”

 

“I also look forward to working on issues related to the secondary mortgage market.  Since the collapse of Fannie Mae and Freddie Mac almost four years ago, there is a great amount of uncertainty surrounding the future of the mortgage market.  I believe that Congress must establish a framework that allows private capital to re-enter the market while reducing the government’s footprint and protecting taxpayers.  This subcommittee will play a key role in that regard, and I am eager to be a part of it.”

 

“I am grateful that Chairman Bachus and Chairman Garrett have put their faith in me with this new position.  I look forward to working with my subcommittee colleagues on these important issues.” 

 

To schedule an interview please contact Kyler Arnold at (202) 225-4511 or Kyler.Arnold@mail.house.gov