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).

History

The committee was once known as the Committee on Banking and Currency. The Banking and Currency Committee was created in 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]

Members

114th Congress

Majority	Minority
Jeb Hensarling, Texas, Chairman^[2] Peter T. King, New York Ed Royce, California Frank Lucas, Oklahoma Scott Garrett, New Jersey Randy Neugebauer, Texas Patrick McHenry, North Carolina Steve Pearce, New Mexico Bill Posey, Florida Mike Fitzpatrick, Pennsylvania Lynn Westmoreland, Georgia Blaine Luetkemeyer, Missouri Bill Huizenga, Michigan Sean Duffy, Wisconsin Robert Hurt, Virginia Steve Stivers, Ohio Stephen Fincher, Tennessee Marlin Stutzman, Indiana Mick Mulvaney, South Carolina Randy Hultgren, Illinois Dennis A. Ross, Florida Robert Pittenger, North Carolina Ann Wagner, Missouri Andy Barr, Kentucky Keith Rothfus, Pennsylvania 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	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 Ruben Hinojosa, Texas 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 John Carney, Delaware Terri Sewell, Alabama Bill Foster, Illinois Dan Kildee, Michigan Patrick Murphy, Florida John Delaney, Maryland Kyrsten Sinema, Arizona Joyce Beatty, Ohio Denny Heck, Washington Juan Vargas, California

Sources: H.Res. 6 (Chairs), H.Res. 7 (D), H.Res. 17 (R) and H.Res. 22 (D).

112th Congress

Majority	Minority
Spencer Bachus, Alabama, Chairman Peter T. King, New York Ed Royce, California Frank Lucas, Oklahoma Ron Paul, Texas Donald A. Manzullo, Illinois Walter B. Jones, North Carolina Judy Biggert, Illinois Gary Miller, California Shelley Moore Capito, West Virginia Jeb Hensarling, Texas, Vice Chair Scott Garrett, New Jersey Randy Neugebauer, Texas Patrick McHenry, North Carolina John Campbell, California Michele Bachmann, Minnesota Thaddeus McCotter, Michigan Kevin McCarthy, California Steve Pearce, New Mexico Bill Posey, Florida Mike Fitzpatrick, Pennsylvania Lynn Westmoreland, Georgia Blaine Luetkemeyer, Missouri Bill Huizenga, Michigan Sean Duffy, Wisconsin Nan Hayworth, New York Jim Renacci, Ohio Robert Hurt, Virginia Robert Dold, Illinois David Schweikert, Arizona Michael Grimm, New York Quico Canseco, Texas Steve Stivers, Ohio Stephen Fincher, Tennessee Frank Guinta, New Hampshire^[3]	Barney Frank, Massachusetts, Ranking Member Maxine Waters, California Carolyn B. Maloney, New York Luis Gutierrez, Illinois Nydia Velázquez, New York Mel Watt, North Carolina Gary Ackerman, New York Brad Sherman, California Gregory W. Meeks, New York Michael Capuano, Massachusetts Ruben Hinojosa, Texas William Clay, Jr., Missouri Carolyn McCarthy, New York Joe Baca, California Stephen Lynch, Massachusetts Brad Miller, North Carolina David Scott, Georgia Al Green, Texas Emanuel Cleaver, Missouri Gwen Moore, Wisconsin Keith Ellison, Minnesota Ed Perlmutter, Colorado Joe Donnelly, Indiana André Carson, Indiana Jim Himes, Connecticut Gary Peters, Michigan John Carney, Delaware

Source:

Resolutions electing Republican members (H.Res. 6, H.Res. 33)
Resolutions electing Democratic members (H.Res. 7, H.Res. 39)

Subcommittees

The Financial Services Committee operates with five 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]."^[4]

Subcommittee	Chair	Ranking Member
Capital Markets and Government-Sponsored Enterprises	Scott Garrett (R-NJ)	Carolyn Maloney (D-NY)
Financial Institutions and Consumer Credit	Randy Neugebauer (R-TX)	Wm. Lacy Clay (D-MO)
Housing and Insurance	Blaine Luetkemeyer (R-TX)	Emmanuel Cleaver (D-MO)
Monetary Policy and Trade	Bill Huizenga (R-MI)	Gwen Moore (D-WI)
Oversight and Investigations	Sean Duffy (R-WI)	Al Green (D-TX)

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

References

↑ "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.
↑ H.Res. 6
↑ H.Res. 751, August 1, 2012
↑ 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.

External links

House Committee on Financial Services Homepage

Chairmen of the United States House Committee on Financial Services

Pomeroy Garfield Hooper Maynard Cox Buckner Crapo Buckner Curtin Wilkins Dorsey Bacon Springer Walker Brosius Fowler Vreeland Pujo Glass Phelan Platt McFadden Steagall Spence Wolcott Spence Wolcott Spence Patman Reuss St. Germain Gonzalez Leach Oxley Frank Bachus Hensarling

Current United States congressional committees

Senate (list)	Aging (Special) Agriculture, Nutrition and Forestry Appropriations Armed Services Banking, Housing, and Urban Affairs Budget Commerce, Science, and Transportation Energy and Natural Resources Environment and Public Works Ethics (Select) Finance Foreign Relations Health, Education, Labor and Pensions Homeland Security and Governmental Affairs Indian Affairs Intelligence (Select) Judiciary Narcotics (Caucus) Rules and Administration Small Business and Entrepreneurship Veterans' Affairs

House (list)	Agriculture Appropriations Armed Services Benghazi (Select) Budget Education and the Workforce Energy and Commerce Ethics Financial Services Foreign Affairs Homeland Security House Administration Intelligence (Permanent Select) Judiciary Natural Resources Oversight and Government Reform Rules Science, Space and Technology Small Business Transportation and Infrastructure Veterans' Affairs Ways and Means (Whole)

Joint (list)	(Conference) Economic Inaugural Ceremonies (Special) Library Printing Taxation

Defunct committees