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United States Senate Banking Subcommittee On Financial Institutions
The Senate Banking Subcommittee on Financial Institutions and Consumer Protection is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs. Jurisdiction The Subcommittee on Financial Institutions oversees banks, savings associations, credit unions and other financial institutions, including deposit insurance, and e-commerce. It also oversees the Federal Home Loan Bank System, regulatory activities of the Federal Reserve System, the Office of the Comptroller of the Currency and the Office of Thrift Supervision within the Treasury Department, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federa ... Members, 117th Congress See also U.S. House Financial ...
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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 of ...
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Catherine Cortez Masto
Catherine Marie Cortez Masto (born March 29, 1964) is an American lawyer and politician serving as the senior United States senator from Nevada, a seat she has held since 2017. A member of the Democratic Party, Cortez Masto served as the 32nd attorney general of Nevada from 2007 to 2015. Cortez Masto graduated from University of Nevada, Reno and Gonzaga University School of Law. She worked four years as a civil attorney in Las Vegas and two years as a criminal prosecutor for the U.S. Attorney's Office in Washington, D.C. before being elected Nevada attorney general in 2006, replacing George Chanos. Reelected in 2010, she was not eligible to run for a third term in 2014 because of lifetime term limits established by the Constitution of Nevada. Cortez Masto narrowly defeated Republican Joe Heck in the 2016 United States Senate election in Nevada to replace outgoing Democratic senator Harry Reid, becoming the first woman elected to represent Nevada in the Senate and the first ...
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Pat Toomey
Patrick Joseph Toomey Jr. (born November 17, 1961) is an American businessman and politician serving as the junior United States senator for Pennsylvania since 2011. A member of the Republican Party, he served three terms as the U.S. representative for , from 1999 to 2005. Of mixed Irish Catholic and Azorean descent, Toomey graduated from Harvard College. A former Wall Street banker, Toomey narrowly lost the Republican primary for United States Senate in 2004. From 2005 to 2009, he served as president of the Club for Growth. Toomey won the Republican primary for the 2010 U.S. Senate election in Pennsylvania, and was elected to the seat after defeating the Democratic nominee, former U.S. Navy three-star admiral and congressman Joe Sestak, in the general election. He was reelected to the Senate in 2016, defeating Democratic nominee Katie McGinty. On October 5, 2020, Toomey announced that he would not run for reelection to a third Senate term in 2022. On February 13, 2021, To ...
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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 Democ ...
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Kevin Cramer
Kevin John Cramer (born January 21, 1961) is an American politician who has served as the junior United States senator for North Dakota since 2019. A member of the Republican Party, he represented North Dakota's at-large congressional district in the United States House of Representatives from 2013 to 2019. Cramer chaired the North Dakota Republican Party from 1991 to 1993 and served as State Tourism Director from 1993 to 1997 and Economic Development Director from 1997 to 2000. He served on the state's Public Service Commission from 2003 to 2012. Early life and education Cramer was born in Rolette, North Dakota, the first of five children of Clarice (Hjelden) and Richard Cramer. He was raised in Kindred, North Dakota, in Cass County, and graduated from Kindred High School. He received a B.A. degree from Concordia College in Moorhead, Minnesota, in 1983. He earned a master's degree in management from the University of Mary in Bismarck, North Dakota, in 2003. Early career ...
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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 Represe ...
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Bill Hagerty
William Francis Hagerty IV (born August 14, 1959) is an American politician, businessman, and former diplomat serving as the junior United States senator from Tennessee since 2021. A member of the Republican Party, he served as the 30th U.S. ambassador to Japan from 2017 to 2019. Hagerty worked as an economic advisor and White House fellow under President George H. W. Bush. He then began a career in private equity. Hagerty is the co-founder of Hagerty Peterson & Company, a private equity investment firm; he is a former managing director of the firm. From 2011 to 2014, Hagerty served as commissioner of the Tennessee Department of Economic and Community Development. He led a successful effort to bring a Major League Soccer franchise to Nashville. President Donald Trump nominated Hagerty to serve as U.S. ambassador to Japan on March 27, 2017; he was confirmed by the U.S. Senate on July 13, 2017, in an 86–12 vote. Hagerty was sworn in as the 30th United States ambassador to Jap ...
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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 dire ...
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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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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 Representat ...
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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 fun ...
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