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United States House of Representatives Committee on Financial Services

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Background
United States CongressUnited States SenateUnited States House of RepresentativesUnited States Constitution113th United States Congress112th United States Congress
The United States House of Representatives Committee on Financial Services is a standing committee of the U.S. House of Representatives.

Leadership

114th Congress

The committee chairman in the 114th Congress is Jeb Hensarling (R).

113th congress

Jeb Hensarling (R) was appointed committee chair in the 113th Congress.[1]

Maxine Waters was appointed as the top ranking Democrat on the committee, despite past ethics questions.[2]

112th congress

The committee chair in the 112th Congress was Spencer Bachus (R).[3]

Membership

2015-2016 (114th Congress)

Committee on Financial Services Members, 2015-2016
Democratic members (26)Republican members (34)
Maxine Waters (California) Ranking MemberJeb Hensarling (Texas) Chairman
Carolyn B. Maloney (New York) Peter King (New York)
Nydia M. Velázquez (New York) Edward R. Royce (California)
Brad Sherman (California) Frank D. Lucas (Oklahoma)
Gregory W. Meeks (New York) Scott Garrett (New Jersey)
Michael E. Capuano (Massachusetts) Randy Neugebauer (Texas)
Rubén Hinojosa (Texas) Patrick T. McHenry (North Carolina)
William Lacy Clay (Missouri) Stevan Pearce (New Mexico)
Stephen F. Lynch (Massachusetts) Bill Posey (Florida)
David Scott (Georgia) Michael G. Fitzpatrick (Pennsylvania)
Al Green (Texas) Lynn A. Westmoreland (Georgia)
Emanuel Cleaver (Missouri) Blaine Luetkemeyer (Missouri)
Gwen Moore (Wisconsin) Bill Huizenga (Michigan)
Keith Ellison (Minnesota) Sean P. Duffy (Wisconsin)
Ed Perlmutter (Colorado) Robert Hurt (Virginia)
James A. Himes (Connecticut) Steve Stivers (Ohio)
John C. Carney, Jr. (Delaware) Stephen Lee Fincher (Tennessee)
Terri A. Sewell (Alabama) Marlin A. Stutzman (Indiana)
Bill Foster (Illinois) Mick Mulvaney (South Carolina)
Dan Kildee (Michigan) Randy Hultgren (Illinois)
Patrick Murphy (Florida) Dennis A. Ross (Florida)
John Delaney (Maryland) Robert Pittenger (North Carolina)
Kyrsten Sinema (Arizona) Ann Wagner (Missouri)
Joyce Beatty (Ohio) Andy Barr (Kentucky)
Denny Heck (Washington) Keith Rothfus (Pennsylvania)
Juan Vargas (California) Luke Messer (Indiana)
David Schweikert (Arizona)
Bob Dold (Illinois)
Frank Guinta (New Hampshire)
Scott Tipton (Colorado)
Roger Williams (Texas)
Bruce Poliquin (Maine)
Mia Love (Utah)
French Hill (Arkansas)

2013-2014 (113th Congress)

2011-2012 (112th Congress)

Committee legislation

The below chart from Find The Best tracks the legislation coming out of each committee.


Source: This graphic was generated by Find The Best.

Subcommittees

Capital Markets, and Government Sponsored Enterprises

Subcommittee on Capital Markets and Government Sponsored Enterprises Members, 2015-2016
Democratic members (14)Republican members (18)
Carolyn Maloney Ranking MemberScott Garrett Chairman
Brad Sherman Robert Hurt Vice Chairman
Ruben Hinojosa Pete King
Stephen Lynch Ed Royce
Ed Perlmutter Randy Neugebauer
David Scott Patrick McHenry
Jim Himes Bill Huizenga
Keith Ellison Sean Duffy
Bill Foster Steve Stivers
Gregory Meeks Stephen Fincher
John Carney Randy Hultgren
Terri Sewell Dennis Ross
Patrick Murphy Ann Wagner
Maxine Waters Ex OfficioLuke Messer
David Schweikert
Bruce Poliquin
French Hill
Jeb Hensarling Ex Officio

Jurisdiction: securities, exchanges, and finance; capital markets activities, including business capital formation and venture capital; activities involving futures, forwards, options, and other types of derivative instruments; the Securities and Exchange Commission; secondary market organizations for home mortgages, including the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Federal Agricultural Mortgage Corporation; the Federal Housing Finance Agency; and the Federal Home Loan Banks.[4]

Financial Institutions and Consumer Credit

Subcommittee on Financial Institutions and Consumer Credit Members, 2015-2016
Democratic members (14)Republican members (18)
William Lacy Clay Ranking MemberRandy Neugebauer Chairman
Gregory Meeks Stevan Pearce Vice Chairman
Ruben Hinojosa Frank Lucas
David Scott Bill Posey
Carolyn Maloney Mike Fitzpatrick
Nydia Velazquez Lynn Westmoreland
Brad Sherman Blaine Luetkemeyer
Stephen Lynch Marlin Stutzman
Michael Capuano Mick Mulvaney
John Delaney Robert Pittenger
Denny Heck Andy Barr
Krysten Sinema Keith Rothfus
Juan Vargas Bob Dold
Maxine Waters Ex OfficioFrank Guinta
Scott Tipton
Roger Williams
Mia Love
Jeb Hensarling Ex Officio

Jurisdiction: all agencies, including the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System and the Federal Reserve System, the Office of Thrift Supervision, and the National Credit Union Administration, which directly or indirectly exercise supervisory or regulatory authority in connection with, or provide deposit insurance for, financial institutions, and the establishment of interest rate ceilings on deposits; all matters related to the Bureau of Consumer Financial Protection; the chartering, branching, merger, acquisition, consolidation, or conversion of financial institutions; consumer credit, including the provision of consumer credit by insurance companies, and further including those matters in the Consumer Credit Protection Act dealing with truth in lending, extortionate credit transactions, restrictions on garnishments, fair credit reporting and the use of credit information by credit bureaus and credit providers, equal credit opportunity, debt collection practices, and electronic funds transfers; creditor remedies and debtor defenses, Federal aspects of the Uniform Consumer Credit Code, credit and debit cards, and the preemption of State usury laws; consumer access to financial services, including the Home Mortgage Disclosure Act and the Community Reinvestment Act; the terms and rules of disclosure of financial services, including the advertisement, promotion and pricing of financial services, and availability of government check cashing services; deposit insurance; and consumer access to savings accounts and checking accounts in financial institutions, including lifeline banking and other consumer accounts.[4]

Housing and Insurance

Subcommittee on Housing and Insurance Members, 2015-2016
Democratic members (10)Republican members (13)
Emanuel Cleaver Ranking MemberBlaine Luetkemeyer Chairman
Nydia Velazquez Lynn Westmoreland Vice Chairman
Mike Capuano Ed Royce
William Lacy Clay Scott Garrett
Al Green Stevan Pearce
Gwen Moore Robert Hurt
Keith Ellison Steve Stivers
Joyce Beatty Dennis Ross
Daniel Kildee Andy Barr
Maxine Waters Ex OfficioKeith Rothfus
Bob Dold
Roger Williams
Jeb Hensarling Ex Officio

Jurisdiction: insurance generally; terrorism risk insurance; private mortgage insurance; government sponsored insurance programs, including those offering protection against crime, fire, flood (and related land use controls), earthquake and other natural hazards; the Federal Insurance Office; housing (except programs administered by the Department of Veterans Affairs), including mortgage and loan insurance pursuant to the National Housing Act; rural housing; housing and homeless assistance programs; all activities of the Government National Mortgage Association; housing construction and design and safety standards; housing related energy conservation; housing research and demonstration programs; financial and technical assistance for nonprofit housing sponsors; housing counseling and technical assistance; regulation of the housing industry (including landlord/tenant relations); and real estate lending including regulation of settlement procedures; community development and community and neighborhood planning, training and research; national urban growth policies; urban/rural research and technologies; and regulation of interstate land sales; and, the qualifications for and designation of Empowerment Zones and Enterprise Communities (other than matters relating to tax benefits).[4]

Monetary Policy and Trade

Subcommittee on Monetary Policy and Trade Members, 2015-2016
Democratic members (10)Republican members (12)
Gwen Moore Ranking MemberBill Huizenga Chairman
Bill Foster Mick Mulvaney
Ed Perlmutter Frank Lucas
James Himes Steve Pearce
John Carney Bill Posey
Terri Sewell Marlin Stutzman
Patrick Murphy Robert Pittenger
Dan Kildee Luke Messer
Denny Heck David Schweikert
Maxine Waters Ex OfficioFrank Guinta
Mia Love
Jeb Hensarling Ex Officio

Jurisdiction: financial aid to all sectors and elements within the economy; economic growth and stabilization; defense production matters as contained in the Defense Production Act of 1950, as amended; domestic monetary policy, and agencies which directly or indirectly affect domestic monetary policy, including the effect of such policy and other financial actions on interest rates, the allocation of credit, and the structure and functioning of domestic financial institutions; coins, coinage, currency, and medals, including commemorative coins and medals, proof and mint sets and other special coins, the Coinage Act of 1965, gold and silver, including the coinage thereof (but not the par value of gold), gold medals, counterfeiting, currency de nominations and design, the distribution of coins, and the operations of the Bureau of the Mint and the Bureau of Engraving and Printing; and, development of new or alternative forms of currency.[4]

Oversight and Investigations

Subcommittee on Oversight and Investigations Members, 2015-2016
Democratic members (10)Republican members (13)
Al Green Ranking MemberSean Duffy Chairman
Michael Capuano Mike Fitzpatrick Vice Chairman
Emanuel Cleaver Pete King
Keith Ellison Patrick McHenry
John Delaney Robert Hurt
Joyce Beatty Stephen Fincher
Denny Heck Mick Mulvaney
Krysten Sinema Randy Hultgren
Juan Vargas Ann Wagner
Maxine Waters Ex OfficioScott Tipton
Bruce Poliquin
French Hill
Jeb Hensarling Ex Officio

Jurisdiction

According to the official House website, the jurisdiction of the Financial Services Committee includes the following:

  1. all issues pertaining to the economy, the banking system, housing, insurance, and securities and exchanges, monetary policy, international finance, international monetary organizations, and efforts to combat terrorist financing.
  2. oversees the Nation’s economy through its oversight of the Federal Reserve Board and individual reserve banks, the Treasury, the production and distribution of currency, and the Nation’s capital markets.
  3. oversees the Federal Reserve, Treasury, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Department of Housing and Urban Development, the Federal Housing Finance Agency, and the Export-Import Bank.


Contact

2129 Rayburn House Office Building
Washington, DC 20515

Phone: (202) 225-7502
Press: (202) 226-0471

See also

External links

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Suggest a link

References