United States House Committee on Financial Services

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The United States House Committee on Financial Services (or House Banking Committee) 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 Barney Frank (D-MA) and the ranking Republican is Spencer Bachus (R-AL).



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, 111th Congress

Majority Minority
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As Committee on Banking and Currency (1865-1968)

As House Committee on Financial Services (since 2001)


The Financial Services Committee operates with 6 subcommittees. This is an increase from 5 subcommittees in the 110th Congress. The former Domestic and International Monetary Policy, Trade, and Technology Subcommitee has been split into two subcommittees.[4]

Subcommittee Chair Ranking Member
Capital Markets, Insurance, and Government-Sponsored Enterprises Paul Kanjorski (D-PA) Scott Garrett (R-NJ)
Financial Institutions and Consumer Credit Luis Gutierrez (D-IL) Jeb Hensarling (R-TX)
Housing and Community Opportunity Maxine Waters (D-CA) Shelley Moore Capito (R-WV)
Domestic Monetary Policy and Technology Mel Watt (D-NC) Ron Paul (R-TX)
International Monetary Policy and Trade Gregory Meeks (D-NY) Gary Miller (R-CA)
Oversight and Investigations Dennis Moore (D-KS) Judy Biggert (R-IL)

See also

External links




de:United States House Committee on Financial Services

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