House Democratic Leadership has named Congressman-Elect John Delaney to the House Committee on Financial Services. The Committee has jurisdiction over issues pertaining to the banking system, housing, insurance, securities and exchanges, and monetary policy.
“As the founder and CEO of two NYSE listed financial services companies, I look forward to bringing my experiences to the Committee on Financial Services,” said John Delaney. “Within financial services I have two particular areas of interest. First, I would like to help stabilize the housing market and shape the future of housing finance. To my mind, this involves taking aggressive steps to help homeowners that remain underwater on their mortgages while also reforming the Government Sponsored Enterprises (GSEs) and governmental lending activities to ensure that the government’s role in housing is narrowly focused on only those activities that are either very difficult for the private sector to underwrite or which stabilize residential mortgage credit during times of stress, while also positioning the private sector to play a lead role in overall housing finance. Second, I hope to work to create a large scale public-private partnership funding enterprise to rebuild our nation’s infrastructure. Rebuilding our infrastructure will create jobs and is consistent with my broader U.S. competitiveness agenda.”
In 2000 Delaney co-founded and led NYSE-listed CapitalSource Inc., a commercial lender that provides loans to small and medium-sized businesses. Designed to serve the businesses that were underserved by large financial institutions, CapitalSource has provided loans to over 5,000 companies across the country. Prior to CapitalSource, Delaney founded NYSE listed HealthCare Financial Partners.