United States House Committee on Financial Services


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.
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.

Jurisdiction

Under the rules of the 113th Congress, the Financial Services Committee's jurisdiction includes:
  1. Banks and banking, including deposit insurance and Federal monetary policy
  2. Economic stabilization, defense production, renegotiation, and control of the price of commodities, rents, and services
  3. Financial aid to commerce and industry
  4. Insurance generally
  5. International finance
  6. International financial and monetary organizations
  7. Money and credit, including currency and the issuance of notes and redemption thereof; gold and silver, including the coinage thereof; valuation and revaluation of the dollar
  8. Public and private housing
  9. Securities and exchanges
  10. Urban development

    History

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.

Members, 119th Congress

Resolutions electing members: , , ,

Subcommittees

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 moved to a new Subcommittee on Insurance, Housing and Community Opportunity ." In the 115th Congress, a new subcommittee on Terrorism and Illicit Finance was created, dedicated to disrupting the financing of terrorist organizations.

Current subcommittees

Leadership


NamePartyStateStartEnd
RepublicanNew York18651869
RepublicanOhio18691871
RepublicanMassachusetts18711873
RepublicanTennessee18731875
DemocraticNew York18751877
DemocraticMissouri18771881
RepublicanMassachusetts18811883
DemocraticMissouri18831885
DemocraticPennsylvania18851887
DemocraticOhio18871889
RepublicanNebraska18891891
DemocraticNew York18911893
DemocraticIllinois18931895
RepublicanMassachusetts18951899
RepublicanPennsylvania18991901
RepublicanNew Jersey19011909
RepublicanNew York19091911
DemocraticLouisiana19111913
DemocraticVirginia19131918
DemocraticMassachusetts19181919
RepublicanNew York19191920
RepublicanPennsylvania19201931
DemocraticAlabama19311943
DemocraticKentucky19431947
RepublicanMichigan19471949
DemocraticKentucky19491953
RepublicanMichigan19531955
DemocraticKentucky19551963
DemocraticTexas19631975
DemocraticWisconsin19751981
DemocraticRhode Island19811989
DemocraticTexas19891995
RepublicanIowa19952001
RepublicanOhio20012007
DemocraticMassachusetts20072011
RepublicanAlabama20112013
RepublicanTexas20132019
DemocraticCalifornia20192023
RepublicanNorth Carolina20232025
RepublicanArkansas2025present



NamePartyStateStartEnd
DemocraticKentucky19471949
RepublicanKentucky19491953
DemocraticKentucky19531955
RepublicanKentucky19551957
RepublicanIowa19571959
RepublicanNew York19591965
RepublicanNew Jersey19651975
RepublicanPennsylvania19751977
RepublicanOhio19771983
RepublicanOhio19831993
RepublicanIowa19931995
DemocraticTexas19951999
DemocraticNew York19992003
DemocraticMassachusetts20032007
RepublicanAlabama20072011
DemocraticMassachusetts20112013
DemocraticCalifornia20132019
RepublicanNorth Carolina20192023
DemocraticCalifornia2023present

Historical membership rosters

118th Congress

Resolutions electing members: , , , ,
Subcommittees

SubcommitteeChairRanking Member
Capital MarketsAnn Wagner Brad Sherman
Digital Assets, Financial Technology and InclusionFrench Hill Stephen Lynch
Financial Institutions and Monetary PolicyAndy Barr Bill Foster
Housing and InsuranceWarren Davidson Emanuel Cleaver
National Security, Illicit Finance, and International Financial InstitutionsBlaine Luetkemeyer Joyce Beatty
Oversight and InvestigationsBill Huizenga Al Green

117th Congress

Resolutions electing members: , , , , ,
Subcommittees

SubcommitteeChairRanking Member
Consumer Protection and Financial InstitutionsEd Perlmutter Blaine Luetkemeyer
Diversity and InclusionJoyce Beatty Ann Wagner
Housing, Community Development and InsuranceEmanuel Cleaver Steve Stivers
Investor Protection, Entrepreneurship and Capital MarketsBrad Sherman Bill Huizenga
National Security, International Development and Monetary PolicyJim Himes French Hill
Oversight and InvestigationsAl Green Andy Barr

116th Congress

Sources: , , , , ,
Subcommittees

SubcommitteeChairRanking Member
Consumer Protection and Financial InstitutionsGregory Meeks Blaine Luetkemeyer
Diversity and InclusionJoyce Beatty Ann Wagner
Housing, Community Development and InsuranceLacy Clay Steve Stivers
Investor Protection, Entrepreneurship and Capital MarketsBrad Sherman Bill Huizenga
National Security, International Development and Monetary PolicyEmanuel Cleaver French Hill
Oversight and InvestigationsAl Green Andy Barr