Rep. Ocasio-Cortez says to serve on financial services panel

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WASHINGTON (Reuters) – U.S. Representative Alexandria Ocasio-Cortez, part of a new crop of Democrats swept into office this year on a stronger liberal platform, said she is poised to serve on a key congressional panel overseeing Wall Street, a potential setback for the financial services industry.

“I’m looking forward to digging into the student loan crisis, examining for-profit prisons/ICE detention, and exploring the development of public postal banking,” Ocasio-Cortez tweeted late Tuesday. “I am very grateful for the opportunity to sit on this committee as a freshman.”

Other incoming progressive Democrats, including Katie Porter, Rashida Tlaib and Ayanna Pressley, are also expected to secure spots on the committee, Politico reported.

Representatives for Democratic U.S. Representative Maxine Waters, the panel chair, could not be immediately reached for comment.

Their reported appointments to the House Financial Services Committee would be a setback for the industry, which had hoped the committee would be filled by moderate Democrats more sympathetic to their issues.

The powerful committee also oversees the U.S. housing market, insurance and international finance sectors, among other areas.

It has also long been a major source of campaign contributions from Wall Street for both Democratic and Republican lawmakers. The flow of cash to the committee jumped in 2018 as the industry looked to rebuild bipartisan support it had enjoyed before the 2007-2009 financial crisis.

Related: Alexandria Ocasio-Cortez on Instagram:

Own your power.
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For so many, it’s radical to feel comfortable in your own skin – and to know that you are more than enough, just as you are.
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One of my favorite quotes is from Dr. Martin Luther King, Jr: “Everybody can be great…because anybody can serve. You don’t have to have a college degree to serve. You don’t have to make your subject and verb agree to serve. You only need a heart full of grace. A soul generated by love.”
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So take up space. Speak up. Hold the door open and take others with you. Accept that you will be criticized no matter what – that is the price of fighting for change and innovation. I consider constructive criticism a blueprint for improvement and a medicine for ego.
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Ultimately, the people who get down, stay focused in adversity, and do the thankless work of change are the ones who transform society. We can all be a part of that, if we so choose. We can all knock a door, register our cousin to vote, or educate ourselves on an issue we’re curious about.
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We are all capable of awakening and commitment. And because of that, we can all be great.
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📸: @gigilaub

IT’S OFFICIAL: OCASIO2018 IS ON THE BALLOT FOR NY-14! 🔥
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This is what ~5,500 grassroots signatures, collected by 141 volunteer witnesses, held by 1 overwhelmingly grateful candidate at midnight looks like! 💪🏽💪🏽 #peoplepower
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All weekend, high-priced opposition lawyers were crawling over our petitions to find any excuse to bump me off the ballot.
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Ultimately, our grassroots 5X effort was too overwhelming. As of midnight last night, no objections were filed to our campaign for Congress.
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Ocasio2018 is on the ballot for NY-14 all thanks to YOU. THANK YOU to our supporters, door knockers, petition captains, donors, prayer squads, EVERYONE who helped make this happen in all ways large and small.
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Now it’s time to kick it into high gear. Join us in the Bronx THIS SAT for our organizing rally and Barnstorm. You are all officially invited – so you have no reason to say “I’ve never been to the Bronx” again! COMMIT NOW: LINK IN BIO.

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Ocasio-Cortez, 29, is part of a wave of female Democratic congressional candidates elected in November aiming to put more support behind the party’s liberal progressive wing.

She became the youngest woman elected to Congress, representing New York’s 14th congressional district in the Bronx and Queens after upsetting a longtime Democratic incumbent. She graduated from Boston University in 2011 with degrees in international relations and economics.

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