United States Senate Banking Subcommittee on Financial Institutions
Encyclopedia
The Senate Banking Subcommittee on Financial Institutions is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs
.
s, savings associations
, credit union
s 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
of Ohio
, and the Ranking Minority Member
is Republican Bob Corker
of Tennessee
United States Senate Committee on Banking, Housing, and Urban Affairs
The United States Senate Committee on Banking, Housing, and Urban Affairs 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,...
.
Jurisdiction
The Subcommittee on Financial Institutions oversees bankBank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s, savings associations
Savings and loan association
A savings and loan association , also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans...
, credit union
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
s and other financial institutions, including deposit insurance, and e-commerce
Electronic commerce
Electronic commerce, commonly known as e-commerce, eCommerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, the term may refer to more than just buying and selling products online...
. It also oversees the Federal Home Loan Bank System, regulatory activities of the Federal Reserve System
Federal Reserve System
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907...
, the Office of the Comptroller of the Currency
Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency is a US federal agency established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States...
and the Office of Thrift Supervision
Office of Thrift Supervision
The Office of Thrift Supervision was a United States federal agency under the Department of the Treasury that charters, supervises, and regulates all federally- and state-chartered savings banks and savings and loans associations. It was created in 1989 as a renamed version of another federal agency...
within the Treasury Department
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...
, the Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...
(FDIC), and the National Credit Union Administration
National Credit Union Administration
The National Credit Union Administration is the United States independent federal agency that supervises and charters federal credit unions...
Members, 112th Congress
The Committee is chaired by Democrat Sherrod BrownSherrod Brown
Sherrod Campbell Brown is the senior United States Senator from Ohio and a member of the Democratic Party. Before his election to the U.S. Senate, he was a member of the United States House of Representatives, representing Ohio's 13th congressional district from 1993 to 2007...
of Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
, and the Ranking Minority Member
Ranking member
In United States politics, a ranking member is the second-most senior member of a congressional or state legislative committee from the majority party. Another usage refers to the most senior member of a congressional or state legislative committee from the minority party. This second usage, often...
is Republican Bob Corker
Bob Corker
Robert Phillips "Bob" Corker, Jr. is the junior United States Senator from Tennessee. Before his election to the Senate in 2006, he served as mayor of Chattanooga, Tennessee from 2001 to 2005. Corker was a businessman prior to holding public office.-Early life and family:Born in Orangeburg, South...
of Tennessee
Tennessee
Tennessee is a U.S. state located in the Southeastern United States. It has a population of 6,346,105, making it the nation's 17th-largest state by population, and covers , making it the 36th-largest by total land area...
| Majority | Minority |
|---|---|
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Bob Corker Robert Phillips "Bob" Corker, Jr. is the junior United States Senator from Tennessee. Before his election to the Senate in 2006, he served as mayor of Chattanooga, Tennessee from 2001 to 2005. Corker was a businessman prior to holding public office.-Early life and family:Born in Orangeburg, South... , Tennessee, Ranking Member Mike Crapo Michael Dean "Mike" Crapo is the senior United States Senator from the state of Idaho and a member of the Republican Party.Born in the city of Idaho Falls, Crapo is a graduate of Brigham Young University and Harvard Law School. He practiced law in his home city throughout the 1980s, while... , Idaho Mike Johanns Michael Owen "Mike" Johanns is an American Republican politician who has been the junior United States Senator from Nebraska since 2009. Previously he was the 38th Governor of Nebraska from 1999 to 2005 and was U.S. Secretary of Agriculture from 2005 to 2007, becoming the fourth Nebraskan to hold... , Nebraska Kay Bailey Hutchison Kathryn Ann Bailey Hutchison, known as Kay Bailey Hutchison , is the senior United States Senator from Texas.She is a member of the Republican Party. In 2001, she was named one of the thirty most powerful women in America by Ladies Home Journal. The first woman to represent Texas in the U.S.... , Texas Jim DeMint James Warren "Jim" DeMint is the junior U.S. Senator from South Carolina, serving since 2005. He is a member of the Republican Party and a leader in the Tea Party movement. He previously served as the U.S. Representative for from 1999 to 2005.-Early life and education:DeMint was born in... , South Carolina David Vitter David Vitter is the junior United States Senator from Louisiana and a member of the Republican Party. Previously, he served in the United States House of Representatives, representing the suburban Louisiana's 1st congressional district. He served as a member of the Louisiana House of... , Louisiana Jerry Moran Jerry Moran is the junior U.S. Senator from Kansas and a member of the Republican Party. Previously, he served as a member of the U.S. House of Representatives, representing .... , Kansas |
| Ex officio | |
|
|
Richard Shelby Richard Craig Shelby is the senior U.S. Senator from Alabama. First elected to the Senate in 1986, he is the ranking member of the United States Senate Committee on Banking, Housing, and Urban Affairs and was its chairman from 2003 to 2007.... , Alabama |
See also
U.S. House Financial Services Subcommittee on Financial Institutions and Consumer CreditUnited States House Financial Services Subcommittee on Financial Institutions and Consumer Credit
The U.S. House Financial Services Subcommittee on Financial Institutions and Consumer Credit is a subcommittee of the House Committee on Financial Services.-Jurisdiction:...
External links
- U.S. Senate Committee on Banking, Housing, and Urban Affairs
- Senate Banking Committee subcommittee list and membership page