The Senate Banking Subcommittee on Economic Policy is one of five subcommittees within the
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, d ...
.
Jurisdiction
The Subcommittee on Economic Policy oversees
economic growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of ...
,
employment and
price stability, 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 ...
, including the policy functions of the
Federal Reserve System
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a ...
; the
Council of Economic Advisers
The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical resea ...
;
money and
credit, including
currency,
coinage
Coinage may refer to:
* Coins, standardized as currency
* Neologism, coinage of a new word
* '' COINage'', numismatics magazine
* Tin coinage, a tax on refined tin
* Protologism
''Protologism'' is a term coined in 2003 by the American literary ...
, and
notes; control of prices of
commodities
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
The price of a co ...
, rents and services; economic stabilization and defense production; the
Defense Production Act
The Defense Production Act of 1950 () is a United States federal law enacted on September 8, 1950 in response to the start of the Korean War.Congressional Research ServiceThe Defense Production Act of 1950: History, Authorities, and Considerati ...
; financial aid to commerce and industry; loan guarantees;
flood insurance
Flood insurance is the specific insurance coverage issued against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands, floodplains and other areas tha ...
; and disaster assistance carried out by the
Federal Emergency Management Agency within the
Department of Homeland Security.
Members, 117th Congress
External links
U.S. Senate Committee on Banking, Housing, and Urban Affairs*Senate Banking Committe
Subcommittee list and membership page
{{United States Senate Banking, Housing, and Urban Affairs Subcommittees
Banking Senate Economic Policy