United States Senate Committee on Banking, Housing, and Urban Affairs
January 01, 1970
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]
Senate Banking, Housing and Urban Affairs Committee
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:
Banks, banking, and financial institutions;
Control of the prices of commodities, rents, and services;
Deposit insurance;
Economic stabilization and defense production;
Export and foreign trade promotion;
Export controls;
Federal monetary policy, including the 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);
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]
^"Rules Of The Senate | U.S. Senate Committee on Rules & Administration". www.rules.senate.gov.
^ ab"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.
^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.
^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
^"U.S. Senate: Committee on Banking, Housing, and Urban Affairs". www.senate.gov. Retrieved January 7, 2017.
External linksedit
U.S. Senate Committee on Banking, Housing, and Urban Affairs (Archive)
Senate Banking, Housing, and Urban Affairs Committee. Legislation activity and reports, Congress.gov.
January 01, 1970
united, states, senate, committee, banking, housing, urban, affairs, formerly, committee, banking, currency, also, known, senate, banking, committee, jurisdiction, over, matters, related, banks, banking, price, controls, deposit, insurance, export, promotion, . 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 Senate Banking Housing and Urban Affairs CommitteeStanding committeeActive United States Senate118th CongressHistoryFormed1913Formerly known asCommittee on Banking and CurrencyLeadershipChairSherrod Brown D Since February 3 2021Ranking memberTim Scott R Since January 3 2023StructureSeats23 membersPolitical partiesMajority 12 Democratic 11 Independent 1 Minority 11 Republican 11 JurisdictionPolicy areasBanking insurance price controls deposit insurance monetary policy financial assistance currency coinage housing urban development mass transitSubcommitteesEconomic PolicyFinancial Institutions and Consumer ProtectionHousing Transportation and Community DevelopmentNational Security and International Trade and FinanceSecurities Insurance and InvestmentMeeting place534 Dirksen Senate Office BuildingWashington D C Websitewww wbr banking wbr senate wbr gov The current chair of the committee is Democrat Sherrod Brown of Ohio and the Ranking Member is Republican Tim Scott of South Carolina Contents 1 History 2 Jurisdiction 3 Members 118th Congress 4 Subcommittees 5 Chairs 5 1 Committee on Banking and Currency 1913 1970 5 2 Committee on Banking Housing and Urban Affairs 1970 present 6 Historical membership rosters 6 1 117th Congress 6 2 116th Congress 6 3 115th Congress 6 4 114th Congress 6 5 113th Congress 7 See also 8 References 9 External linksHistory editThe 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 editIn 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 Banks banking and financial institutions Control of the prices of commodities rents and services Deposit insurance Economic stabilization and defense production Export and foreign trade promotion Export controls Federal monetary policy including the 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 118th Congress editMain article 118th United States Congress Majority 5 Minority 6 Sherrod Brown Ohio Chairman Jack Reed Rhode Island Bob Menendez New Jersey Jon Tester Montana Mark Warner Virginia Elizabeth Warren Massachusetts Chris Van Hollen Maryland Catherine Cortez Masto Nevada Tina Smith Minnesota Kyrsten Sinema Arizona until October 17 2023 7 Raphael Warnock Georgia John Fetterman Pennsylvania Laphonza Butler California from October 17 2023 8 Tim Scott South Carolina Ranking Member Mike Crapo Idaho Mike Rounds South Dakota Thom Tillis North Carolina John Kennedy Louisiana Bill Hagerty Tennessee Cynthia Lummis Wyoming J D Vance Ohio Katie Britt Alabama Kevin Cramer North Dakota Steve Daines MontanaSubcommittees editSubcommittee Chair Ranking Member Economic Policy Elizabeth Warren D MA John Kennedy R LA Financial Institutions and Consumer Protection Raphael Warnock D GA Thom Tillis R NC Housing Transportation and Community Development Tina Smith D MN Cynthia Lummis R WY National Security and International Trade and Finance Mark Warner D VA Bill Hagerty R TN Securities Insurance and Investment Bob Menendez D NJ Mike Rounds R SD Chairs editCommittee on Banking and Currency 1913 1970 edit Chair 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 9 Robert F Wagner Democratic New York 1937 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 1967 1970 Committee on Banking Housing and Urban Affairs 1970 present edit Chair 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 M D Amato Republican New York 1995 1999 Phil Gramm Republican Texas 1999 2001 Paul Sarbanes Democratic Maryland 2001 10 Phil Gramm Republican Texas 2001 Paul Sarbanes Democratic Maryland 2001 2003 11 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 2021 Sherrod Brown Democratic Ohio 2021 presentHistorical membership rosters edit117th Congress edit Main article 117th United States Congress Majority Minority Sherrod Brown Ohio Chairman Jack Reed Rhode Island Bob Menendez New Jersey Jon Tester Montana Mark Warner Virginia Elizabeth Warren Massachusetts Chris Van Hollen Maryland Catherine Cortez Masto Nevada Tina Smith Minnesota Kyrsten Sinema Arizona Jon Ossoff Georgia Raphael Warnock Georgia Pat Toomey Pennsylvania Ranking Member Richard Shelby Alabama Mike Crapo Idaho Tim Scott South Carolina Mike Rounds South Dakota Thom Tillis North Carolina John Kennedy Louisiana Bill Hagerty Tennessee Cynthia Lummis Wyoming Jerry Moran Kansas Kevin Cramer North Dakota Steve Daines Montana Subcommittees Subcommittee Chair Ranking Member Economic Policy Elizabeth Warren D MA John Kennedy R LA Financial Institutions and Consumer Protection Raphael Warnock D GA Thom Tillis R NC Housing Transportation and Community Development Tina Smith D MN Mike Rounds R SD National Security and International Trade and Finance Mark Warner D VA Bill Hagerty R TN Securities Insurance and Investment Bob Menendez D NJ Tim Scott R SC 116th Congress edit Main article 116th United States 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 Thom Tillis North Carolina John Kennedy Louisiana Martha McSally Arizona until December 2 2020 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 Subcommittees Subcommittee Chair Ranking Member Economic Policy Tom Cotton R AR Catherine Cortez Masto D NV Financial Institutions and Consumer Protection Tim Scott R SC Elizabeth Warren D MA Housing Transportation and Community Development David Perdue R GA Bob Menendez D NJ 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 115th Congress edit 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 Kennedy Louisiana 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 Subcommittees Subcommittee Chair Ranking Member Economic Policy Tom Cotton R AR Heidi Heitkamp D ND Financial Institutions and Consumer Protection Pat Toomey R PA Elizabeth Warren D MA Housing Transportation and Community Development Tim Scott R SC Bob Menendez D NJ National Security and International Trade and Finance Ben Sasse R NE Joe Donnelly D IN Securities Insurance and Investment Dean Heller D NV Mark Warner D VA Source 12 114th Congress edit Majority Minority Richard Shelby Alabama Chair Mike Crapo Idaho Bob Corker Tennessee David Vitter Louisiana Pat Toomey Pennsylvania Mark Kirk Illinois Dean Heller Nevada Tim Scott South Carolina Ben Sasse Nebraska Tom Cotton Arkansas Mike Rounds South Dakota Jerry Moran Kansas Sherrod Brown Ohio Ranking Member Jack Reed Rhode Island Bob Menendez New Jersey Jon Tester Montana Mark Warner Virginia Jeff Merkley Oregon Elizabeth Warren Massachusetts Heidi Heitkamp North Dakota Joe Donnelly Indiana Subcommittees Subcommittee Chair Ranking Member Economic Policy Dean Heller R NV Elizabeth Warren D MA Financial Institutions and Consumer Protection Pat Toomey R PA Jeff Merkley D OR Housing Transportation and Community Development Tim Scott R SC Bob Menendez D NJ National Security and International Trade and Finance Mark Kirk R IL Heidi Heitkamp D ND Securities Insurance and Investment Mike Crapo R ID Mark Warner D VA 113th Congress edit Majority Minority Tim Johnson South Dakota Chair Jack Reed Rhode Island Chuck Schumer New York Bob Menendez New Jersey Sherrod Brown Ohio Jon Tester Montana Mark Warner Virginia Jeff Merkley Oregon Kay Hagan North Carolina Joe Manchin West Virginia Elizabeth Warren Massachusetts Heidi Heitkamp North Dakota Mike Crapo Idaho Ranking Member Richard Shelby Alabama Bob Corker Tennessee David Vitter Louisiana Mike Johanns Nebraska Pat Toomey Pennsylvania Mark Kirk Illinois Jerry Moran Kansas Tom Coburn Oklahoma Dean Heller Nevada Subcommittee Chair Ranking Member Economic Policy Jeff Merkley D OR Dean Heller R NV Financial Institutions and Consumer Protection Sherrod Brown D OH Pat Toomey R PA Housing Transportation and Community Development Bob Menendez D NJ Jerry Moran R KS National Security and International Trade and Finance Mark Warner D VA Mark Kirk R IL Securities Insurance and Investment Jon Tester D MT Mike Johanns R NE See also editList 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 97811017609167References edit User Clip Senate Banking Hearing 2 26 19 C SPAN org www c span org User Clip FED Powell before Senate Banking committee 2 26 2019 C SPAN org www c span org Rules Of The Senate U S Senate Committee on Rules amp Administration www rules senate gov a b Jurisdiction United States Committee on Banking Housing and Urban Affairs Retrieved May 31 2019 nbsp This article incorporates text from this source which is in the public domain S Res 30 118th Congress S Res 31 118th Congress Kyrsten Sinema is an independent but caucuses with the Democrats Majority Leader Schumer Announces New Senate Democratic Committee Assignments Senate Democrats October 17 2023 Retrieved October 18 2023 Died June 17 1936 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 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 U S Senate Committee on Banking Housing and Urban Affairs www senate gov Retrieved January 7 2017 External links editU S Senate Committee on Banking Housing and Urban Affairs Archive Senate Banking Housing and Urban Affairs Committee Legislation activity and reports Congress gov Retrieved from https en wikipedia org w index php title United States Senate Committee on Banking Housing and Urban Affairs amp oldid 1201510412, wikipedia, wiki, book, books, library,
