New Yorker possible as top Dem on Financial Services

1

This morning’s announcement by Massachusett’s Rep. Barney Frank that he will retire from Congress at the end of 2012 already has people asking who will replace him in 2013 as the top Democrat on the House Financial Services Committee.

One possible successor is New York Rep. Gary Ackerman of Nassau County, who has served in the House since 1983.

Ackerman is a member of Financial Services, although he’s also active on Foreign Affairs, where he serves as ranking Democrat on the Subcommittee on the Middle East and South Asia. For a Jewish New Yorker with a congressional district covering parts of Queens and Nassau, that’s a plum subcommittee position.

But New York City is the financial services capital of the world.

Ackerman also may be a more appealing choice to party leaders than California Rep. Maxine Waters, who is the second most senior Democrat on Financial Services but doesn’t have as much overall seniority as Ackerman as a House member.

Another possibility is Rep. Carolyn Maloney of Manhattan, who serves as ranking Democrat on the Subcommittee on Financial Institutions and Consumer Credit. Maloney was a prime sponsor of the recent law clamping down on credit card abuses.

On the Republican side, Rep. Peter King of Nassau County is the second ranking member of the GOP on the full committee. Freshman Rep. Nan Hayworth of Westchester County is one of the panel’s junior members.

 

Share.

About Author

1 Comment

  1. Ackerman? Waters? Maloney? Not one of the three could run a lemonade stand without 80 million in federal funds, let alone anything important. Barney Frank did a wonderful job. Put him in charge of the lemons. When he gets through, each lemon will cost the taxpayer $450.