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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:

Banks, banking, and financial institutions;
Control of prices of commodities, rents, and services;
Deposit insurance;
Economic stabilization and defense production;
Export and foreign trade promotion;
Export controls;
Federal monetary policy, including Federal Reserve System;
Financial aid to commerce and industry;
Issuance and redemption of notes;
Money and credit, including currency and coinage;
Nursing home construction;
Public and private housing (including veterans' housing);
Renegotiation of Government contracts; and,
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

Majority	Minority
Mike Crapo, Idaho, Chairman Richard Shelby, Alabama Pat Toomey, Pennsylvania Tim Scott, South Carolina Ben Sasse, Nebraska Tom Cotton, Arkansas Mike Rounds, South Dakota David Perdue, Georgia Thom Tillis, North Carolina John Neely Kennedy, Louisiana Martha McSally, Arizona Jerry Moran, Kansas Kevin Cramer, North Dakota	Sherrod Brown, Ohio, Ranking Member Jack Reed, Rhode Island Bob Menendez, New Jersey Jon Tester, Montana Mark Warner, Virginia Elizabeth Warren, Massachusetts Brian Schatz, Hawaii Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Doug Jones, Alabama Tina Smith, Minnesota Kyrsten Sinema, Arizona

Members, 115th Congress

Majority	Minority
Mike Crapo, Idaho, Chair Richard Shelby, Alabama Bob Corker, Tennessee Pat Toomey, Pennsylvania Dean Heller, Nevada Tim Scott, South Carolina Ben Sasse, Nebraska Tom Cotton, Arkansas Mike Rounds, South Dakota David Perdue, Georgia Thom Tillis, North Carolina John Neely Kennedy, Louisiana Jerry Moran, Kansas	Sherrod Brown, Ohio, Ranking Member Jack Reed, Rhode Island Bob Menendez, New Jersey Jon Tester, Montana Mark Warner, Virginia Elizabeth Warren, Massachusetts Heidi Heitkamp, North Dakota Joe Donnelly, Indiana Brian Schatz, Hawaii Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Doug Jones, Alabama

Source^[5]

Subcommittees

Subcommittee	Chair	Ranking Member
Economic Policy	Tom Cotton (R-AR)	Catherine Cortez Masto (D-NV)
Housing, Transportation, and Community Development	David Perdue (R-GA)	Bob Menendez (D-NJ)
Financial Institutions and Consumer Protection	Tim Scott (R-SC)	Elizabeth Warren (D-MA)
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

	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

	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

References

^ https://www.c-span.org/video/?c4782121/senate-banking-hearing-22619
^ https://www.c-span.org/video/?c4782276/fed-powell-senate-banking-committee-2262019
^ https://www.rules.senate.gov/rules-of-the-senate
^ ^a ^b "Jurisdiction". United States Committee on Banking, Housing, and Urban Affairs. Retrieved 2019.This article incorporates text from this source, which is in the public domain.
^ "U.S. Senate: Committee on Banking, Housing, and Urban Affairs". www.senate.gov. Retrieved 2017.

External links

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

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[1] ttps://www.c-span.org/video/?c4782121/senate-banking-hearing-22619

[2] ttps://www.c-span.org/video/?c4782276/fed-powell-senate-banking-committee-2262019

[3] ttps://www.rules.senate.gov/rules-of-the-senate

[Committee-4] "Jurisdiction". United States Committee on Banking, Housing, and Urban Affairs. Retrieved 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 2017.

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