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Rep. Josh Gottheimer. (Photo: Kevin Sanders for the New Jersey Globe).

Gottheimer gets vice chairmanship of key Financial Services subcommittee

New Jersey Democrat has jurisdiction over cryptocurrencies, World Bank

By David Wildstein, May 19 2021 1:20 pm

Rep. Josh Gottheimer is the new vice chairman of the House Financial Services Subcommittee on National Security, International Development and Monetary Policy, giving the three-term Bergen County Democrat a greater role over policies related to the safeguarding of global financial systems and cryptocurrencies.

The subcommittee has jurisdiction over institutions like the World Bank, the International Monetary Fund and the Export-Import Bank of the United States.

“We’re facing rapidly evolving foreign and domestic threats, homegrown violent and ISIS-inspired extremism, as well as a surge of hacking and cybersecurity attacks,” said Gottheimer.
Cryptocurrencies are relatively new to the scene and also pose a series of new and evolving threats. We must protect the American people and our financial system from our adversaries, at home and abroad.”

Gottheimer has held a seat on the Financial Services Committee since entering Congress in January 2017.  The seven-term Republican ousted by Gottheimer in 2016, Scott Garrett (R-Wantage), served on the same committee.

He is the only New Jersey House member on that committee.

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