United States House Committee on Financial Services

The United States House Committee on Financial Services, also referred to as the House Banking Committee and previously known as the Committee on Banking and Currency, is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries. The Financial Services 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. The House Committee on Financial Services is considered to be one of the House's most powerful committees. It is currently chaired by Republican Patrick McHenry from North Carolina, having assumed office in 2023. He previously served as the committee's Ranking Member. The Ranking Member is Democrat Maxine Waters from California, who previously chaired the committee under a Democrat majority in the House. Jurisdiction Under the rules of the 113th Congress, the Financial Services Committee's jurisdiction includes: Banks and banking, including deposit insurance and Federal monetary policy Economic stabilization, defense production, renegotiation, and control of the price of commodities, rents, and services Financial aid to commerce and industry (other than transportation) Insurance generally International finance International financial and monetary organizations Money and credit, including currency and the issuance of notes and redemption thereof; gold and silver, including the coinage thereof; valuation and revaluation of the dollar Public and private housing Securities and exchanges Urban development