California Rep. Maxine Waters has been selected by her House Financial Services Committee colleagues to serve as the Ranking Member of the Capital Markets and Government-Sponsored Enterprises Subcommittee. Rep. Waters, who will be the second-ranking Democrat on the Financial Services Committee, released the following statement: “I would like to thank my colleagues for the honor to serve as Ranking Member of the Capital Markets and Government Sponsored Enterprises Subcommittee in the 112th Congress. “In this new role, I look forward to the work of examining and reforming the government’s role in the secondary mortgage market, ensuring that mortgages remain accessible and affordable for qualified borrowers, holding regulators accountable, and finding smart and innovative solutions to the challenges facing our capital markets, which are essential to our nation’s continued economic recovery. “I look forward to working with the Subcommittee’s chairman, Rep. Scott Garrett, to define our priorities and do the work that is in the interest of the American people and economy.” In addition to Capital Markets, Congresswoman Waters will also serve on two Subcommittees: Insurance, Housing and Community Opportunity, and Oversight and Investigations. All Democratic Committee assignments are finalized by the Steering and Policy Committee and the Democratic Caucus. For more information, visit www.waters.house.gov.