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Financial Services Committee hearing on Madoff December 9, 2009 Part 11
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NPC Newsmaker: Barney Frank
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It
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Meeting of the House Financial Services Committee

The United States House Committee on Financial Services (also referred to as the House Banking Committee) is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking, and housing industries. The Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission, and other financial services regulators. It is chaired by Jeb Hensarling (R-TX) and the ranking Democrat is Maxine Waters (D-CA).

History[edit]

The committee was once known as the Committee on Banking and Currency. The Banking and Currency Committee was created in 1865 to take over responsibilities previously handled by the Ways and Means Committee. It continued to function under this name until 1968, when it assumed the current name.[1]

Members[edit]

114th Congress[edit]

Majority Minority

Sources: H.Res. 6 (Chairs), H.Res. 7 (D), H.Res. 17 (R) and H.Res. 22 (D).

112th Congress[edit]

Majority Minority

Source:

Subcommittees[edit]

The Financial Services Committee operates with five subcommittees. The jurisdiction over insurance was transferred in 2001 to the then-House Banking and Financial Services Committee from the House Energy and Commerce Committee. Since that time it had been the purview of the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. But "with plans to reform Fannie Mae and Freddie Mac expected to take up much of that panel's agenda, insurance instead [was] moved to a new Subcommittee on Insurance, Housing and Community Opportunity [as of the 112th Congress]."[4]

Subcommittee Chair Ranking Member
Capital Markets and Government-Sponsored Enterprises Scott Garrett (R-NJ) Carolyn Maloney (D-NY)
Financial Institutions and Consumer Credit Randy Neugebauer (R-TX) Wm. Lacy Clay (D-MO)
Housing and Insurance Blaine Luetkemeyer (R-TX) Emmanuel Cleaver (D-MO)
Monetary Policy and Trade Bill Huizenga (R-MI) Gwen Moore (D-WI)
Oversight and Investigations Sean Duffy (R-WI) Al Green (D-TX)

Chairmen[edit]

Chairman Party State Years
Theodore M. Pomeroy Republican New York 1865–1869
James A. Garfield Republican Ohio 1869–1871
Samuel Hooper Republican Massachusetts 1871–1873
Horace Maynard Republican Tennessee 1873–1875
Samuel S. Cox Democratic New York 1875–1877
Aylett Hawes Buckner Democratic Missouri 1877–1881
William W. Crapo Republican Massachusetts 1881–1883
Aylett Hawes Buckner Democratic Missouri 1883–1885
Andrew Gregg Curtin Democratic Pennsylvania 1885–1887
Beriah Wilkins Democratic Ohio 1887–1889
George W. E. Dorsey Republican Nebraska 1889–1891
Henry Bacon Democratic New York 1891–1893
William McK. Springer Democratic Illinois 1893–1895
Joseph H. Walker Republican Massachusetts 1895–1899
Marriott Henry Brosius Republican Pennsylvania 1899–1901
Charles N. Fowler Republican New Jersey 1901–1909
Edward B. Vreeland Republican New York 1909–1911
Arsène Pujo Democratic Louisiana 1911–1913
Carter Glass Democratic Virginia 1913–1918
Michael Francis Phelan Democratic Massachusetts 1918–1919
Edmund Platt Republican New York 1919–1920
Louis Thomas McFadden Republican Pennsylvania 1920–1931
Henry B. Steagall Democratic Alabama 1931–1943
Brent Spence Democratic Kentucky 1943–1947
Jesse P. Wolcott Republican Michigan 1947–1949
Brent Spence Democratic Kentucky 1949–1953
Jesse P. Wolcott Republican Michigan 1953–1955
Brent Spence Democratic Kentucky 1955–1963
Wright Patman Democratic Texas 1963–1975
Henry S. Reuss Democratic Wisconsin 1975–1981
Fernand St. Germain Democratic Rhode Island 1981–1989
Henry B. Gonzalez Democratic Texas 1989–1995
Jim Leach Republican Iowa 1995–2001
Mike Oxley Republican Ohio 2001–2007
Barney Frank Democratic Massachusetts 2007–2011
Spencer Bachus Republican Alabama 2011–2013
Jeb Hensarling Republican Texas 2013–present

See also[edit]

References[edit]

  1. ^ "Chapter 5. Records of the Banking and Currency Committees". Guide to the Records of the U.S. House of Representatives at the National Archives, 1789-1989 (Record Group 233). National Archives and Records Administration. Retrieved 26 November 2010. 
  2. ^ H.Res. 6
  3. ^ H.Res. 751, August 1, 2012
  4. ^ Lehmann, R.J. (2011-01-20). "Insurance gets top billing on new House subcommittee". SNL Financial. Archived from the original on 2011-01-27. Retrieved 2011-01-27. 

External links[edit]

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