Washington - Rep. Joe Baca (D-Rialto) was reappointed to two subcommittees on the highly influential Financial Services Committee today: the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, which handles the securities markets, home mortgages, federal home loan banks, and insurance, and the Subcommittee on Financial Institutions and Consumer Credit, which handles credit, debt collection, consumer access to financial services, consumer protection and the federal agencies that regulate banks and interest rates.

The Financial Services Committee oversees issues related to banking, monetary policy, housing and home lending, and international lending organizations like the World Bank or International Monetary Fund. It also deals with the complex regulations that manage complicated borrowing and insurance law.

"Providing working families with increased access to banking and credit institutions, affordable housing and economic growth will be my priorities on the Financial Services Committee," said Rep. Baca. "As our community keeps growing, we must make sure families can take advantage of financial opportunities to prepare for their futures."

"Retirement, healthcare, higher education, prescription drugs, Social Security - these are the important things that working families must look at and plan for in the future, but they don't always have access to the same opportunities that many wealthier families have," said Rep. Baca. "Financial opportunities, whether they are found in accounts at our local bank, in the purchase of new homes, or in investments in billion dollar multinational corporations, must be open to everyone who wants to take advantage of them."