First elected to Congress in 1992, Carolyn B. Maloney is recognized as a national leader with extensive accomplishments on financial services, national security, the economy, and women’s issues. She is a senior member of both the House Financial Services Committee (where she serves as Ranking Member of the Subcommittee on Capital Markets) and the House Oversight and Government Reform Committee, and the Ranking House member of the Joint Economic Committee. In the House Democratic Caucus, she serves as a Regional Whip (she served as Vice-Chair of the House Democratic Steering and Policy Committee in the 112th Congress).
Her career has been a series of firsts. Maloney is the first woman to represent New York’s 12th Congressional District; the first woman to represent New York City’s 7th Councilmanic district (where she was the first woman to give birth while in office); and was the first woman to Chair the Joint Economic Committee, a House and Senate panel that examines and addresses the nation’s most pressing economic issues. Only 18 women in history have chaired Congressional committees.
On the House Financial Services Committee, she has worked to modernize financial services laws and regulations, strengthen consumer protections, and institute more vigilant oversight of the safety and soundness of our nation’s banking industry. In the 113th Congress, she was selected by her Committee colleagues to be Ranking Member on the Subcommittee on Capital Markets and Government Sponsored Enterprises. She continues her membership on the Subcommittee on Financial Institutions and Consumer Credit (which she chaired in the 109th and 110th Congresses, and where she served as Ranking Member in the 112th Congress), and joins the Subcommittee on Oversight and Investigations.
served on the historic conference committee for the Dodd-Frank financial reforms, which also created the Consumer Financial Protection Bureau. Her Credit Cardholders’ Bill of Rights (the Credit CARD Act) was signed into law by President Obama in Spring of 2009. As a senior member of the House Oversight and Government Reform Committee, Maloney legislation has helped government work more efficiently and has saved hundreds of millions in taxpayer dollars.
As co-founder of the House 9/11 Commission Caucus, Maloney helped author and pass legislation which created the 9/11 Commission and, later, to implement all of the 9/11 Commission’s recommendations for improving intelligence gathering—described as the most influential intelligence bill in decades. The James Zadroga 9/11 Health Care and Compensation Act, her bill to provide health care and compensation for 9/11 first responders, residents and workers near Ground Zero passed Congress in late 2010 was signed into law by President Obama January 2, 2011.
As a champion for domestic and international women’s issues, Maloney helped pass legislation that targets the ‘demand’ side of sex trafficking; provides annual mammograms for women on Medicare; the Debbie Smith Act which increases funding for law enforcement to process DNA rape kits, termed ‘the most important anti-rape legislation in history.’ Her legislation to create Women’s Health Offices in five Federal agencies was part of the landmark health care reform legislation signed by President Obama.
New York City has no stronger advocate in Congress than Maloney. She has delivered over $7 billion in federal aid to New York City just in the last ten years, including hundreds of millions of dollars each for two of the largest transit construction projects in the nation, the Second Avenue Subway and East Side Access project, both of which run through her district, and have helped create thousands of jobs in New York. Most recently, over $300 million in federal grants were directed to high speed rail improvement projects in the Sunnyside Rail Yards in Queens, which will help remove a bottleneck toward high speed rail in the Northeast Corridor.