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 (11)   Independent (1) 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.^[1][2][3]

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

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