Representative-elect Steve Pearce will start his second run in the U.S. House with at least one “plum” committee position, according to the Wall Street Journal. The 2nd District Republican will sit on the House Financial Services Committee, a committee that usually doesn’t feature newly elected members in its ranks but a committee which Pearce has served on before.
Pearce will return to the U.S. House and the Financial Services Committee after a two-year absence. Pearce left the seat to run for a U.S. Senate seat in 2008. This allowed Democrat Harry Teague to win the seat and serve for one term.
Pearce said that a spot on the committee “would give him a platform for several of his priority issues, which include reducing taxes on investments and capital gains. Pearce says such cuts would give the economy a boost,” according to CQ Politics.
Pearce is one of “10 junior Republicans” who will serve on the House Financial Services Committee.
The House Financial Services Committee oversees regulation of Wall Street and will be chaired by Rep. Spencer Bachus, R, Ala. Perhaps more interestingly, Rep. Ron Paul, R-Texas, will chair the Domestic Monetary Policy Subcommittee which counts within its jurisdiction, “Domestic monetary policy, currency, precious metals, valuation of the dollar, economic stabilization, defense production, commodity prices, financial aid to commerce and industry.”
Paul has advocated for a return to the “gold standard” for U.S. currency.