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

The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency and frequently referred to in the press as the Senate Banking Committee) has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit and government contracts.[1][2][3]

History

The Committee is one of twenty standing committees in the United States Senate. The Committee was formally established as the "Committee on Banking and Currency" in 1913, when Senator Robert L. Owen of Oklahoma sponsored the Federal Reserve Act. Senator Owen served as the Committee's inaugural Chairman.

Jurisdiction

In accordance of Rule XXV of the United States Senate, all proposed legislation, messages, petitions, memorials, and other matters relating to the following subjects are referred to the Senate Banking Committee:

  1. Banks, banking, and financial institutions;
  2. Control of prices of commodities, rents, and services;
  3. Deposit insurance;
  4. Economic stabilization and defense production;
  5. Export and foreign trade promotion;
  6. Export controls;
  7. Federal monetary policy, including Federal Reserve System;
  8. Financial aid to commerce and industry;
  9. Issuance and redemption of notes;
  10. Money and credit, including currency and coinage;
  11. Nursing home construction;
  12. Public and private housing (including veterans' housing);
  13. Renegotiation of Government contracts; and,
  14. Urban development and urban mass transit.[4]

The Senate Banking Committee is also charged to "study and review, on a comprehensive basis, matters relating to international economic policy as it affects United States monetary affairs, credit, and financial institutions; economic growth, urban affairs, and credit, and report thereon from time to time."[4]

Members, 116th Congress
Main article: 116th United States Congress
Majority Minority

Members, 115th Congress
Majority Minority

Source[5]

Subcommittees
Subcommittee Chair Ranking Member
Economic Policy Tom Cotton (R-AR) Catherine Cortez Masto (D-NV)
Financial Institutions and Consumer Protection Tim Scott (R-SC) Elizabeth Warren (D-MA)
Housing, Transportation, and Community Development David Perdue (R-GA) Bob Menendez (D-NJ)
National Security and International Trade and Finance Ben Sasse (R-NE) Mark Warner (D-VA)
Securities, Insurance, and Investment Pat Toomey (R-PA) Chris Van Hollen (D-MD)

Chairmen

Committee on Banking and Currency, 1913–1970
Chairman Party State Years
Robert L. Owen Democratic Oklahoma 1913–1919
George P. McLean Republican Connecticut 1919–1927
Peter Norbeck Republican South Dakota 1927–1933
Duncan U. Fletcher Democratic Florida 1933–1936
Robert F. Wagner Democratic New York 1936–1947
Charles W. Tobey Republican New Hampshire 1947–1949
Burnet R. Maybank Democratic South Carolina 1949–1953
Homer Capehart Republican Indiana 1953–1955
J. William Fulbright Democratic Arkansas 1955–1959
A. Willis Robertson Democratic Virginia 1959–1966
John J. Sparkman Democratic Alabama 1966–1970

Committee on Banking, Housing, and Urban Affairs, 1970–present
Chairman Party State Years
John J. Sparkman Democratic Alabama 1970–1975
William Proxmire Democratic Wisconsin 1975–1981
Jake Garn Republican Utah 1981–1987
William Proxmire Democratic Wisconsin 1987–1989
Donald Riegle Democratic Michigan 1989–1995
Alfonse D'Amato Republican New York 1995–1999
Phil Gramm Republican Texas 1999–2001
Paul Sarbanes Democratic Maryland 2001
Phil Gramm Republican Texas 2001
Paul Sarbanes Democratic Maryland 2001–2003
Richard Shelby Republican Alabama 2003–2007
Chris Dodd Democratic Connecticut 2007–2011
Tim Johnson Democratic South Dakota 2011–2015
Richard Shelby Republican Alabama 2015-2017
Mike Crapo Republican Idaho 2017–present

See also

References
  1. "User Clip: Senate Banking Hearing 2/26/19 | C-SPAN.org". www.c-span.org.
  2. "User Clip: FED Powell - before Senate Banking... committee 2/26/2019 | C-SPAN.org". www.c-span.org.
  3. "Rules Of The Senate | U.S. Senate Committee on Rules & Administration". www.rules.senate.gov.
  4. "Jurisdiction". United States Committee on Banking, Housing, and Urban Affairs. Retrieved May 31, 2019. This article incorporates text from this source, which is in the public domain.
  5. "U.S. Senate: Committee on Banking, Housing, and Urban Affairs". www.senate.gov. Retrieved January 7, 2017.


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