Information about House Committee On Financial Services

The United States House Committee on Financial Services (or House Banking Committee) oversees the entire financial services industry, including the securities, insurance, banking, and housing industries. The 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. It is chaired by Barney Frank (D-MA) and the ranking Republican is Spencer Bachus (R-AL).

History

The committee was once known as the Committee on Banking and Currency

Members, 110th Congress

Majority

Minority

Barney Frank, Chairman, Massachusetts Paul E. Kanjorski, Pennsylvania Maxine Waters, California Carolyn B. Maloney, New York Luis Gutierrez, Illinois Nydia Velázquez, New York Mel Watt, North Carolina Gary Ackerman, New York Julia Carson, Indiana Brad Sherman, California Gregory W. Meeks, New York Dennis Moore, Kansas Michael Capuano, Massachusetts Ruben Hinojosa, Texas William Clay, Jr., Missouri Carolyn McCarthy, New York Joe Baca, California Stephen Lynch, Massachusetts Brad Miller, North Carolina David Scott, Georgia Al Green, Texas Emanuel Cleaver, Missouri Melissa Bean, Illinois Gwen Moore, Wisconsin Lincoln Davis, Tennessee Albio Sires, New Jersey Paul Hodes, New Hampshire Keith Ellison, Minnesota Ron Klein, Florida Tim Mahoney, Florida Charlie Wilson, Ohio Ed Perlmutter, Colorado Chris Murphy, Connecticut Joe Donnelly, Indiana Jim Marshall, Georgia Robert Wexler, Flordia Dan Boren, Oklahoma

Spencer Bachus, Ranking Member, Alabama Richard Baker, Louisiana Deborah D. Pryce, Ohio Michael N. Castle, Delaware Peter T. King, New York Edward R. Royce, California Frank Lucas, Oklahoma Ron Paul, Texas Paul E. Gillmor, Ohio Steve LaTourette, Ohio Donald Manzullo, Illinois Walter B. Jones, North Carolina Judy Biggert, Illinois Christopher Shays, Connecticut Gary Miller, California Shelley Capito, West Virginia Tom Feeney, Florida Jeb Hensarling, Texas Scott Garrett, New Jersey Ginny Brown-Waite, Florida James Barrett, South Carolina Rick Renzi, Arizona Jim Gerlach, Pennsylvania Steve Pearce, New Mexico Randy Neugebauer, Texas Tom Price, Georgia Geoff Davis, Kentucky Patrick McHenry, North Carolina John Campbell, California Adam Putnam, Florida Marsha Blackburn, Tennessee Michele Bachmann, Minnesota Peter Roskam, Illinois

Chairmen

Committee on Banking and Currency

• 1920 – 1931 - Louis T. McFadden
• 1963 – 1975 - Wright Patman

Subcommittees

Subcommittee on Capital Markets, Insurance, and Government-Sponsored Enterprises

Jurisdiction

The subcommittee watches over the U.S. capital markets, securities and insurance industries and government-sponsored enterprises, such as Fannie Mae and Freddie Mac. It oversees the Securities and Exchange Commission as well as the self-regulatory organizations that police the securities markets.

Leadership

• Paul Kanjorski (D-PA), Chairman
• Deborah Pryce (R-OH), Ranking Member

Subcommittee on Financial Institutions and Consumer Credit

Jurisdiction

The subcommittee focuses on banks, depository institutions, deposit insurance, and the overall safety and soundness of the banking system.

Leadership

• Carolyn Maloney (D-NY), Chairman
• Vacant

Subcommittee on Housing and Community Opportunity

Jurisdiction

The subcommittee oversees public and private housing, community development, and the Department of Housing and Urban Development. The panel has done extensive work to evaluate and form solutions for housing affordability shortages across America.

Leadership

• Maxine Waters (D-CA), Chairman
• Shelley Moore Capito (R-WV), Ranking Member

Subcommittee on Domestic and International Monetary Policy, Trade, and Technology

Jurisdiction

The subcommittee focuses on international finance, banking, and monetary organizations, including the International Monetary Fund and the World Bank. The subcommittee is also responsible for issues involving monetary policy, economic stabilization, and trade in financial services.

Leadership

• Luis V. Gutierrez (D-IL), Chairman
• Ron Paul (R-TX), Ranking Member

Subcommittee on Oversight and Investigations

Jurisdiction

The subcommittee is charged with oversight of all matters within the jurisdiction of the Committee on Financial Services. Its investigations have ranged from corrupt housing authorities to financial fraud.

Leadership

• Mel Watt (D-NC), Chairman
• Gary Miller (R-CA), Ranking Member

See also

• United States Senate Committee on Banking, Housing, and Urban Affairs

External link

• House Committee on Financial Services Homepage

•  • [ e] Current United States Congressional committees
House (list)	Agriculture • Appropriations • Armed Services • Budget • Education and Labor • Energy and Commerce • Financial Services • Foreign Affairs • Homeland Security • House Administration • Intelligence (Permanent Select) • Judiciary • Natural Resources • Oversight and Government Reform • Rules • Science and Technology • Small Business • Standards of Official Conduct • Transportation and Infrastructure • Veterans' Affairs • Ways and Means • (Whole)
Senate (list)	Aging (Special) • Agriculture, Nutrition and Forestry • Appropriations • Armed Services • Banking, Housing, and Urban Affairs • Budget • Commerce, Science and Transportation • Energy and Natural Resources • Ethics (Select) • Environment and Public Works • Finance • Foreign Relations • Health, Education, Labor, and Pensions • Homeland Security and Governmental Affairs • Indian Affairs • Intelligence (Select) • Judiciary • Narcotics Control • Rules and Administration • Small Business and Entrepreneurship • Veterans' Affairs
Joint (list)	(Conference) • Economic • Library • Printing • Taxation Defunct committees