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) has jurisdiction over matters related to: bank

Bank

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 and banking, price controls

Price controls

Price controls are governmental impositions on the prices charged for goods and services in a market, usually intended to maintain the affordability of staple foods and goods, and to prevent price gouging during shortages, or, alternatively, to insure an income for providers of certain goods...

, deposit insurance

Deposit insurance

Explicit deposit insurance is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due...

, export

Export

The term export is derived from the conceptual meaning as to ship the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" who is based in the country of export whereas the overseas based buyer is referred to as an "importer"...

promotion and controls, federal monetary policy

Monetary policy

Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The official goals usually include relatively stable prices and low unemployment...

, financial aid to commerce and industry, issuance of redemption of notes, currency

Currency

In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

and coinage, public and private housing, urban development and mass transit, and government contracts.

History

The Committee is one of twenty standing committee

Standing Committee

In the United States Congress, standing committees are permanent legislative panels established by the United States House of Representatives and United States Senate rules. . Because they have legislative jurisdiction, standing committees consider bills and issues and recommend measures for...

s in the United States Senate

United States Senate

The United States Senate is the upper house of the bicameral legislature of the United States, and together with the United States House of Representatives comprises the United States Congress. The composition and powers of the Senate are established in Article One of the U.S. Constitution. Each...

. The Committee was formally established as the "Committee on Banking and Currency" in 1913, when Senator Robert L. Owen

Robert L. Owen

Robert Latham Owen, Jr. was one of the first two U.S. senators from Oklahoma. He served in the Senate between 1907 and 1925...

of Oklahoma

Oklahoma

Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...

Members, 112th Congress

The Committee is chaired by Democrat Tim Johnson of South Dakota

South Dakota

South Dakota is a state located in the Midwestern region of the United States. It is named after the Lakota and Dakota Sioux American Indian tribes. Once a part of Dakota Territory, South Dakota became a state on November 2, 1889. The state has an area of and an estimated population of just over...

, and the Ranking 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 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....

of Alabama

Alabama

Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland...

Majority	Minority
Tim Johnson, South Dakota, Chairman Jack Reed, Rhode Island 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 Sherrod Brown Sherrod 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... , Ohio Jon Tester Jon Tester Jon Tester is the junior U.S. Senator for Montana, serving since 2007. He is a member of the Democratic Party. He previously served as President of the Montana Senate.-Early life, education, and farming career:... , Montana 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 Jeff Merkley Jeff Merkley Jeffrey Alan "Jeff" Merkley is the junior United States Senator from Oregon. A member of the Democratic Party, Merkley was a five-term member of the Oregon Legislative Assembly representing House District 47, located in eastern Multnomah County within the Portland city limits... , Oregon 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	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, Ranking Member 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 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 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 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 Mike Johanns 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 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 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

Source:

Subcommittees

Subcommittee	Chair	Ranking Member
Economic Policy United States Senate Banking Subcommittee on Economic Policy The Senate Banking Subcommittee on Economic Policy is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs.-Jurisdiction:...	Jon Tester Jon Tester Jon Tester is the junior U.S. Senator for Montana, serving since 2007. He is a member of the Democratic Party. He previously served as President of the Montana Senate.-Early life, education, and farming career:... (D-MT)	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... (R-LA)
Financial Institutions and Consumer Protection	Sherrod Brown Sherrod 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... (D-OH)	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... (R-TN)
Housing, Transportation, and Community Development United States Senate Banking Subcommittee on Housing, Transportation, and Community Development The Senate Banking Subcommittee on Housing, Transportation, and Community Development is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs.-Jurisdiction:...	Robert Menendez Robert Menendez Robert "Bob" Menendez is the junior United States Senator from New Jersey and a member of the Democratic Party. In January 2006, he was appointed to fill the U.S. Senate seat vacated by Jon Corzine, who resigned upon being elected Governor of New Jersey. Menendez was elected to his own full... (D-NJ)	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... (R-SC)
Securities, Insurance, and Investment United States Senate Banking Subcommittee on Securities, Insurance, and Investment The Senate Banking Subcommittee on Securities, Insurance, and Investment is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs.-Jurisdiction:...	Jack Reed (D-RI)	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... (R-ID)
Security and International Trade and Finance United States Senate Banking Subcommittee on Security and International Trade and Finance The Senate Banking Subcommittee on Security and International Trade and Finance is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs.-Jurisdiction:...	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... (D-VA)	Mike Johanns 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... (R-NE)

Committee on Banking and Currency, 1913–1970

Chairman		Party	State	Years	Robert L. Owen Robert L. Owen Robert Latham Owen, Jr. was one of the first two U.S. senators from Oklahoma. He served in the Senate between 1907 and 1925...	Democratic	Oklahoma	1913–1919	George P. McLean George P. McLean George Payne McLean was a United States Senator from Connecticut. Born in Simsbury, he attended the common schools and studied law. He was admitted to the bar in 1881 and commenced practice in Hartford. He was a member of the Connecticut House of Representatives in 1883 and 1884, and a member of...	Republican	Connecticut	1919 - 1927	Peter Norbeck Peter Norbeck Peter Norbeck served as the ninth Governor of South Dakota, and as a United States Senator. Norbeck was the first Governor of South Dakota to have been born within the borders of the state.-Biography:...	Republican	South Dakota	1927 - 1933	Duncan U. Fletcher Duncan U. Fletcher Duncan Upshaw Fletcher was an American lawyer and politician of the Democratic Party. Senator Fletcher was the longest serving U.S. Senator in Florida's history.-Early life and career:...	Democratic	Florida	1933–1936	Robert F. Wagner Robert F. Wagner Robert Ferdinand Wagner I was an American politician. He was a Democratic U.S. Senator from New York from 1927 to 1949.-Origin and early life:...	Democratic	New York	1936–1947	Charles W. Tobey Charles W. Tobey Charles William Tobey was an American politician, who was a Governor of New Hampshire and a United States senator, was born in Roxbury, Massachusetts, the son of William Tobey, an accountant, and Ellen Hall Parker Tobey. His father had moved to Massachusetts from Maine in the 1860s. Charles Tobey...	Republican	New Hampshire	1947 - 1949	Burnet R. Maybank Burnet R. Maybank Burnet Rhett Maybank was a U.S. Senator, the 99th Governor of South Carolina, and Mayor of Charleston, South Carolina. Maybank was the direct descendant of six former South Carolinian governors. He was the first governor from Charleston since the Civil War...	Democratic	South Carolina	1949–1953	Homer Capehart	Republican	Indiana	1953 - 1955	J. William Fulbright J. William Fulbright James William Fulbright was a United States Senator representing Arkansas from 1945 to 1975.Fulbright was a Southern Democrat and a staunch multilateralist who supported the creation of the United Nations and the longest serving chairman in the history of the Senate Foreign Relations Committee...	Democratic	Arkansas	1955–1959	A. Willis Robertson	Democratic	Virginia	1959–1966	John J. Sparkman	Democratic	Alabama	1966–1970

Committee on Banking, Housing, and Urban Affairs, 1970-Present

Chairman		Party	State	Years	John J. Sparkman	Democratic	Alabama	1970–1975	William Proxmire William Proxmire Edward William Proxmire was an American politician. A member of the Democratic Party, he served as a United States Senator from Wisconsin from 1957 to 1989.-Personal life:...	Democratic	Wisconsin	1975–1981	Jake Garn Jake Garn Edwin Jacob "Jake" Garn is an American politician, a member of the Republican Party, and served as a U.S. Senator representing Utah from 1974 to 1993...	Republican	Utah	1981–1987	William Proxmire William Proxmire Edward William Proxmire was an American politician. A member of the Democratic Party, he served as a United States Senator from Wisconsin from 1957 to 1989.-Personal life:...	Democratic	Wisconsin	1987–1989	Donald Riegle	Democratic	Michigan	1989–1995	Alfonse D'Amato	Republican	New York	1995–1999	Phil Gramm Phil Gramm William Philip "Phil" Gramm is an American economist and politician, who has served as a Democratic Congressman , a Republican Congressman and a Republican Senator from Texas...	Republican	Texas	1999–2001	Paul Sarbanes Paul Sarbanes Paul Spyros Sarbanes , a Democrat, is a former United States Senator who represented the state of Maryland. Sarbanes was the longest-serving senator in Maryland history, having served from 1977 until 2007. He did not seek re-election in 2006, when he was succeeded by fellow Democrat Ben Cardin...	Democratic	Maryland	2001	Phil Gramm Phil Gramm William Philip "Phil" Gramm is an American economist and politician, who has served as a Democratic Congressman , a Republican Congressman and a Republican Senator from Texas...	Republican	Texas	2001	Paul Sarbanes Paul Sarbanes Paul Spyros Sarbanes , a Democrat, is a former United States Senator who represented the state of Maryland. Sarbanes was the longest-serving senator in Maryland history, having served from 1977 until 2007. He did not seek re-election in 2006, when he was succeeded by fellow Democrat Ben Cardin...	Democratic	Maryland	2001–2003	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....	Republican	Alabama	2003–2007	Christopher J. Dodd	Democratic	Connecticut	2007–2011	Tim Johnson	Democratic	South Dakota	2011-

External links