United States House Committee on Financial Services
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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 (other than transportation)
- 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: (Chair), (Ranking Member), (R), (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]." In the 115th Congress, a new subcommittee on Terrorism and Illicit Finance was created, dedicated to disrupting the financing of terrorist organizations.
Current subcommittees
| Subcommittee | Chair | Ranking Member |
|---|---|---|
| Capital Markets | Ann Wagner (R-MO) | Brad Sherman (D-CA) |
| Digital Assets, Financial Technology, and Artificial Intelligence | Bryan Steil (R-WI) | Stephen Lynch (D-MA) |
| Financial Institutions | Andy Barr (R-KY) | Bill Foster (D-IL) |
| Housing and Insurance | Mike Flood (R-NE) | Emanuel Cleaver (D-MO) |
| National Security, Illicit Finance, and International Financial Institutions | Warren Davidson (R-OH) | Joyce Beatty (D-OH) |
| Oversight and Investigations | Dan Meuser (R-PA) | Al Green (D-TX) |
Leadership
| Name | Party | State | Start | End |
|---|---|---|---|---|
| Brent Spence | Democratic | Kentucky | 1947 | 1949 |
| Jesse Wolcott | Republican | Kentucky | 1949 | 1953 |
| Brent Spence | Democratic | Kentucky | 1953 | 1955 |
| Jesse Wolcott | Republican | Kentucky | 1955 | 1957 |
| Henry Talle | Republican | Iowa | 1957 | 1959 |
| Clarence Kilburn | Republican | New York | 1959 | 1965 |
| William Widnall | Republican | New Jersey | 1965 | 1975 |
| Albert Johnson | Republican | Pennsylvania | 1975 | 1977 |
| William Stanton | Republican | Ohio | 1977 | 1983 |
| Chalmers Wylie | Republican | Ohio | 1983 | 1993 |
| Jim Leach | Republican | Iowa | 1993 | 1995 |
| Henry 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 |
Historical membership rosters
118th Congress
Resolutions electing members: (Chair), (Ranking Member), (R), (D), (amending rank)
Subcommittees
| Subcommittee | Chair | Ranking Member |
|---|---|---|
| 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) |
117th Congress
| Majority | Minority |
|---|---|
| Maxine Waters, California, Chair Carolyn Maloney, New York Nydia Velázquez, New York Brad Sherman, California Gregory Meeks, New York David Scott, Georgia Al Green, Texas Emanuel Cleaver, Missouri Ed Perlmutter, Colorado Jim Himes, Connecticut Bill Foster, Illinois Joyce Beatty, Ohio Juan Vargas, California Josh Gottheimer, New Jersey Vicente Gonzalez, Texas Al Lawson, Florida Michael San Nicolas, Guam Cindy Axne, Iowa Sean Casten, Illinois Ayanna Pressley, Massachusetts Ritchie Torres, New York Stephen Lynch, Massachusetts Alma Adams, North Carolina Rashida Tlaib, Michigan Alexandria Ocasio-Cortez, New York Madeleine Dean, Pennsylvania Chuy García, Illinois Sylvia Garcia, Texas Nikema Williams, Georgia Jake Auchincloss, Massachusetts, Vice Chair | Patrick McHenry, North Carolina, Ranking Member Frank Lucas, Oklahoma Pete Sessions, Texas (from June 30, 2021) Bill Posey, Florida Blaine Luetkemeyer, Missouri Bill Huizenga, Michigan Ann Wagner, Missouri, Vice Ranking Member Andy Barr, Kentucky Roger Williams, Texas French Hill, Arkansas Tom Emmer, Minnesota Lee Zeldin, New York Barry Loudermilk, Georgia Alex Mooney, West Virginia Warren Davidson, Ohio Ted Budd, North Carolina David Kustoff, Tennessee Trey Hollingsworth, Indiana Anthony Gonzalez, Ohio John Rose, Tennessee Bryan Steil, Wisconsin Lance Gooden, Texas William Timmons, South Carolina Van Taylor, Texas Ralph Norman, South Carolina (from June 8, 2022) |
Resolutions electing members: (Chair), (Ranking Member), (D), (R), (R), (R)
Subcommittees
| Subcommittee | Chair | Ranking Member |
|---|---|---|
| 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) |
116th Congress
| Majority | Minority |
|---|---|
| Maxine Waters, California, Chair Carolyn Maloney, New York Nydia Velázquez, New York Brad Sherman, California Gregory Meeks, New York Lacy Clay, Missouri David Scott, Georgia Al Green, Texas Emanuel Cleaver, Missouri Ed Perlmutter, Colorado Jim Himes, Connecticut Bill Foster, Illinois Joyce Beatty, Ohio Denny Heck, Washington Juan Vargas, California Josh Gottheimer, New Jersey Vicente Gonzalez, Texas Al Lawson, Florida Michael San Nicolas, Guam, Vice Chair Rashida Tlaib, Michigan Katie Porter, California Cindy Axne, Iowa Sean Casten, Illinois Ayanna Pressley, Massachusetts Ben McAdams, Utah Alexandria Ocasio-Cortez, New York Jennifer Wexton, Virginia Stephen Lynch, Massachusetts Tulsi Gabbard, Hawaii Alma Adams, North Carolina Madeleine Dean, Pennsylvania Chuy García, Illinois Sylvia Garcia, Texas Dean Phillips, Minnesota | Patrick McHenry, North Carolina, Ranking Member Frank Lucas, Oklahoma Bill Posey, Florida Blaine Luetkemeyer, Missouri Bill Huizenga, Michigan Steve Stivers, Ohio Ann Wagner, Missouri, Vice Ranking Member Andy Barr, Kentucky Scott Tipton, Colorado Roger Williams, Texas French Hill, Arkansas Tom Emmer, Minnesota Lee Zeldin, New York Barry Loudermilk, Georgia Alex Mooney, West Virginia Warren Davidson, Ohio Ted Budd, North Carolina David Kustoff, Tennessee Trey Hollingsworth, Indiana Anthony Gonzalez, Ohio John Rose, Tennessee Bryan Steil, Wisconsin Lance Gooden, Texas Denver Riggleman, Virginia William Timmons, South Carolina (since September 26, 2019) Van Taylor, Texas (since January 16, 2020) |
Sources: (Chair), (Ranking Member), (D), (R), (R), (R)
Subcommittees
| 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) |
115th Congress
| Majority | Minority |
|---|---|
| Jeb Hensarling, Texas, Chair Peter King, New York Ed Royce, California Frank Lucas, Oklahoma Patrick McHenry, North Carolina Steve Pearce, New Mexico Bill Posey, Florida Blaine Luetkemeyer, Missouri Bill Huizenga, Michigan Sean Duffy, Wisconsin Steve Stivers, Ohio Randy Hultgren, Illinois Dennis 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 Maloney, New York Nydia Velázquez, New York Brad Sherman, California Gregory Meeks, New York Michael Capuano, Massachusetts Lacy Clay, 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 Gonzalez, Texas Charlie Crist, Florida Ruben Kihuen, Nevada |
114th Congress
Sources: (Chair), (Ranking Member), (R), (D)
113th Congress
112th Congress
Source:
111th Congress
Source:
110th Congress
109th Congress
108th Congress
| Majority | Minority |
|---|---|
| Mike Oxley, Ohio, Chair Jim Leach, Iowa Richard Baker, Louisiana Spencer Bachus, Alabama Mike Castle, Delaware Peter King, New York Ed Royce, California Frank Lucas, Oklahoma Bob Ney, Ohio Sue Kelly, New York, Vice Chair Ron Paul, Texas Paul Gillmor, Ohio Jim Ryun, Kansas Steve LaTourette, Ohio Don Manzullo, Illinois Walter B. Jones Jr., North Carolina Doug Ose, California Judy Biggert, Illinois Mark Green, Wisconsin Pat Toomey, Pennsylvania Chris Shays, Connecticut John Shadegg, Arizona Vito Fossella, New York Gary Miller, California Pat Tiberi, Ohio Mark Kennedy, Minnesota Tom Feeney, Florida Jeb Hensarling, Texas Scott Garrett, New Jersey Tim Murphy, Pennsylvania Ginny Brown-Waite, Florida Gresham Barrett, South Carolina Katherine Harris, Florida Rick Renzi, Arizona Jim Gerlach, Pennsylvania | Barney Frank, Massachusetts, Ranking Member Paul Kanjorski, Pennsylvania Maxine Waters, California Carolyn Maloney, New York Luis Gutiérrez, Illinois Nydia Velázquez, New York Mel Watt, North Carolina Gary Ackerman, New York Darlene Hooley, Oregon Julia Carson, Indiana Brad Sherman, California Gregory Meeks, New York Barbara Lee, California Jay Inslee, Washington Dennis Moore, Kansas Michael Capuano, Massachusetts Harold Ford Jr., Tennessee Ruben Hinojosa, Texas Ken Lucas, Kentucky Joe Crowley, New York Lacy Clay, Missouri Steve Israel, New York Mike Ross, Arizona Carolyn McCarthy, New York Joe Baca, California Jim Matheson, Utah Stephen Lynch, Massachusetts Brad Miller, North Carolina Rahm Emanuel, Illinois David Scott, Georgia Artur Davis, Alabama Chris Bell, Texas Bernie Sanders, Vermont |
107th Congress
93rd Congress
See also
- United States Senate Committee on Banking, Housing, and Urban Affairs
- List of United States House of Representatives committees
Further reading
- Lavelle, Kathryn C. Money and Banks in the American Political System. NY: Cambridge. 97811017609167
External links
- ()
- . Legislation activity and reports, Congress.gov.
- . Congress.gov.