California State Assembly Democratic Caucus

12/27/2024 | Press release | Distributed by Public on 12/28/2024 00:33

Assemblymember Avelino Valencia (D-Anaheim) appointed as the new Assembly Banking & Finance Committee Chair

For immediate release:
Friday, December 27, 2024

SACRAMENTO, CA - Assemblymember Avelino Valencia (D-Anaheim) has been appointed as the new Chair of the Assembly Banking and Finance Committee. The committee oversees financial institutions, real property finance, consumer finance, and corporate securities law. Through this prestigious role, Assemblymember Valencia will continue his dedication to responsible governance and community advocacy.

Assemblymember Valencia shared his excitement about the appointment, "It is an honor to take on this role. I am thankful to Speaker Rivas for his dedication to our state's success and for trusting me with this important responsibility."

Since joining the State Assembly, Assemblymember Valencia has championed initiatives to enhance government accountability and transparency. He has played a vital role on key committees, including being Chair of the Budget Subcommittee #7 on Accountability and Oversight, addressing issues like homelessness, broadband access, housing, and government efficiency. His leadership has been instrumental in driving efforts that benefit all Californians.

As Chair of the Assembly Banking and Finance Committee, Assemblymember Valencia looks forward to collaborating with colleagues and stakeholders to ensure financial stability and growth for all Californians. Valencia is also enthusiastic about addressing emerging financial technologies, such as cryptocurrency, and modernizing the financial systems utilized by state agencies to enhance security and efficiency for Californians. He stated, "I am committed to building a California where everyone can thrive. By learning from the past, we can strengthen our economic stability for future generations."

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Assemblymember Avelino Valencia proudly represents the 68th Assembly district which includes the cities of Anaheim, Orange and Santa Ana. Valencia chairs the Assembly Banking and Finance Committee.