U.S. Rep.-elect Andy Barr has been assigned to the House Committee on Financial Services.
Barr's staff said Thursday that Barr will join the "top-tier, 'A-level'" committee when the 113th Congress convenes on Jan. 3.
"I am honored and humbled to receive this appointment," Barr, a Lexington attorney, said in a statement. "Serving on the Financial Services Committee will enable me to immediately go to work on solving Kentucky's jobs crisis."
He said over-regulation continues to hurt Kentucky's community banks, making it difficult for them to provide loans.
Never miss a local story.
"We must return to the day when a local banker and a small businessperson could meet face-to-face and arrange a loan based on trust and accountability," he said.
Ballard Cassady, chief executive officer of the Kentucky Bankers Association, praised Barr's understanding of the role banks play in the business community.
"For him to receive such an important assignment as a new congressman speaks volumes as to what Washington thinks of his abilities," Cassady said in a statement.
Barr, a Republican, defeated Democratic incumbent Ben Chandler of Woodford County in the Nov. 6 general election to represent Central Kentucky's 6th Congressional District.