Frank Recommends Conferees to Pelosi

House Financial Services Committee Chairman Barney Frank has recommended to Speaker Nancy Pelosi that the following eight (8) Democrats serve as conferees: 

1 – Chairman Frank

2 – Joint Economic Committee Chairwoman Carolyn Maloney

 …and the following House Financial Services Subcommittee Chairpersons:

3 – Subcommittee Chairman on Capital Markets, Insurance, and Government Sponsored Enterprises Rep. Paul E. Kanjorski (PA)

4 – Subcommittee Chairman on Financial Institutions and Consumer Credit Rep. Luis V. Gutierrez (IL)

5 – Subcommittee Chairman on Housing and Community Opportunity Rep. Maxine Waters (CA)

6 – Subcommittee Chairman on Domestic Monetary Policy and Technology Rep. Melvin L. Watt (NC)

7 – Subcommittee Chairman on International Monetary Policy and Trade Rep. Gregory W. Meeks (NY)

8 – Subcommittee Chairman on Oversight and Investigations Rep. Dennis Moore (KS)

WHY YOU CARE:  Both the names and the 8-5 Democrat to Republican ratio are just recommendations but are likely to be honored.  The 8-5 ratio was expected and the House is not likely to officially name conferees until closer to the conference due to a different rules in the House versus Senate governing time tables.  The House has a shorter period to complete a conference once conferees are named thus subjecting the majority party to time consuming votes on the floor to extend the conference.

Finally, as a reminder Chairman Frank is the chair of the conference committee but will likely share some duties with Senate Banking Committee Chairman Christopher Dodd.