De La Cruz selected for financial services committee

Monica De La Cruz is seen in this undated photo. (Courtesy: Monica De La Cruz/Facebook)

U.S. Rep. Monica De La Cruz received her first committee assignment.

De La Cruz, R-McAllen, was selected to serve on the U.S. House Committee on Financial Services for the 118th Congress, Committee Chairman U.S. Rep. Patrick McHenry, R-NC, announced Wednesday.

The news came as a slew of committee assignment recommendations by the House Republican Steering Committee were also announced that day.

The financial services committee oversees the housing and financial services sectors, which include banking, insurance, real estate, public and assisted housing, and securities.

“It is an incredible honor to join the U.S. House Committee on Financial Services,” De La Cruz said in a statement. “As a small business owner, a single mom, and the granddaughter of Mexican immigrants, I bring a common-sense perspective to the committee and serve as a tireless advocate for American families, small businesses, and consumers.”

De La Cruz previously owned and operated a State Farm Insurance agency in Alamo.

The freshman congresswoman added she viewed her appointment to the financial services committee as an opportunity to help make the American Dream possible for people in the community.

“Whether it’s your mortgage, checking account, or 401k, the financial services industry fuels our nation’s growth and the aspirations of millions of Americans,” she said. “I look forward to working with my colleagues in a bipartisan manner to promote prosperity and opportunity for South Texans and all Americans.”

McHenry issued a statement welcoming her and expressing excitement for her involvement.

“Congresswoman De La Cruz’s experience running a successful insurance agency will bring invaluable insight to the Committee,” McHenry said. “I look forward to collaborating with Monica as we work to tackle the most pressing issues facing hard working Americans.”

The assignment recommendations will be presented before the full Republican Conference and then the full House of Representatives for approval at a later date.