Alexandria Ocasio-Cortez to join House Financial Services Committee

Alexandria Ocasio-Cortez to join House Financial Services Committee

Ocasio-Cortez, a rising star in the Democratic Party who identifies as a democratic socialist, shunned corporate campaign donations during her run for office and has criticized Democrats for supporting deregulation.

The Hill reported Tuesday evening, citing a "Democratic source", that Rep. Alexandria Ocasio-Cortez, New York Democrat, will join the House Financial Services Committee, which oversees US financial institutions and markets. Speaking to The Hill on Tuesday, Ocasio-Cortez cited new polling data showing a majority of Americans support the idea.

"Who cares?" the president responded immediately, making a dismissive gesture.

Because the committee plays a big role in setting policies for banks, hedge funds and insurers, its members are often known for their fundraising prowess.

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"Banks have lobbied big-[money] Democrats to champion deregulation and make it look 'bipartisan, '" she tweeted in June 2017 after the House passed a sweeping set of banking rollbacks aimed at spurring economic growth.

Tulsi Gabbard, and Massachusetts Rep. Ayanna Pressley have also reportedly been tapped for the committee by Democratic House leaders, and a vote finalizing their appointments is expected within days. Ocasio-Cortez, who at 29 is the youngest woman to win a seat in Congress, tweeted.

Ocasio-Cortez was elected in November after a major Democratic primary upset in June when she unseated the 10-term incumbent Joe Crowley, whose name had been floated as a potential House speaker.