Financial Services
The great recession of 2008 led to an unprecedented foreclosure crisis that was precipitated in large part due to unfair, under-regulated, and predatory mortgage lending practices.
Chicago, like so many areas across the US, was devastated by the crisis: millions of families lost their savings and their homes.
As a member of the House Financial Services Committee, I am committed to ensuring that working families get a fair shake, that we expand opportunities to build and access credit, and that the policy missteps that led to the Great Recession of 2008 are never repeated.
More on Financial Services
Statement from Reps. García, Bowman, Bush, Ocasio-Cortez, Pressley, and Tlaib Regarding Delays for the SEC's Climate Rule
WASHINGTON, DC– Representative Jesús "Chuy" García (IL-04), a member of the House Financial Services Committee, Representatives Jamaal Bowman (NY-16), Cori Bush (MO-01), Alexandria Ocasio-Cortez (NY-14), Ayanna Pressley (MA-07), and Rashida Tlaib (MI-13) issued a joint statement on reported delays by the U.S. Securities and Exchange Commission (SEC) in issuing new disclosure rules regarding climate change risk:
Lawmakers say updating an arcane set of documents will increase the corps' focus on climate change and rural communities.
By: Hannah Northey
| 02/11/2022 06:26 AM EST
E&E DAILY | House Transportation and Infrastructure Democrats say the Army Corps of Engineers is late in updating 30-year-old guidelines for federal projects, something that could hamstring the agency's ability to tackle climate change and environmental justice and deploy infrastructure dollars.
WASHINGTON, DC – Today Representatives Jesús "Chuy" García (IL-04), Alexandria Ocasio-Cortez (NY-14), Pramila Jayapal (WA-07), and 15 Members of Congress, sent a letter to Treasury Secretary Janet Yellen urging her to use the voice and vote of the United States at the International Monetary Fund (IMF) to abolish the IMF's surcharge policy, which requires countries with substantial or longstanding debts to the IMF to pay considerable fees on top of their debt servicing costs.
Reps. García, Ocasio-Cortez, Pressley, Tlaib, and Jones Applaud FDIC's Review of Bank Merger Practices, Condemn Chair McWilliams' Illegal Attempt to Void Board Decision
WASHINGTON, DC – In response to the FDIC Board of Director's decision to review the agencies bank merger review practices and Chair Jelena McWilliams' refusal to recognize the vote, Representatives Jesús G. "Chuy" García (IL-04), Alexandria Ocasio-Cortez (NY-14), Ayanna Pressley (MA-07), Rashida Tlaib (MI-13), members of the House Financial Services Committee, and Rep.
Congressman García Votes to Pass the Build Back Better Act
The bill makes transformative investments in affordable health care, child care, and housing;
tackles the climate crisis; and provides lasting protections for immigrants.