![Senator Headshot](/sites/default/files/styles/4_3_small/public/2021sandersbio.jpg?itok=FLrorZAv)
Sanders Chosen as Chairman of Senate Committee on Banks
December 11, 2018
![](/sites/default/files/styles/760x377/public/press-release/main-image/sanders_sp_10_chair_of_banks.jpg?itok=D-Ey3SwO)
State Senator James Sanders Jr. (D-Rochdale Village, Far Rockaway) today announced that he has been selected by Senate Democratic Leader Andrea-Stewart Cousins and the Democratic Conference to be the Chairman of the Senate Committee on Banks.
“I will use my position to ensure that banks are held accountable while protecting homeowners,” Sanders said. “New York is the financial capital of the world and we need to support smart legislation that prevents misfortune caused by greed and speculation. I look forward to working with my colleagues in government to better the lives of all New Yorkers.
Senator Sanders was a member of the Senate Committee on Banks for two years, before becoming the ranking Democrat on the Committee in 2017.
In his capacity as the ranking Democrat on the Senate’s Committee on Banks, Sanders began addressing the disparities in lending particularly in low- and middle-income communities by supporting the modernization of the Community Reinvestment Act, a federal law that aims to accomplish this goal. This will continue to be one of his priorities.
"The Senate Committee on Banks is crucial in ensuring the financial stability and strength of our state's economy and in my role as Chairman, I will be fully committed to be a strong voice for the people."
Share this Article or Press Release
Newsroom
Go to Newsroom![](/sites/default/files/styles/760x377/public/press-release/main-image/sandersd10_coronavirus_0.jpg?itok=TNx0F8c6)
![Owner Kasinauth Persaud of K & P Tailor Shop on Rockaway Boulevard in South Ozone Park usually tailors clothes but now with more people out of work due to COVID-19, he says he’s fixing scrubs and pajamas. This was just some of the interesting information we learned on our business walk. Senator Sanders' Office Manager, Lisa George, hands him a flyer with a code to access the electronic survey.](/sites/default/files/styles/760x377/public/press-release/main-image/sandersd10_business_walk.jpg?itok=FjvUubyy)
![Many community groups supported the event including the Zeta Phi Beta Sorority, Inc. Phi Zeta Zeta Chapter.](/sites/default/files/styles/760x377/public/press-release/main-image/sd_sanders_10.jpg?itok=h_K5UHxc)