Metro Lex News

Congressman Andy Barr has been re-appointed as the Chairman of the Financial Institutions Subcommittee on the House Financial Services Committee for the 119th Congress. In this position, Barr will oversee prudential regulators and the Consumer Financial Protection Bureau. His focus will be on ensuring that financial institutions are not hindered by excessive regulation and enforcement actions, aiming to promote economic growth and consumer access to innovative financial services.

"I am honored to continue serving as Chairman of the Financial Institutions Subcommittee," said Congressman Barr. "I extend my gratitude to Chairman Hill for entrusting me with this responsibility. Together, we will work to strengthen our financial system, promote economic growth, and push back against regulatory overreach to ensure that small financial institutions can continue to provide critical services to Main Street America and support small businesses."

Chairman French Hill praised Barr's leadership: “Andy Barr successfully led our Financial Institutions Subcommittee in the 118th Congress. With Barr’s background, he has been a champion for oversight of our financial regulators and a strong voice for community banks. As a Kentuckian, he understands driving policies that help small businesses thrive and freeing them of burdensome regulations. I am proud he will continue to serve as the Financial Institutions Subcommittee Chairman this Congress.”

Barr has been an advocate for financial reform, consumer protection, and community banks during his time in Congress. Previously, as Chairman of the Subcommittee on Financial Institutions and Monetary Policy in the 118th Congress, he worked on enhancing transparency within financial agencies and improving credit access for consumers and small businesses. He also examined federal banking agency merger policies and international regulatory standards' impact on U.S. institutions.