United States Senate Banking Subcommittee On Securities And Consumer Credit
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United States Senate Banking Subcommittee On Securities And Consumer Credit
The Senate Banking Subcommittee on Securities, Insurance, and Investment is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs. Jurisdiction The Subcommittee on Securities, Insurance, and Investment oversees issues related to securities, annuities, and other financial investments. This includes the Securities Exchange Commission, the Securities Investor Protection Corporation (SIPC), and the Commodity Futures Trading Commission. The subcommittee also is responsible for oversight of government-issued securities, financial exchanges and markets, financial derivatives, accounting standards, and insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge .... Members, 117th Congress External linksU.S. Senate Committee on Banking, Housing, and ...
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United States Senate Committee On Banking, Housing, And Urban Affairs
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. The current chair of the committee is Democrat Sherrod Brown of Ohio, and the Ranking Member is Republican Pat Toomey of Pennsylvania. 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 ...
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Tina Smith
Christine Elizabeth Smith (née Flint, born March 4, 1958) is an American politician, retired Democratic political consultant, and former businesswoman serving as the junior United States senator from Minnesota since 2018. She is a member of the Minnesota Democratic–Farmer–Labor Party ( DFL), an affiliate of the Democratic Party. Born in Albuquerque, New Mexico, Smith moved to Minnesota in the 1980s to work for General Mills and later became the vice president of Planned Parenthood of Minnesota. She then began a career as a political consultant and organizer for Democratic candidates. Smith managed Ted Mondale's unsuccessful bid for governor of Minnesota in 1998 and Walter Mondale's unsuccessful last-minute campaign in the 2002 United States Senate election in Minnesota after incumbent senator Paul Wellstone died in a plane crash 11 days before the election. After Mondale lost, Smith served as chief of staff to Mayor of Minneapolis R. T. Rybak. She then helped run Mark ...
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Sherrod Brown
Sherrod Campbell Brown (; born November 9, 1952) is an American politician serving as the senior United States senator from Ohio, a seat which he has held since 2007. A member of the Democratic Party, he was the U.S. representative for Ohio's 13th congressional district from 1993 to 2007 and the 47th secretary of state of Ohio from 1983 to 1991. He started his political career in 1975 as an Ohio state representative. Brown defeated two-term Republican incumbent Mike DeWine in the 2006 U.S. Senate election and was reelected in 2012, defeating state treasurer Josh Mandel, and in 2018, defeating U.S. representative Jim Renacci. In the Senate, he was chair of the Agriculture Subcommittee on Hunger, Nutrition and Family Farms and the Banking Subcommittee on Economic Policy, and is also a member of the Committee on Finance, the Committee on Veterans' Affairs, and Select Committee on Ethics. At the start of the 114th Congress in January 2015, Brown became the ranking Demo ...
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Jerry Moran
Gerald Wesley Moran ( ; born May 29, 1954) is an American lawyer and politician who is the senior United States senator from Kansas, a seat he has held since 2011. A member of the Republican Party, he was chair of the National Republican Senatorial Committee for the 113th U.S. Congress, during which he led successful Republican efforts in the 2014 election, producing the first Republican Senate majority since 2006. Previously, he was a member of the United States House of Representatives, representing . Raised in Plainville, Kansas, Moran graduated from the University of Kansas and the University of Kansas School of Law. He worked in private law and was the state special assistant attorney general (1982–85) and deputy attorney of Rooks County (1987–95). He served in the Kansas Senate from 1989 to 1997 and was majority leader for his last two years. He was elected to the House of Representatives in 1996 and spent seven terms there with little electoral opposition. He was ...
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Cynthia Lummis
Cynthia Marie Lummis Wiederspahn ( ; born September 10, 1954) is an American attorney and politician serving as the junior United States senator from Wyoming since 2021. A member of the Republican Party, Lummis served as the U.S representative for Wyoming's at-large congressional district from 2009 to 2017. She served in the Wyoming House of Representatives from 1979 to 1983 and from 1985 to 1993, in the Wyoming Senate from 1993 to 1995, and as the Wyoming State Treasurer from 1999 to 2007. Lummis was elected treasurer of Wyoming in 1998 and reelected without opposition in 2002. She chaired Mary Mead's gubernatorial campaign in 1990 and Ray Hunkins's gubernatorial campaign in 2006. She also served on Bob Dole's presidential steering committee in Wyoming and chaired Mitt Romney's 2012 presidential campaign in Wyoming. Lummis unsuccessfully sought to be appointed to replace Senator Craig L. Thomas in 2007. She was elected to succeed Barbara Cubin in the U.S. House of Repres ...
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John Kennedy (Louisiana Politician)
John Neely Kennedy (born November 21, 1951) is an American lawyer and politician who has served as the junior United States senator from Louisiana since 2017. He served as the Louisiana State Treasurer from 2000 to 2017. Kennedy has been a member of the Republican Party since 2007; he was a Democrat from 1988 to 2007. Born in Centreville, Mississippi, Kennedy graduated from Vanderbilt University and the University of Virginia School of Law before attending Magdalen College, Oxford. He was a member of Governor Buddy Roemer's staff before running for state attorney general in the 1991 election. In 1999, he was elected state treasurer; he was reelected to that position in 2003, 2007, 2011, and 2015. Kennedy was an unsuccessful candidate for U.S. Senate in 2004 and 2008. In 2007, he switched parties and became a Republican. In 2016, when U.S. Senator David Vitter opted not to seek reelection, Kennedy ran for Senate again. He finished first in the November nonpartisan b ...
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Thom Tillis
Thomas Roland Tillis (born August 30, 1960) is an American politician serving as the junior United States senator from North Carolina since 2015. A Republican, he was elected to the North Carolina House of Representatives in 2006, and began serving as the speaker in 2011. He was elected to the United States Senate in 2014, defeating Democratic incumbent Kay Hagan, and reelected in 2020, defeating Democratic nominee Cal Cunningham. As speaker of the North Carolina House of Representatives, Tillis led the Republican effort to block the expansion of Medicaid and worked to introduce restrictions on abortion, stringent voting requirements, and a constitutional amendment banning same-sex marriage. In the Senate, he has sought to roll back and repeal the Affordable Care Act, proposed a 15-year pathway to citizenship for some undocumented youth as a more conservative alternative to the bipartisan DREAM Act, and voted for the Bipartisan Safer Communities Act, which provided state ...
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Mike Rounds
Marion Michael Rounds (born October 24, 1954) is an American businessman and politician serving as the junior United States senator from South Dakota since 2015. A member of the Republican Party, he served as the 31st governor of South Dakota from 2003 to 2011, and in the South Dakota Senate from 1991 to 2001. In 2014, Rounds was elected to the United States Senate, succeeding retiring Democrat Tim Johnson. He was reelected in 2020 over Democratic nominee Dan Ahlers. Early life, education, and business career The eldest of 11 children, Rounds was born in Huron, South Dakota, the son of Joyce (née Reinartz) and Don Rounds. He has German, Belgian, Swedish and English ancestry. Rounds has lived in the state capital of Pierre since he was three years old. He was named for an uncle, Marion Rounds, who was killed in the Pacific theater during World War II. Several members of the Rounds family have been involved in state government. His father worked at various times as state d ...
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Mike Crapo
Michael Dean Crapo ( ; born May 20, 1951) is an American lawyer and politician serving as the senior United States senator from Idaho, a seat he has held since 1999. A member of the Republican Party, Crapo previously served as the U.S. representative for Idaho's 2nd congressional district from 1993 to 1999. Born in Idaho Falls, Crapo is a graduate of Brigham Young University and Harvard Law School. He practiced law in his home city throughout the 1980s, while also maintaining an active role in local Republican politics. His brother Terry Crapo was majority leader in the Idaho House of Representatives from 1968 to 1972 and an influential political figure until his death from leukemia in 1982. After his brother's death, Crapo was elected to the Idaho Senate in 1984. He served as Senate president pro tempore from 1988 to 1992. Crapo was elected to an open seat in Congress in 1992, representing Idaho's 2nd congressional district in the House of Representatives. After thr ...
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Richard Shelby
Richard Craig Shelby (born May 6, 1934) is an American lawyer and politician serving as the senior United States senator from Alabama. First elected to the U.S. Senate in 1986 as a Democrat who later switched to the Republican Party in 1994, he chaired the Senate Appropriations Committee from 2018 to 2021. He previously chaired the Senate Intelligence Committee, the Senate Banking Committee, and the Senate Rules Committee. He is the longest-serving U.S. senator from Alabama, surpassing John Sparkman's record in March 2019. Born in Birmingham, Alabama, Shelby received his law degree from the Birmingham School of Law in 1961. He went on to serve as city prosecutor from 1963 to 1971. During this period he worked as a U.S. magistrate for the Northern District of Alabama (1966–1970) and Special Assistant Attorney General of Alabama (1969–1971). He won a seat in the Alabama Senate in 1970. In 1978, he was elected from the 7th district to the United States House of Repre ...
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Tim Scott
Timothy Eugene Scott (born September 19, 1965) is an American businessman and politician serving as the junior United States senator from South Carolina since 2013. A member of the Republican Party, Scott was appointed to the U.S. Senate by Governor Nikki Haley in 2013. He retained his seat after winning a special election in 2014, and was elected to full terms in 2016 and 2022. Before his election to the Senate, Scott was elected to the United States House of Representatives for , serving from 2011 to 2013. Before that, he served one term (from 2009 to 2011) in the South Carolina General Assembly and served on the Charleston County council from 1995 to 2009. Scott is one of 11 African-Americans to have served in the U.S. Senate, and the first to have served in both chambers of Congress. He is the seventh African-American elected to the Senate and the fourth from the Republican Party. He is the first African-American senator from South Carolina, the first African-American ...
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Raphael Warnock
Raphael Gamaliel Warnock ( ; born July 23, 1969) is an American Baptist pastor and politician serving as the Seniority in the United States Senate, junior United States Senate, United States senator from Georgia (U.S. state), Georgia since 2021. A member of the Democratic Party (United States), Democratic Party, he assumed office on January 20, 2021. Since 2005, Warnock has been the senior pastor of Atlanta's Ebenezer Baptist Church (Atlanta, Georgia), Ebenezer Baptist Church. He was the senior pastor of Madison Avenue Methodist Episcopal Church, Douglas Memorial Community Church until 2005. Warnock came to prominence in Georgia politics as a leading Activism, activist in the campaign to Medicaid coverage gap, expand Medicaid in the state under the Affordable Care Act. On January 30, 2020, Warnock announced his candidacy in 2020–21 United States Senate special election in Georgia, Georgia's 2020 United States Senate special election, seeking to unseat incumbent Republican Par ...
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