Standing committee | |
---|---|
Active United States House of Representatives 119th Congress | |
History | |
Formed | December 11, 1865 |
Leadership | |
Chair | French Hill (R) Since January 3, 2025 |
Ranking member | Maxine Waters (D) Since January 3, 2023 |
Structure | |
Seats | 52 |
Political parties | Majority (29)
|
Website | |
financialservices democrats-financialservices | |
This article is part of a series on the |
United States House of Representatives |
---|
History of the House |
Members |
Congressional districts |
Politics and procedure |
Places |
United Statesportal |
The United States House Committee on Financial Services, also referred to as the House Banking Committee and previously known as the Committee on Banking and Currency, is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries. The Financial Services Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission and other financial services regulators.
The House Committee on Financial Services is considered to be one of the House's most powerful committees. [1]
It is currently chaired by Republican French Hill from Arkansas, having assumed office in 2025. The Ranking Member is Democrat Maxine Waters from California, who previously chaired the committee under a Democratic majority in the House.
Under the rules of the 113th Congress, the Financial Services Committee's jurisdiction includes:
The Banking and Currency Committee was created on December 11, 1865, to take over responsibilities previously handled by the Ways and Means Committee. It continued to function under this name until 1968, when it assumed the current name. [3]
Resolutions electing members: H.Res. 13 (Chair), H.Res. 14 (Ranking Member), H.Res. 21 (R), H.Res. 22 (D)
The Financial Services Committee operates with six subcommittees. The jurisdiction over insurance was transferred in 2001 to the then-House Banking and Financial Services Committee from the House Energy and Commerce Committee. Since that time it had been the purview of the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. But "with plans to reform Fannie Mae and Freddie Mac expected to take up much of that panel's agenda, insurance instead [was] moved to a new Subcommittee on Insurance, Housing and Community Opportunity [as of the 112th Congress]." [5] In the 115th Congress, a new subcommittee on Terrorism and Illicit Finance was created, dedicated to disrupting the financing of terrorist organizations. [6]
Subcommittee | Chair [7] | Ranking Member |
---|---|---|
Capital Markets | Ann Wagner (R-MO) | TBA |
Digital Assets, Financial Technology and Artificial Intelligence | Bryan Steil (R-WI) | TBA |
Financial Institutions | Andy Barr (R-KY) | TBA |
Housing and Insurance | Mike Flood (R-NE) | TBA |
National Security, Illicit Finance, and International Financial Institutions | Warren Davidson (R-OH) | TBA |
Oversight and Investigations | Dan Meuser (R-PA) | TBA |
Chairman | Party | State | Years |
---|---|---|---|
Jim Leach | Republican | Iowa | 1992–1995 |
Henry B. González | Democratic | Texas | 1995–1999 |
John LaFalce | Democratic | New York | 1999–2003 |
Barney Frank | Democratic | Massachusetts | 2003–2007 |
Spencer Bachus | Republican | Alabama | 2007–2011 |
Barney Frank | Democratic | Massachusetts | 2011–2013 |
Maxine Waters | Democratic | California | 2013–2019 |
Patrick McHenry | Republican | North Carolina | 2019–2023 |
Maxine Waters | Democratic | California | 2023–present |
Resolutions electing members: H.Res. 14 (Chair), H.Res. 15 (Ranking Member), H.Res. 56 (R), H.Res. 57 (D), H.Res. 71 (amending rank)
Subcommittee | Chair [8] | Ranking Member [9] |
---|---|---|
Capital Markets | Ann Wagner (R-MO) | Brad Sherman (D-CA) |
Digital Assets, Financial Technology and Inclusion | French Hill (R-AR) | Stephen Lynch (D-MA) |
Financial Institutions and Monetary Policy | Andy Barr (R-KY) | Bill Foster (D-IL) |
Housing and Insurance | Warren Davidson (R-OH) | Emanuel Cleaver (D-MO) |
National Security, Illicit Finance, and International Financial Institutions | Blaine Luetkemeyer (R-MO) | Joyce Beatty (D-OH) |
Oversight and Investigations | Bill Huizenga (R-MI) | Al Green (D-TX) |
Majority | Minority |
---|---|
|
|
Resolutions electing members: H.Res. 9 (Chair), H.Res. 10 (Ranking Member), H.Res. 62 (D), H.Res. 63 (R), H.Res. 511 (R), H.Res. 1159 (R)
Subcommittee | Chair [10] | Ranking Member [11] |
---|---|---|
Consumer Protection and Financial Institutions | Ed Perlmutter (D-CO) | Blaine Luetkemeyer (R-MO) |
Diversity and Inclusion | Joyce Beatty (D-OH) | Ann Wagner (R-MO) |
Housing, Community Development and Insurance | Emanuel Cleaver (D-MO) | Steve Stivers (R-OH) |
Investor Protection, Entrepreneurship and Capital Markets | Brad Sherman (D-CA) | Bill Huizenga (R-MI) |
National Security, International Development and Monetary Policy | Jim Himes (D-CT) | French Hill (R-AR) |
Oversight and Investigations | Al Green (D-TX) | Andy Barr (R-KY) |
Majority | Minority |
---|---|
|
|
Sources: H.Res. 7 (Chair), H.Res. 8 (Ranking Member), H.Res. 57 (D), H.Res. 68 (R), H.Res. 596 (R), H.Res. 801 (R)
Subcommittee | Chair | Ranking Member |
---|---|---|
Consumer Protection and Financial Institutions | Gregory Meeks (D-NY) | Blaine Luetkemeyer (R-MO) |
Diversity and Inclusion | Joyce Beatty (D-OH) | Ann Wagner (R-MO) |
Housing, Community Development and Insurance | Lacy Clay (D-MO) | Steve Stivers (R-OH) |
Investor Protection, Entrepreneurship and Capital Markets | Brad Sherman (D-CA) | Bill Huizenga (R-MI) |
National Security, International Development and Monetary Policy | Emanuel Cleaver (D-MO) | French Hill (R-AR) |
Oversight and Investigations | Al Green (D-TX) | Andy Barr (R-KY) |
Majority | Minority |
---|---|
|
|
Sources: H.Res. 6 (Chair), H.Res. 7 (Ranking Member), H.Res. 29 (R), H.Res. 45 (D)
Majority | Minority |
---|---|
|
|
Source: https://financialservices.house.gov/uploadedfiles/113th_congress_membership.pdf
Source: https://financialservices.house.gov/uploadedfiles/111thmembers.pdf
Majority | Minority |
---|---|
|
|
The United States House Committee on Appropriations is a committee of the United States House of Representatives that is responsible for passing appropriation bills along with its Senate counterpart. The bills passed by the Appropriations Committee regulate expenditures of money by the government of the United States. As such, it is one of the most powerful committees, and its members are seen as influential.
The Committee on Ways and Means is the chief tax-writing committee of the United States House of Representatives. The committee has jurisdiction over all taxation, tariffs, and other revenue-raising measures, as well as a number of other programs including Social Security, unemployment benefits, Medicare, the enforcement of child support laws, Temporary Assistance for Needy Families, foster care, and adoption programs. Members of the Ways and Means Committee are not allowed to serve on any other House Committee unless they are granted a waiver from their party's congressional leadership. It has long been regarded as the most prestigious committee of the House of Representatives.
The Committee on Science, Space, and Technology is a committee of the United States House of Representatives. It has jurisdiction over non-defense federal scientific research and development. More specifically, the committee has complete jurisdiction over the following federal agencies: NASA, NSF, NIST, and the OSTP. The committee also has authority over R&D activities at the Department of Energy, the EPA, FAA, NOAA, the DOT, the NWS, the DHS and the U.S. Fire Administration.
The United States Senate Committee on Finance is a standing committee of the United States Senate. The committee concerns itself with matters relating to taxation and other revenue measures generally, and those relating to the insular possessions; bonded debt of the United States; customs, collection districts, and ports of entry and delivery; deposit of public moneys; general revenue sharing; health programs under the Social Security Act and health programs financed by a specific tax or trust fund; national social security; reciprocal trade agreements; tariff and import quotas, and related matters thereto; and the transportation of dutiable goods. It is considered to be one of the most powerful committees in Congress.
The United States Senate Committee on Homeland Security and Governmental Affairs is the chief oversight committee of the United States Senate. It has jurisdiction over matters related to the Department of Homeland Security and other homeland security concerns, as well as the functioning of the government itself, including the National Archives, budget and accounting measures other than appropriations, the Census, the federal civil service, the affairs of the District of Columbia and the United States Postal Service. It was called the United States Senate Committee on Governmental Affairs before homeland security was added to its responsibilities in 2004. It serves as the Senate's chief investigative and oversight committee. Its chair is the only Senate committee chair who can issue subpoenas without a committee vote.
The United States Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit and government contracts.
The U.S. House Committee on Transportation and Infrastructure is a standing committee of the United States House of Representatives.
The United States House of Representatives Committee on Agriculture, or Agriculture Committee is a standing committee of the United States House of Representatives. The House Committee on Agriculture has general jurisdiction over federal agriculture policy and oversight of some federal agencies, and it can recommend funding appropriations for various governmental agencies, programs, and activities, as defined by House rules.
The U.S. House Committee on Armed Services, commonly known as the House Armed Services Committee or HASC, is a standing committee of the United States House of Representatives. It is responsible for funding and oversight of the Department of Defense (DoD) and the United States Armed Forces, as well as substantial portions of the Department of Energy. Its regular legislative product is the National Defense Authorization Act, which has been passed by Congress and signed into law each year since 1962.
The United States House Committee on Foreign Affairs, also known as the House Foreign Affairs Committee, is a standing committee of the U.S. House of Representatives with jurisdiction over bills and investigations concerning the foreign affairs of the United States. Since 2025, the chair of the Foreign Affairs Committee has been Brian Mast of Florida.
The standing Committee on Veterans' Affairs in the United States House of Representatives oversees agencies, reviews current legislation, and recommends new bills or amendments concerning U.S. military veterans. Jurisdiction includes retiring and disability pensions, life insurance, education, vocational training, medical care, and home loan guarantees. The committee oversees the Department of Veterans Affairs (VA), veterans' hospitals, and veterans' cemeteries, except cemeteries under the Secretary of the Interior.
The United States House Committee on the Budget, commonly known as the House Budget Committee, is a standing committee of the United States House of Representatives. Its responsibilities include legislative oversight of the federal budget process, reviewing all bills and resolutions on the budget, and monitoring agencies and programs funded outside of the budgetary process. The committee briefly operated as a select committee in 1919 and 1921, during the 66th and 67th United States Congresses, before being made a standing committee in 1974.
The Committee on Energy and Commerce is one of the oldest standing committees of the United States House of Representatives. Established in 1795, it has operated continuously—with various name changes and jurisdictional changes—for more than 200 years. The two other House standing committees with such continuous operation are the House Ways and Means Committee and the House Rules Committee. The committee has served as the principal guide for the House in matters relating to the promotion of commerce and to the public's health and marketplace interests, with the relatively recent addition of energy considerations among them. Due to its broad jurisdiction, it is considered one of the most powerful committees in the House.
The Committee on Oversight and Government Reform is the main investigative committee of the United States House of Representatives. The committee's broad jurisdiction and legislative authority make it one of the most influential and powerful panels in the House. Its chair is one of only three in the House with the authority to issue subpoenas without a committee vote or consultation with the ranking member. However, in recent history, it has become practice to refrain from unilateral subpoenas.
The United States House Committee on House Administration deals with the general administration matters of the United States House of Representatives, the security of the United States Capitol, and federal elections.
The Committee on Education and Workforce is a standing committee of the United States House of Representatives. There are 45 members of this committee. Since 2025, the chair of the Education and Workforce committee is Republican Tim Walberg of Michigan.
The U.S. House Committee on Natural Resources or Natural Resources Committee is a Congressional committee of the United States House of Representatives. Originally called the Committee on Interior and Insular Affairs (1951), the name was changed to the Committee on Natural Resources in 1991. The name was shortened to the Committee on Resources in 1995 by the new chairman, Don Young. Following the Democratic takeover of the House of Representatives in 2006, the name of the committee was changed back to its title used between 1991 and 1995.
The United States House Committee on Small Business is a standing committee of the United States House of Representatives. It was established in 1941 as the House Select Committee on Small Business.
The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion is a subcommittee of the House Committee on Financial Services. The Subcommittee on Diversity and Inclusion was created for the 116th United States Congress by Chairwoman Maxine Waters. However, under Republican control during the 118th Congress, the subcommittee expanded its focus to include digital financing, including cryptocurrency.