United_States_Senate_Committee_on_Banking_and_Currency

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

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

Standing committee of the United States Senate


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.[1][2][3]

Quick Facts Standing committee, History ...

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.[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, 118th Congress

More information Majority, Minority ...

Subcommittees

Chairs

Committee on Banking and Currency, 1913–1970

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

Historical membership rosters

117th Congress

More information Majority, Minority ...
Subcommittees

116th Congress

More information Majority, Minority ...
Subcommittees

115th Congress

More information Majority, Minority ...

Subcommittees

Source[12]

114th Congress

More information Majority, Minority ...

Subcommittees

113th Congress

More information Majority, Minority ...
More information Subcommittee, Chair ...

See also


References

  1. "User Clip: Senate Banking Hearing 2/26/19 | C-SPAN.org". www.c-span.org.
  2. "Jurisdiction". United States Committee on Banking, Housing, and Urban Affairs. Retrieved May 31, 2019. Public Domain This article incorporates text from this source, which is in the public domain.
  3. S.Res. 30 (118th Congress)
  4. S.Res. 31 (118th Congress)
  5. Kyrsten Sinema is an independent but caucuses with the Democrats.
  6. "Majority Leader Schumer Announces New Senate Democratic Committee Assignments". Senate Democrats. October 17, 2023. Retrieved October 18, 2023.
  7. Died June 17, 1936
  8. 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.
  9. 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

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