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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

The current chair of the committee is Republican Tim Scott of South Carolina, and the Ranking Member is Democrat Elizabeth Warren of Massachusetts.

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 with 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:

1. Banks, banking, and financial institutions;
2. Control of the prices of commodities, rents, and services;
3. Deposit insurance;
4. Economic stabilization and defense production;
5. Export and foreign trade promotion;
6. Export controls;
7. Federal monetary policy, including the Federal Reserve System;
8. Financial aid to commerce and industry;
9. Issuance and redemption of notes;
10. Money and credit, including currency and coinage;
11. Nursing home construction;
12. Public and private housing (including veterans' housing);
13. Renegotiation of Government contracts; and,
14. Urban development and urban mass transit.<ref name="Committee2">{{#invoke:citation/CS1|citation

|CitationClass=web }} Template:PD-notice</ref>

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."<ref name="Committee2"/>

Members, 119th Congress

{{#invoke:Labelled list hatnote|labelledList|Main article|Main articles|Main page|Main pages}}

Majority<ref>Template:USBill (119th Congress)</ref>	Minority<ref>Template:USBill (119th Congress)</ref>
Template:Party shading/Republican valign=top | Tim Scott, South Carolina, Chair Mike Crapo, Idaho Mike Rounds, South Dakota Thom Tillis, North Carolina John Kennedy, Louisiana Bill Hagerty, Tennessee Cynthia Lummis, Wyoming Katie Britt, Alabama Pete Ricketts, Nebraska Jim Banks, Indiana Kevin Cramer, North Dakota Bernie Moreno, Ohio Dave McCormick, Pennsylvania	Template:Party shading/Democratic valign=top | Elizabeth Warren, Massachusetts, Ranking Member Jack Reed, Rhode Island Mark Warner, Virginia Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Tina Smith, Minnesota Raphael Warnock, Georgia Andy Kim, New Jersey Ruben Gallego, Arizona Lisa Blunt Rochester, Delaware Angela Alsobrooks, Maryland

Subcommittees

citation	CitationClass=web }}</ref>	Chair	Ranking Member
Economic Policy	John Kennedy (R-LA)	Raphael Warnock (D-GA)
Financial Institutions and Consumer Protection	Thom Tillis (R-NC)	Catherine Cortez Masto (D-NV)
Housing, Transportation, and Community Development	Katie Britt (R-AL)	Tina Smith (D-MN)
National Security and International Trade and Finance	Bill Hagerty (R-TN)	Andy Kim (D-NJ)
Securities, Insurance, and Investment	Mike Rounds (R-SD)	Mark Warner (D-VA)
Digital Assets	Cynthia Lummis (R-WY)	Ruben Gallego (D-AZ)

Chairs

Committee on Banking and Currency, 1913–1970

Chair		Party	State	Years
Template:Party color cell	Robert L. Owen	Democratic	Oklahoma	1913–1919
Template:Party color cell	George P. McLean	Republican	Connecticut	1919–1927
Template:Party color cell	Peter Norbeck	Republican	South Dakota	1927–1933
Template:Party color cell	Duncan U. Fletcher	Democratic	Florida	1933–1936<ref>Died June 17, 1936</ref>
Template:Party color cell	Robert F. Wagner	Democratic	New York	1937–1947
Template:Party color cell	Charles W. Tobey	Republican	New Hampshire	1947–1949
Template:Party color cell	Burnet R. Maybank	Democratic	South Carolina	1949–1953
Template:Party color cell	Homer Capehart	Republican	Indiana	1953–1955
Template:Party color cell	J. William Fulbright	Democratic	Arkansas	1955–1959
Template:Party color cell	A. Willis Robertson	Democratic	Virginia	1959–1966
Template:Party color cell	John J. Sparkman	Democratic	Alabama	1967–1970

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

Chair		Party	State	Years
Template:Party color cell	John J. Sparkman	Democratic	Alabama	1970–1975
Template:Party color cell	William Proxmire	Democratic	Wisconsin	1975–1981
Template:Party color cell	Jake Garn	Republican	Utah	1981–1987
Template:Party color cell	William Proxmire	Democratic	Wisconsin	1987–1989
Template:Party color cell	Donald Riegle	Democratic	Michigan	1989–1995
Template:Party color cell	Alfonse M. D'Amato	Republican	New York	1995–1999
Template:Party color cell	Phil Gramm	Republican	Texas	1999–2001
Template:Party color cell	Paul Sarbanes	Democratic	Maryland	2001<ref>At the beginning of the 107th Congress in January 2001 the Senate was evenly divided. With a Democratic president and vice president still serving until January 20, the Democratic vice president was available to break a tie, and the Democrats thus controlled the Senate for 17 days, from January 3 to January 20. On January 3 the Senate adopted S. Res. 7 designating Democratic senators as committee chairmen to serve during this period and Republican chairmen to serve effective at noon on January 20, 2001.</ref>
Template:Party color cell	Phil Gramm	Republican	Texas	2001
Template:Party color cell	Paul Sarbanes	Democratic	Maryland	2001–2003<ref>5 On June 6, 2001, the Democrats took control of the Senate after Senator James Jeffords (VT) changed from the Republican Party to Independent and announced that he would caucus with the Democrats</ref>
Template:Party color cell	Richard Shelby	Republican	Alabama	2003–2007
Template:Party color cell	Chris Dodd	Democratic	Connecticut	2007–2011
Template:Party color cell	Tim Johnson	Democratic	South Dakota	2011–2015
Template:Party color cell	Richard Shelby	Republican	Alabama	2015–2017
Template:Party color cell	Mike Crapo	Republican	Idaho	2017–2021
Template:Party color cell	Sherrod Brown	Democratic	Ohio	2021–2025
Template:Party color cell	Tim Scott	Republican	South Carolina	2025–present

Historical membership rosters

{{#invoke:Labelled list hatnote|labelledList|Main article|Main articles|Main page|Main pages}}

Majority<ref>Template:USBill (118th Congress)</ref>	Minority<ref>Template:USBill (118th Congress)</ref>
Template:Party shading/Democratic valign=top | Sherrod Brown, Ohio, Chairman Jack Reed, Rhode Island Bob Menendez, New Jersey (until August 20, 2024) Jon Tester, Montana Mark Warner, Virginia Elizabeth Warren, Massachusetts Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Tina Smith, Minnesota Kyrsten Sinema, Arizona (until October 17, 2023)<ref>Kyrsten Sinema is an independent but caucuses with the Democrats.</ref> Raphael Warnock, Georgia John Fetterman, Pennsylvania Laphonza Butler, California (from October 17, 2023)<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref> George Helmy, New Jersey (from September 11, 2024)	Template:Party shading/Republican valign=top | Tim Scott, South Carolina, Ranking Member Mike Crapo, Idaho Mike Rounds, South Dakota Thom Tillis, North Carolina John Kennedy, Louisiana Bill Hagerty, Tennessee Cynthia Lummis, Wyoming JD Vance, Ohio Katie Britt, Alabama Kevin Cramer, North Dakota Steve Daines, Montana

Subcommittees

Subcommittee	Chair	Ranking Member
Economic Policy	Elizabeth Warren (D-MA)	John Kennedy (R-LA)
Financial Institutions and Consumer Protection	Raphael Warnock (D-GA)	Thom Tillis (R-NC)
Housing, Transportation, and Community Development	Tina Smith (D-MN)	Cynthia Lummis (R-WY)
National Security and International Trade and Finance	Mark Warner (D-VA)	Bill Hagerty (R-TN)
Securities, Insurance, and Investment	George Helmy (D-NJ)	Mike Rounds (R-SD)

117th Congress

{{#invoke:Labelled list hatnote|labelledList|Main article|Main articles|Main page|Main pages}}

Majority	Minority
Template:Party shading/Democratic valign=top | Sherrod Brown, Ohio, Chairman Jack Reed, Rhode Island Bob Menendez, New Jersey Jon Tester, Montana Mark Warner, Virginia Elizabeth Warren, Massachusetts Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Tina Smith, Minnesota Kyrsten Sinema, Arizona Jon Ossoff, Georgia Raphael Warnock, Georgia	Template:Party shading/Republican valign=top | Pat Toomey, Pennsylvania, Ranking Member Richard Shelby, Alabama Mike Crapo, Idaho Tim Scott, South Carolina Mike Rounds, South Dakota Thom Tillis, North Carolina John Kennedy, Louisiana Bill Hagerty, Tennessee Cynthia Lummis, Wyoming Jerry Moran, Kansas Kevin Cramer, North Dakota Steve Daines, Montana

Subcommittees

Subcommittee	Chair	Ranking Member
Economic Policy	Elizabeth Warren (D-MA)	John Kennedy (R-LA)
Financial Institutions and Consumer Protection	Raphael Warnock (D-GA)	Thom Tillis (R-NC)
Housing, Transportation, and Community Development	Tina Smith (D-MN)	Mike Rounds (R-SD)
National Security and International Trade and Finance	Mark Warner (D-VA)	Bill Hagerty (R-TN)
Securities, Insurance, and Investment	Bob Menendez (D-NJ)	Tim Scott (R-SC)

116th Congress

{{#invoke:Labelled list hatnote|labelledList|Main article|Main articles|Main page|Main pages}}

Majority	Minority
Template:Party shading/Republican valign=top | Mike Crapo, Idaho, Chairman Richard Shelby, Alabama Pat Toomey, Pennsylvania Tim Scott, South Carolina Ben Sasse, Nebraska Tom Cotton, Arkansas Mike Rounds, South Dakota Thom Tillis, North Carolina John Kennedy, Louisiana Martha McSally, Arizona (until December 2, 2020) Jerry Moran, Kansas Kevin Cramer, North Dakota	Template:Party shading/Democratic valign=top | Sherrod Brown, Ohio, Ranking Member Jack Reed, Rhode Island Bob Menendez, New Jersey Jon Tester, Montana Mark Warner, Virginia Elizabeth Warren, Massachusetts Brian Schatz, Hawaii Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Doug Jones, Alabama Tina Smith, Minnesota Kyrsten Sinema, Arizona

Subcommittees

Subcommittee	Chair	Ranking Member
Economic Policy	Tom Cotton (R-AR)	Catherine Cortez Masto (D-NV)
Financial Institutions and Consumer Protection	Tim Scott (R-SC)	Elizabeth Warren (D-MA)
Housing, Transportation, and Community Development	David Perdue (R-GA)	Bob Menendez (D-NJ)
National Security and International Trade and Finance	Ben Sasse (R-NE)	Mark Warner (D-VA)
Securities, Insurance, and Investment	Pat Toomey (R-PA)	Chris Van Hollen (D-MD)

115th Congress

Majority	Minority
Template:Party shading/Republican valign=top | Mike Crapo, Idaho, Chair Richard Shelby, Alabama Bob Corker, Tennessee Pat Toomey, Pennsylvania Dean Heller, Nevada Tim Scott, South Carolina Ben Sasse, Nebraska Tom Cotton, Arkansas Mike Rounds, South Dakota David Perdue, Georgia Thom Tillis, North Carolina John Kennedy, Louisiana	Template:Party shading/Democratic valign=top | Sherrod Brown, Ohio, Ranking Member Jack Reed, Rhode Island Bob Menendez, New Jersey Jon Tester, Montana Mark Warner, Virginia Elizabeth Warren, Massachusetts Heidi Heitkamp, North Dakota Joe Donnelly, Indiana Brian Schatz, Hawaii Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada

Subcommittees

Subcommittee	Chair	Ranking Member
Economic Policy	Tom Cotton (R-AR)	Heidi Heitkamp (D-ND)
Financial Institutions and Consumer Protection	Pat Toomey (R-PA)	Elizabeth Warren (D-MA)
Housing, Transportation, and Community Development	Tim Scott (R-SC)	Bob Menendez (D-NJ)
National Security and International Trade and Finance	Ben Sasse (R-NE)	Joe Donnelly (D-IN)
Securities, Insurance, and Investment	Dean Heller (D-NV)	Mark Warner (D-VA)

Source<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

114th Congress

Majority	Minority
Template:Party shading/Republican valign="top" | Richard Shelby, Alabama, Chair Mike Crapo, Idaho Bob Corker, Tennessee David Vitter, Louisiana Pat Toomey, Pennsylvania Mark Kirk, Illinois Dean Heller, Nevada Tim Scott, South Carolina Ben Sasse, Nebraska Tom Cotton, Arkansas Mike Rounds, South Dakota Jerry Moran, Kansas	Template:Party shading/Democratic valign="top" | Sherrod Brown, Ohio, Ranking Member Jack Reed, Rhode Island Chuck Schumer, New York Bob Menendez, New Jersey Jon Tester, Montana Mark Warner, Virginia Jeff Merkley, Oregon Elizabeth Warren, Massachusetts Heidi Heitkamp, North Dakota Joe Donnelly, Indiana

Subcommittees

Subcommittee	Chair	Ranking Member
Economic Policy	Dean Heller (R-NV)	Elizabeth Warren (D-MA)
Financial Institutions and Consumer Protection	Pat Toomey (R-PA)	Jeff Merkley (D-OR)
Housing, Transportation, and Community Development	Tim Scott (R-SC)	Bob Menendez (D-NJ)
National Security and International Trade and Finance	Mark Kirk (R-IL)	Heidi Heitkamp (D-ND)
Securities, Insurance, and Investment	Mike Crapo (R-ID)	Mark Warner (D-VA)

113th Congress

Majority	Minority
Template:Party shading/Democratic valign="top" | Tim Johnson, South Dakota, Chair Jack Reed, Rhode Island Chuck Schumer, New York Bob Menendez, New Jersey Sherrod Brown, Ohio Jon Tester, Montana Mark Warner, Virginia Jeff Merkley, Oregon Kay Hagan, North Carolina Joe Manchin, West Virginia Elizabeth Warren, Massachusetts Heidi Heitkamp, North Dakota	Template:Party shading/Republican valign="top" | Mike Crapo, Idaho, Ranking Member Richard Shelby, Alabama Bob Corker, Tennessee David Vitter, Louisiana Mike Johanns, Nebraska Pat Toomey, Pennsylvania Mark Kirk, Illinois Jerry Moran, Kansas Tom Coburn, Oklahoma Dean Heller, Nevada

Subcommittee	Chair	Ranking Member
Economic Policy	Jeff Merkley (D-OR)	Dean Heller (R-NV)
Financial Institutions and Consumer Protection	Sherrod Brown (D-OH)	Pat Toomey (R-PA)
Housing, Transportation, and Community Development	Bob Menendez (D-NJ)	Jerry Moran (R-KS)
National Security and International Trade and Finance	Mark Warner (D-VA)	Mark Kirk (R-IL)
Securities, Insurance, and Investment	Jon Tester (D-MT)	Mike Johanns (R-NE)

See also

• List of current United States Senate committees
• United States House Committee on Financial Services, the congressional counterpart of this committee
• Pecora Commission, the commission established to investigate the causes of the Wall Street Crash of 1929
• Lavelle, Kathryn C. Money and Banks in the American Political System. NY: Cambridge. 97811017609167

External links

• U.S. Senate Committee on Banking, Housing, and Urban Affairs (Archive)
• Senate Banking, Housing, and Urban Affairs Committee. Legislation activity and reports, Congress.gov.

Template:SenBankingCommitteeChairmen {{#invoke:Navbox|navbox}}