United States House Committee on Financial Services






Meeting of the House Financial Services Committee





















The United States House Committee on Financial Services (also referred to as the House Banking Committee) 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 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 Jeb Hensarling (R-TX) and the ranking Democrat is Maxine Waters (D-CA).




Contents






  • 1 History


  • 2 Members


    • 2.1 115th Congress




  • 3 Subcommittees


  • 4 Chairmen


  • 5 See also


  • 6 References


  • 7 External links





History


The committee was once known as the Committee on Banking and Currency. 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.[1][2]



Members



115th Congress











Majority
Minority



  • Jeb Hensarling, Texas, Chair


  • Peter T. King, New York


  • Ed Royce, California


  • Frank Lucas, Oklahoma


  • Patrick McHenry, North Carolina, Vice Chair


  • Steve Pearce, New Mexico


  • Bill Posey, Florida


  • Blaine Luetkemeyer, Missouri


  • Bill Huizenga, Michigan


  • Sean Duffy, Wisconsin


  • Steve Stivers, Ohio


  • Randy Hultgren, Illinois


  • Dennis A. Ross, Florida


  • Robert Pittenger, North Carolina


  • Ann Wagner, Missouri


  • Andy Barr, Kentucky


  • Keith Rothfus, Pennsylvania


  • Luke Messer, Indiana


  • Scott Tipton, Colorado


  • Roger Williams, Texas


  • Bruce Poliquin, Maine


  • Mia Love, Utah


  • French Hill, Arkansas


  • Tom Emmer, Minnesota


  • Lee Zeldin, New York


  • Dave Trott, Michigan


  • Barry Loudermilk, Georgia


  • Alex Mooney, West Virginia


  • Tom MacArthur, New Jersey


  • Warren Davidson, Ohio


  • Ted Budd, North Carolina


  • David Kustoff, Tennessee


  • Claudia Tenney, New York


  • Trey Hollingsworth, Indiana





  • Maxine Waters, California, Ranking Member


  • Carolyn B. Maloney, New York


  • Nydia Velázquez, New York


  • Brad Sherman, California


  • Gregory W. Meeks, New York


  • Michael Capuano, Massachusetts


  • William Clay, Jr., Missouri


  • Stephen Lynch, Massachusetts


  • David Scott, Georgia


  • Al Green, Texas


  • Emanuel Cleaver, Missouri


  • Gwen Moore, Wisconsin


  • Keith Ellison, Minnesota


  • Ed Perlmutter, Colorado


  • Jim Himes, Connecticut


  • Bill Foster, Illinois


  • Dan Kildee, Michigan, Vice Ranking Member


  • John Delaney, Maryland


  • Kyrsten Sinema, Arizona


  • Joyce Beatty, Ohio


  • Denny Heck, Washington


  • Juan Vargas, California


  • Josh Gottheimer, New Jersey


  • Vicente González, Texas


  • Charlie Crist, Florida


  • Ruben Kihuen, Nevada



Sources: H.Res. 6 (Chair), H.Res. 7 (Ranking Member), H.Res. 29 (R), H.Res. 45 (D)



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 [was] moved to a new Subcommittee on Insurance, Housing and Community Opportunity [as of the 112th Congress]."[3] In the 115th Congress, a new subcommittee on Terrorism and Illicit Finance was created, dedicated to disrupting the financing of terrorist organizations.[4]






































Subcommittee
Chair
Ranking Member

Capital Markets, Securities and Investment

Bill Huizenga (R-MI)

Carolyn Maloney (D-NY)

Financial Institutions and Consumer Credit

Blaine Luetkemeyer (R-MO)

Lacy Clay (D-MO)

Housing and Insurance

Sean Duffy (R-WI)

Emmanuel Cleaver (D-MO)

Monetary Policy and Trade

Andy Barr (R-KY)

Gwen Moore (D-WI)

Oversight and Investigations

Ann Wagner (R-MO)

Al Green (D-TX)

Terrorism and Illicit Finance

Steve Pearce (R-NM)

Ed Perlmutter (D-CO)


Chairmen







































































































































































































































Chairman
Party
State
Years

Theodore M. Pomeroy
Republican

New York
1865–1869

James A. Garfield
Republican

Ohio
1869–1871

Samuel Hooper
Republican

Massachusetts
1871–1873

Horace Maynard
Republican

Tennessee
1873–1875

Samuel S. Cox
Democratic

New York
1875–1877

Aylett Hawes Buckner
Democratic

Missouri
1877–1881

William W. Crapo
Republican

Massachusetts
1881–1883

Aylett Hawes Buckner
Democratic

Missouri
1883–1885

Andrew Gregg Curtin
Democratic

Pennsylvania
1885–1887

Beriah Wilkins
Democratic

Ohio
1887–1889

George W. E. Dorsey
Republican

Nebraska
1889–1891

Henry Bacon
Democratic

New York
1891–1893

William McK. Springer
Democratic

Illinois
1893–1895

Joseph H. Walker
Republican

Massachusetts
1895–1899

Marriott Henry Brosius
Republican

Pennsylvania
1899–1901

Charles N. Fowler
Republican

New Jersey
1901–1909

Edward B. Vreeland
Republican

New York
1909–1911

Arsène Pujo
Democratic

Louisiana
1911–1913

Carter Glass
Democratic

Virginia
1913–1918

Michael Francis Phelan
Democratic

Massachusetts
1918–1919

Edmund Platt
Republican

New York
1919–1920

Louis Thomas McFadden
Republican

Pennsylvania
1920–1931

Henry B. Steagall
Democratic

Alabama
1931–1943

Brent Spence
Democratic

Kentucky
1943–1947

Jesse P. Wolcott
Republican

Michigan
1947–1949

Brent Spence
Democratic

Kentucky
1949–1953

Jesse P. Wolcott
Republican

Michigan
1953–1955

Brent Spence
Democratic

Kentucky
1955–1963

Wright Patman
Democratic

Texas
1963–1975

Henry S. Reuss
Democratic

Wisconsin
1975–1981

Fernand St. Germain
Democratic

Rhode Island
1981–1989

Henry B. Gonzalez
Democratic

Texas
1989–1995

Jim Leach
Republican

Iowa
1995–2001

Mike Oxley
Republican

Ohio
2001–2007

Barney Frank
Democratic

Massachusetts
2007–2011

Spencer Bachus
Republican

Alabama
2011–2013

Jeb Hensarling
Republican

Texas
2013–present


See also



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

  • List of current United States House of Representatives committees



References





  1. ^ "Chapter 5. Records of the Banking and Currency Committees". Guide to the Records of the U.S. House of Representatives at the National Archives, 1789-1989 (Record Group 233). National Archives and Records Administration. Retrieved 26 November 2010..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output q{quotes:"""""""'""'"}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-limited a,.mw-parser-output .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ In at least the 96th Congress, the Committee title was Banking, Finance and Urban Affairs. https://en.wikipedia.org/wiki/96th_United_States_Congress#Committees


  3. ^ Lehmann, R.J. (2011-01-20). "Insurance gets top billing on new House subcommittee". SNL Financial. Archived from the original on 2011-01-27. Retrieved 2011-01-27.


  4. ^ "Pearce to head committee on terrorism finances". The Arizona Republic. 9 January 2017. Retrieved 27 February 2017.




External links




  • House Committee on Financial Services Homepage (Archive)


  • House Financial Services Committee. Legislation activity and reports, Congress.gov.


  • House Financial Services Committee Hearings and Meetings Video. Congress.gov.










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