Committees

Congressman Foster serves on the House Financial Services Committee and the House Oversight and Government Reform Committee. 

The House Financial Services Committee oversees all components of the nation’s housing and financial services sectors including banking, insurance, real estate, public and assisted housing, and securities. The Committee continually reviews the laws and programs relating to the U.S. Department of Housing and Urban Development, the Federal Reserve Bank, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, and international development and finance agencies such as the World Bank and the International Monetary Fund. The Committee also ensures enforcement of housing and consumer protection laws such as the U.S. Housing Act, the Truth In Lending Act, the Housing and Community Development Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, and financial privacy laws.

Within the Financial Services Committee, the Congressman serves on the following subcommittees:

Financial Institutions and Consumer Credit
  • The subcommittee oversees all financial regulators, such as the Federal Deposit Insurance Corporation and the Federal Reserve, all matters pertaining to consumer credit including the Consumer Credit Protection Act and access to financial services, as well as the safety and soundness of the banking system.

Capital Markets, Insurance, and Government Sponsored Enterprises Subcommittee
  • The subcommittee reviews laws and programs related to the U.S. capital markets, the securities industry, the insurance industry generally (except for health care), and government-sponsored enterprises, such as Fannie Mae and Freddie Mac.  It also oversees the Securities and Exchange Commission and self-regulatory organizations, such as the New York Stock Exchange and the NASD, that police the securities markets.
In addition, the Congressman serves on the House Oversight and Government Reform Committee.  The Committee is the main investigative committee in the U.S. House of Representatives, and has the jurisdiction to investigate any federal program and any matter with federal policy implications.

Within the Oversight and Government Reform Committee, Rep. Foster serves on the Subcommittee on Domestic Policy and the Subcommittee on National Security and Foreign Affairs.