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Senate Banking, Housing and Urban Affairs Committee

Standing committee
Active United States Senate 118th Congress
History
Formed	1913
Formerly known as	Committee on Banking and Currency
Leadership
Chair	Sherrod Brown (D) Since February 3, 2021
Ranking member	Tim Scott (R) Since January 3, 2023
Structure
Seats	23 members
Political parties	Majority (12)   Democratic (12) Minority (11)   Republican (11)
Jurisdiction
Policy areas	Banking, insurance price controls, deposit insurance, monetary policy, financial assistance, currency, coinage, housing, urban development, mass transit
Subcommittees
Economic Policy Financial Institutions and Consumer Protection Housing, Transportation, and Community Development National Security and International Trade and Finance Securities, Insurance, and Investment
Meeting place
534 Dirksen Senate Office Building Washington, D.C.
Website
www.banking.senate.gov

The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known 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.

The current chair of the committee is Democrat Sherrod Brown of Ohio, and the Ranking Member is Republican Tim Scott of South Carolina.

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 with 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 the 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 the 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.

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."

Members, 118th Congress

Subcommittees

Chairs

Committee on Banking and Currency, 1913–1970

Committee on Banking, Housing, and Urban Affairs, 1970–present

Historical membership rosters

117th Congress

Subcommittees

116th Congress

Subcommittees

115th Congress

Subcommittees

Source

114th Congress

Subcommittees

113th Congress

See also

• List of current United States Senate committees
• United States House Committee on Financial Services, the congressional counterpart of this committee
• Pecora Commission, the commission established to investigate the causes of the Wall Street Crash of 1929
• Lavelle, Kathryn C. Money and Banks in the American Political System. NY: Cambridge. 97811017609167

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. S.Res. 30 (118th Congress)
6. S.Res. 31 (118th Congress)
7. Kyrsten Sinema is an independent but caucuses with the Democrats.
8. "Majority Leader Schumer Announces New Senate Democratic Committee Assignments". Senate Democrats. October 17, 2023. Retrieved October 18, 2023.
9. Died June 17, 1936
10. At the beginning of the 107th Congress in January 2001 the Senate was evenly divided. With a Democratic president and vice president still serving until January 20, the Democratic vice president was available to break a tie, and the Democrats thus controlled the Senate for 17 days, from January 3 to January 20. On January 3 the Senate adopted S. Res. 7 designating Democratic senators as committee chairmen to serve during this period and Republican chairmen to serve effective at noon on January 20, 2001.
11. 5 On June 6, 2001, the Democrats took control of the Senate after Senator James Jeffords (VT) changed from the Republican Party to Independent and announced that he would caucus with the Democrats
12. "U.S. Senate: Committee on Banking, Housing, and Urban Affairs". www.senate.gov. Retrieved January 7, 2017.

External links

• U.S. Senate Committee on Banking, Housing, and Urban Affairs (Archive)
• Senate Banking, Housing, and Urban Affairs Committee. Legislation activity and reports, Congress.gov.

v t e Chairs of the United States Senate Committee on Banking, Housing, and Urban Affairs
Banking and Currency (1913–1970)	Owen McLean Norbeck Fletcher Wagner Tobey Maybank Capehart Fulbright Robertson Sparkman
Banking, Housing, and Urban Affairs (1970–present)	Sparkman Proxmire Garn Proxmire Riegle D'Amato Gramm Sarbanes Gramm Sarbanes Shelby Dodd Johnson Shelby Crapo Brown Crapo (designate)

• Committees of the United States Senate
• 1913 establishments in Washington, D.C.
• Organizations established in 1913