Pressley Will Serve on Housing & Insurance, Financial Institutions & Monetary Policy Subcommittees

WASHINGTON – Today, Congresswoman Ayanna Pressley (MA-07) announced that she has been reappointed to the House Financial Services Committee for the 118^th Congress, where she will serve on the Housing and Insurance Subcommittee as well as the Financial Institutions and Monetary Policy Subcommittee.

Rep. Pressley has served on the Committee since taking office in January 2019, and will continue to serve under the leadership of Congresswoman Maxine Waters (D-CA), the top Democrat on the committee.

“I’m so proud of the work we’ve been able to accomplish on the House Financial Services Committee over the past four years, and I’m thrilled to be able to build on that work in the 118^th Congress,” said Rep. Pressley. “With communities in the Massachusetts 7^th still reeling from the fallout of this pandemic, it’s imperative that we continue advancing policies to provide economic relief, keep folks safely housed, support small businesses, and more. Racial and economic justice go hand and hand, and there’s no better venue to do this work than the House Financial Services Committee. I thank Ranking Member Waters for her leadership.”

“I am pleased to hear that Congresswoman Pressley will again be serving on the Financial Services Committee in the 118th Congress,” said Ranking Member Waters. “Since arriving in Congress, Rep. Pressley has been a fierce advocate for her district and especially for underserved communities. I have no doubt that she will continue her long track record of advocacy on the Committee by standing up for our nation’s consumers and holding bad actors accountable.”

During her time on the Financial Services Committee, Rep. Pressley has worked consistently to advance policies and investments that affirm housing as a human right, close the racial wealth gap, transform our credit reporting system, protect consumers from predatory debt collection practices, sound the alarm on systemic climate risk, and more.

Rep. Pressley’s notable accomplishments on the Financial Services Committee include:

• Passing the Grandfamily Housing Act, her legislation with Rep. Jim McGovern (MA-02) to help grandparents raising children access safe, affordable, age-appropriate housing;
• Advancing and enacting the Emergency Homelessness Assistance Act, which authorized $5 billion to assist those experiencing homelessness and was signed into law as part of the American Rescue Plan;
• Advancing the Downpayment Toward Equity Act, which provides $10 billion to create a new down payment assistance program for first-time, first-generation homebuyers;
• Introducing the Credit Reporting Accuracy After a Legal Name Change Act to address credit issues and discrimination faced by trans and nonbinary people who legally change their names. This bill passed out of committee in July 2022;
• Passing the Comprehensive CREDIT Act to protect consumers from unfair credit reporting practices and affirm the right of all Americans to an equitable and transparent credit reporting process. This legislation passed the House of Representatives in 2020.
• Introducing the Housing Emergencies Lifeline Program (HELP) Act to provide much-needed assistance to those facing eviction amid the ongoing COVID-19 pandemic.
• Introducing the Tenant Empowerment Act to strengthen HUD tenant protections and provide them with the tools necessary to improve the quality of their homes.

Rep. Pressley most recently served as Vice Chair of the Financial Services Subcommittee on Consumer Protection and Financial Institutions, where she worked to end abusive debt collection practices, hold predatory student debt and mortgage lenders accountable, reform consumer credit reporting, explore solutions to close the racial wealth gap, advocate for a Federal Job Guarantee, and more.

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