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How Will Ocasio-Cortez Use Her Seat On Financial Services Committee?

First-term Democratic Rep. Alexandria Ocasio-Cortez (D-Bronx/Queens) hoped for a seat on the House Ways & Means Committee, but instead ended up assigned to the Financial Services Committee. “City & State” notes Ocasio-Cortez’s plans include digging into predatory lending and exploring options for public banking. She has placed a number of national p riorities on her agenda that fall within the committee’s scope.”

Ocasio-Cortez has also identified  “digging into the student loan crisis. . .and exploring the development of postal banking” as among her priorities.   Even if her agenda is unable to pass in this Congress, a partnership with Committee Chair Maxine Waters (D-CA) presents an opportunity to leverage the financial committee’s “bully pulpit” to browbeat Wall Street. The analysis concludes: “Ocasio-Cortez’s power is significantly boosted by this assignment, giving her an opportunity to target both Wall Street and put pressure on establishment Democrats.”

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