Michigan Congressman Bill Huizenga has been chosen the new chief Securities and Exchange Commission overseer in the House as chair of the Financial Services Committee’s Capital Market’s Subcommittee.

The selection was first reported in Politico.

Starting his fourth term, Huizenga has opposed the Labor Department’s fiduciary rule and proposed Social Security privatization for younger workers.

This week, he co-sponsored a bill in the House that would end federal gift and estate taxes.

Generally obscure, Huizenga has advocated for individuals being more responsible for the cost of their own health care. He caused a national stir last month when he said he did not take his son to the emergency room one night when the youth hurt his arm, opting to take him to the doctor in the morning. It turned out the boy's arm was broken. Huizenga mentioned this example as a way people might save on health care if Obamacare is repealed, which he supports. However, Huizenga later said the example was "a poor choice of words."

Huizenga’s primary salvo against the fiduciary rule came in a letter he signed along with other House Republicans to Labor Department Secretary Tom Perez in 2015 protesting that the regulation would limit investor choice in saving for retirement.

While the SEC does not regulate retirement plans, some Republicans have urged the agency to harmonize fiduciary duties for all financial advisors, pension and non-pension, with the Labor Department.

On Social Security, Huizenga has said a long-term fix to the program should include the option of a personal retirement account that younger workers can count on as their own individual asset.

Trustees have said the fund underlying Social Security will run out of money in 2034 without increasing money coming in or decreasing benefits flowing out.

Huizenga’s signature issue regarding the SEC has been to oppose a Dodd-Frank Act provision calling for the regulator to mandate public companies disclose the ratio of chief executive pay to that of the median compensation in the business’s workforce.

He has sponsored several measures to thwart it, including a provision to a spending bill last year prohibiting the SEC to enforce a pay-ratio requirement if it adopted one.

Last year, as well, Huizenga co-sponsored Financial Services Committee Chairman Jeb Hensarling’s Financial CHOICE Act which would have essentially gutted Dodd-Frank.

Securities industry political action committees and workers gave the new SEC oversight subcommittee leader $117,000 for his past campaign, roughly about 8 percent of the money he raised, according to the Center for Responsive Politics.

PACs for LPL Financial, the National Association of Insurance & Financial Advisors and the Investment Company Institute each contributed $10,000.

Rock Holdings, the parent company of online lender Quicken Loans was his largest single source of campaign contributions with $20,000: $10,000 each from a PAC and individuals.

Huizenga replaces New Jersey Republican Scott Garrett at the helm of the Capital Markets Subcommittee.

Garrett lost a bid for re-election in November. The defeat of the outspoken conservative was blamed heavily on his anti-gay remarks.