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

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

s and banking, price controls,

deposit insurance Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of ...

export An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ...

promotion and controls, federal

monetary policy Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often a ...

, financial aid to commerce and industry, issuance of redemption of notes,

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general def ...

and coinage, public and private housing,

urban development Urban means "related to a city". In that sense, the term may refer to: * Urban area, geographical area distinct from rural areas * Urban culture, the culture of towns and cities Urban may also refer to: General * Urban (name), a list of people ...

, 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 A committee or commission is a body of one or more persons subordinate to a deliberative assembly. A committee is not itself considered to be a form of assembly. Usually, the assembly sends matters into a committee as a way to explore them more ...

in the

United States Senate The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and pow ...

. The committee was formally established as the "Committee on Banking and Currency" in 1913, when Senator Robert L. Owen of

Oklahoma Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the nor ...

Jurisdiction

In accordance of 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 prices of commodities, rents, and services; # Deposit insurance; # Economic stabilization and defense production; # Export and foreign trade promotion; # Export controls; # Federal monetary policy, including 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. 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."

Members, 117th Congress

Subcommittees

Chairs

Committee on Banking and Currency, 1913–1970

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

Historical membership rosters

116th Congress

;Subcommittees

115th Congress

Subcommittees Source

114th Congress

Subcommittees

113th Congress

References

External links

U.S. Senate Committee on Banking, Housing, and Urban AffairsArchive

Senate Banking, Housing, and Urban Affairs Committee
Legislation activity and reports, Congress.gov. {{DEFAULTSORT:United States Senate Committee On Banking, Housing, And Urban Affairs

Banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

1913 establishments in Washington, D.C. Organizations established in 1913

History

Jurisdiction

Members, 117th Congress

Subcommittees

Chairs

Committee on Banking and Currency, 1913–1970

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

Historical membership rosters

116th Congress

115th Congress

114th Congress

113th Congress

See also

References

External links