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:- Banks and banking, including deposit insurance and Federal monetary policy
- Economic stabilization, defense production, renegotiation, and control of the price of commodities, rents, and services
- Financial aid to commerce and industry
- Insurance generally
- International finance
- International financial and monetary organizations
- 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
- Public and private housing
- Securities and exchanges
- 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
[Image:US House Committee.jpg|right|thumb|200px|Meeting of the House Financial Services Committee]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 [United States Congress|115th Congress], a new subcommittee on Terrorism and Illicit Finance was created, dedicated to disrupting the financing of terrorist organizations.
Leadership
| Name | Party | State | Start | End |
| Republican | New York | 1865 | 1869 | |
| Republican | Ohio | 1869 | 1871 | |
| Republican | Massachusetts | 1871 | 1873 | |
| Republican | Tennessee | 1873 | 1875 | |
| Democratic | New York | 1875 | 1877 | |
| Democratic | Missouri | 1877 | 1881 | |
| Republican | Massachusetts | 1881 | 1883 | |
| Democratic | Missouri | 1883 | 1885 | |
| Democratic | Pennsylvania | 1885 | 1887 | |
| Democratic | Ohio | 1887 | 1889 | |
| Republican | Nebraska | 1889 | 1891 | |
| Democratic | New York | 1891 | 1893 | |
| Democratic | Illinois | 1893 | 1895 | |
| Republican | Massachusetts | 1895 | 1899 | |
| Republican | Pennsylvania | 1899 | 1901 | |
| Republican | New Jersey | 1901 | 1909 | |
| Republican | New York | 1909 | 1911 | |
| Democratic | Louisiana | 1911 | 1913 | |
| Democratic | Virginia | 1913 | 1918 | |
| Democratic | Massachusetts | 1918 | 1919 | |
| Republican | New York | 1919 | 1920 | |
| Republican | Pennsylvania | 1920 | 1931 | |
| Democratic | Alabama | 1931 | 1943 | |
| Democratic | Kentucky | 1943 | 1947 | |
| Republican | Michigan | 1947 | 1949 | |
| Democratic | Kentucky | 1949 | 1953 | |
| Republican | Michigan | 1953 | 1955 | |
| Democratic | Kentucky | 1955 | 1963 | |
| Democratic | Texas | 1963 | 1975 | |
| Democratic | Wisconsin | 1975 | 1981 | |
| Democratic | Rhode Island | 1981 | 1989 | |
| Democratic | Texas | 1989 | 1995 | |
| Republican | Iowa | 1995 | 2001 | |
| Republican | Ohio | 2001 | 2007 | |
| Democratic | Massachusetts | 2007 | 2011 | |
| Republican | Alabama | 2011 | 2013 | |
| Republican | Texas | 2013 | 2019 | |
| Democratic | California | 2019 | 2023 | |
| Republican | North Carolina | 2023 | 2025 | |
| Republican | Arkansas | 2025 | present |
| Name | Party | State | Start | End |
| Democratic | Kentucky | 1947 | 1949 | |
| Republican | Kentucky | 1949 | 1953 | |
| Democratic | Kentucky | 1953 | 1955 | |
| Republican | Kentucky | 1955 | 1957 | |
| Republican | Iowa | 1957 | 1959 | |
| Republican | New York | 1959 | 1965 | |
| Republican | New Jersey | 1965 | 1975 | |
| Republican | Pennsylvania | 1975 | 1977 | |
| Republican | Ohio | 1977 | 1983 | |
| Republican | Ohio | 1983 | 1993 | |
| Republican | Iowa | 1993 | 1995 | |
| Democratic | Texas | 1995 | 1999 | |
| Democratic | New York | 1999 | 2003 | |
| Democratic | Massachusetts | 2003 | 2007 | |
| Republican | Alabama | 2007 | 2011 | |
| Democratic | Massachusetts | 2011 | 2013 | |
| Democratic | California | 2013 | 2019 | |
| Republican | North Carolina | 2019 | 2023 | |
| Democratic | California | 2023 | present |
Historical membership rosters
118th Congress
Resolutions electing members:,,,,Subcommittees
117th Congress
Resolutions electing members:,,,,,Subcommittees
116th Congress
Sources:,,,,,Subcommittees