1. Alexandria Ocasio-cortez Committee Assignments
2. Alexandria Ocasio Cortez Parents Wealth
3. Ocasio Cortez Twitter
4. Ocasio-cortez Is An Idiot
5. Ocasio Cortez Committee Assignments

Two leading House and Senate committees pledged to hold hearings on the recent gyrations in the stock market as lawmakers voiced bipartisan outrage at platforms that curbed trades in companies like GameStop Corp. that were fueled by the social media site Reddit.

Ocasio-Cortez, a member of the Congressional Progressive Caucus and a rising star in the party, has been outspoken on many of the issues the committee would tackle. In response to COVID-19, the Ocasio-Cortez Campaign is providing New Yorkers the resources and information they need, now. NY-14 is one of - if not the - hardest hit districts in the country. We are using our resources to provide direct relief, including meals, masks, and financial support to the community. Jan 06, 2021 Democratic Reps. Alexandria Ocasio-Cortez of New York and Rashida Tlaib of Michigan were both named to the powerful House Oversight and Reform Committee, House Speaker Nancy Pelosi announced Tuesday. Both congresswomen served on the committee during their last terms as well.

Outspoken socialist Rep. Alexandria Ocasio-Cortez was soundly defeated in her bid for a seat on the influential House Energy and Commerce Committee, losing out to fellow New York Democrat Kathleen Rice after some criticized AOC’s support for liberal primary challenges to sitting incumbent Democrats. Ocasio-Cortez is a constant critic of Pelosi and recently said, in effect, that the Speaker should be put out to pasture. But Rice was the clear favorite of Pelosi’s steering committee. It voted overwhelmingly against Ocasio-Cortez.

“People on Wall Street only care about the rules when they’re the ones getting hurt. American workers have known for years the Wall Street system is broken — they’ve been paying the price,” incoming Senate Banking Chairman Sherrod Brown said in a statement. “It’s time for the SEC and Congress to make the economy work for everyone, not just Wall Street.”

Representative Maxine Waters, chair of the House Financial Services Committee, also promised a hearing focused on recent market instability and role played by hedge funds.

While neither Brown nor Waters announced dates for their respective hearings, a rare bipartisan collection of lawmakers spoke up to criticize platforms like Robinhood Markets Inc. for limiting trading in some stocks, saying it unfairly disadvantages regular people who should be allowed to trade as freely as hedge funds.

Response of Ocasio-Cortez, Warren

House Speaker Nancy Pelosi called recent trades “interesting,” and said relevant agencies should examine the issue. Progressive Democrats including Representative Alexandria Ocasio-Cortez and Senator Elizabeth Warren, as well as GOP Senator Pat Toomey, said the moves merit closer regulatory scrutiny.

“It’s turned into a casino so that market manipulators come in and they drive markets up or down and make a profit on it,” Warren said of the stock market on CNBC. “The billionaires and some hedge funds are yelling because they’re not the ones, the only ones, who make money when the manipulation works.”

Toomey, who’s poised to become the top Republican on the Senate banking panel, said he’s disturbed by Robinhood and other platforms blocking trades.

Alexandria Ocasio-cortez Committee Assignments

“I find it very disturbing that a platform would suddenly freeze out investors,” Toomey said. “People should be free to make the investment decisions they choose.”

Impact on ‘Everyday Investors’

In announcing a plan for action, Waters noted the “long history of predatory conduct” by hedge funds, adding that “private funds preying on the pension funds of hard working Americans must be stopped.”

“I will convene a hearing to examine the recent activity around GameStop stock and other impacted stocks with a focus on short selling, online trading platforms, gamification and their systemic impact on our capital markets and retail investors,” the California lawmaker said in a statement.

Representative Patrick McHenry, the top Republican on the panel, said he “wants to open up markets to everyday investors” and is “watching the GameStop issue with absolute fascination.”

“If there has been market manipulation, fraud, or any pump-and-dump schemes, that obviously needs to be fully investigated,” McHenry said.

Ocasio-Cortez, also a member of the House Financial Services Committee, tweeted earlier that “we now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.”

Gensler Nomination Delayed

GameStop’s volatile trading briefly pushed the stock to No. 1 on the Russell 2000 Index on Thursday, despite the trading restrictions. But shares then fell as much as 68% from their high and trading was halted for the second time on Thursday. Shares in GameStop, a retail chain that sells new and used video games, closed down 44% Thursday at $193.60.

Alexandria Ocasio Cortez Parents Wealth

Jared Bernstein, a member of President Joe Biden’s Council of Economic Advisers, said the U.S. Securities and Exchange Commission is looking into the trading frenzy. But he suggested the situation was merely a symptom of broader inequality in the U.S. economy.

“For me, and for the president, where this goes is that we’re not going to measure our progress by the stock market,” Bernstein said on CNN. “You’ve got a booming stock market and you’ve got rising poverty. That is at the core of the problem that we are trying to solve, not just in the near term but lastingly.”

The Senate Banking Committee hasn’t scheduled a hearing to confirm Gary Gensler, Biden’s pick to lead the SEC, leaving the agency with an acting chair for weeks — or potentially even months.

White House Press Secretary Jen Psaki said she didn’t have specific information about Gensler’s confirmation timetable, as the Senate works through Biden’s cabinet-level nominees first.

Democrats assumed control of the Senate last week, and confirmation votes have moved slowly as Democratic and Republican leaders negotiate how to organize committees.

“The president has spoken about the urgency of getting his team in place to address the range of issues we’re facing and I don’t think that would be any different for Mr. Gensler,” Psaki said, adding that Biden is being briefed by his economic team.

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House Speaker Nancy Pelosi announced appointments to several powerful committees on Thursday, most notably the selection of Rep. Kathleen Rice over fellow New Yorker Rep. Alexandria Ocasio-Cortez on the House Committee on Energy and Commerce.

The New York lawmakers had been jockeying for a seat on the panel, according to several media reports, and lobbying to colleagues behind the scenes for weeks, Politico reported.

The committee oversees a broad range of issues, including consumer protection, food and drug safety, public health, health care policy and climate issues.

Ocasio Cortez Twitter

Politico reported that there was a contentious private meeting on Thursday at the Steering and Policy Committee, where there was a secret ballot to vote on the two candidates. The news outlet said the vote was 46-13.

Ocasio-cortez Is An Idiot

Ocasio-Cortez, a member of the Congressional Progressive Caucus and a rising star in the party, has been outspoken on many of the issues the committee would tackle. She is currently a member of the powerful House Committee on Oversight and Reform. She also co-chaired a panel advising President-elect Joe Biden on climate policy during his campaign.

Ocasio Cortez Committee Assignments

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Rice is a more moderate member of the party, a former district attorney who represents parts of Long Island. She currently serves on the House Committee on Homeland Security. Rice's office did not immediately respond to a request for comment.

Pelosi praised the appointments in a statement.

'House Democrats are united in our mission to Build Back Better, and with these strong voices at the table, we will deliver on that sacred promise to make a real difference for all Americans,' she said.