The Senate Banking Subcommittee on Securities, Insurance, and Investment is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs

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 Securities, Insurance, and Investment oversees issues related to securities

Security (finance)

A security is generally a fungible, negotiable financial instrument representing financial value. Securities are broadly categorized into:* debt securities ,* equity securities, e.g., common stocks; and,...

, annuities

Annuity (US financial products)

In the United States an annuity contract is created when an insured party, usually an individual, pays a life insurance company a single premium that will later be distributed back to the insured party over time...

, and other financial investments. This includes the Securities Exchange Commission

United States Securities and Exchange Commission

The U.S. Securities and Exchange Commission is a federal agency which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the United States...

, the Securities Investor Protection Corporation

Securities Investor Protection Corporation

The Securities Investor Protection Corporation is a federally mandated, non-profit, member-funded, corporation in the United States. It protects investors in certain securities from financial harm if a broker-dealer fails...

 (SIPC), and the Commodity Futures Trading Commission

Commodity Futures Trading Commission

The U.S. Commodity Futures Trading Commission is an independent agency of the United States government that regulates futures and option markets....

. The subcommittee also is responsible for oversight of government-issued securities, financial exchanges and markets, financial derivatives, accounting standards, and insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

.

Members, 112th Congress

The Committee is chaired by Democrat Jack Reed of Rhode Island

Rhode Island

The state of Rhode Island and Providence Plantations, more commonly referred to as Rhode Island , is a state in the New England region of the United States. It is the smallest U.S. state by area...

, 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 Mike Crapo

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...

 of Idaho

Idaho

Idaho is a state in the Rocky Mountain area of the United States. The state's largest city and capital is Boise. Residents are called "Idahoans". Idaho was admitted to the Union on July 3, 1890, as the 43rd state....

.

Majority	Minority
Jack Reed, Rhode Island Rhode Island The state of Rhode Island and Providence Plantations, more commonly referred to as Rhode Island , is a state in the New England region of the United States. It is the smallest U.S. state by area... , Chairman Chuck Schumer, New York Bob Menendez, New Jersey Daniel Akaka Daniel Akaka Daniel Kahikina Akaka is the junior U.S. Senator from Hawaii and a member of the Democratic Party. He is the first U.S. Senator of Native Hawaiian ancestry and is currently the only member of the Senate who has Chinese ancestry.... , Hawaii Herb Kohl Herb Kohl Herbert H. "Herb" Kohl is the senior U.S. Senator from Wisconsin and a member of the Democratic Party. He is also a philanthropist and the owner of the Milwaukee Bucks National Basketball Association team... , Wisconsin Mark Warner Mark Warner Mark Robert Warner is an American politician and businessman, currently serving in the United States Senate as the junior senator from the Commonwealth of Virginia. He is a member of the Democratic Party. Warner was the 69th governor of Virginia from 2002 to 2006 and is the honorary chairman of... , Virginia Michael Bennet Michael Bennet Michael Farrand Bennet is an American businessman, lawyer, and politician. He is currently the junior United States Senator from Colorado, and a member of the Democratic Party... , Colorado Kay Hagan, North Carolina Tim Johnson, South Dakota	Mike Crapo 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, Ranking Member 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... , Tennessee David Vitter 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 Pat Toomey Pat Toomey Patrick Joseph "Pat" Toomey, Sr. is the junior United States Senator for Pennsylvania and a member of the Republican Party. Previously, Toomey served as a U.S. Representative for three terms, but did not seek a fourth in compliance with a pledge he had made while running for office in 1998... , Pennsylvania Mark Kirk Mark Kirk Mark Steven Kirk is the junior United States Senator from Illinois and a member of the Republican Party. Previously, Kirk was a member of the United States House of Representatives, representing Illinois's 10th congressional district.... , Illinois Jim DeMint 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 Jerry Moran 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 Roger Wicker Roger Wicker Roger Frederick Wicker is the junior U.S. Senator from Mississippi and a member of the Republican Party. In December 2007 he was appointed by Governor Haley Barbour to fill the seat vacated by Trent Lott. He subsequently won the 2008 special election for the remainder of the term. Wicker served... , Mississippi
Ex officio
	Richard Shelby 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 Capital Markets, Insurance, and Government-Sponsored Enterprises

External links

• U.S. Senate Committee on Banking, Housing, and Urban Affairs
• Senate Banking Committee subcommittee list and membership page