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 French Hill from Arkansas, having assumed office in 2025. The ranking member is Democrat Maxine Waters from California, who previously chaired the committee under a Democratic 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
History The Banking and Currency Committee was created on December 11, 1865, to take over responsibilities previously handled by the Ways and Means Committee. It continued to function under this name until 1968, when it assumed the current name.
Members, 119th Congress MajorityMinorityFrench Hill, Arkansas, Chair Frank Lucas, Oklahoma Pete Sessions, Texas Bill Huizenga, Michigan, Vice Chair Ann Wagner, Missouri Andy Barr, Kentucky Roger Williams, Texas Tom Emmer, Minnesota Barry Loudermilk, Georgia Warren Davidson, Ohio John Rose, Tennessee Bryan Steil, Wisconsin William Timmons, South Carolina Marlin Stutzman, Indiana Ralph Norman, South Carolina Dan Meuser, Pennsylvania Young Kim, California Byron Donalds, Florida Andrew Garbarino, New York Scott L. Fitzgerald, Wisconsin Mike Flood, Nebraska Mike Lawler, New York Monica De La Cruz, Texas Andy Ogles, Tennessee Zach Nunn, Iowa Lisa McClain, Michigan María Elvira Salazar, Florida Troy Downing, Montana Mike Haridopolos, Florida Tim Moore, North CarolinaMaxine Waters, California, Ranking Member Nydia Velázquez, New York Brad Sherman, California Gregory Meeks, New York David Scott, Georgia (until April 22, 2026) Stephen Lynch, Massachusetts Al Green, Texas Emanuel Cleaver, Missouri Jim Himes, Connecticut Bill Foster, Illinois Joyce Beatty, Ohio Juan Vargas, California Josh Gottheimer, New Jersey Vicente Gonzalez, Texas Sean Casten, Illinois, Vice Ranking Member Ayanna Pressley, Massachusetts Steven Horsford, Nevada Rashida Tlaib, Michigan Ritchie Torres, New York Sylvia Garcia, Texas Nikema Williams, Georgia Brittany Pettersen, Colorado Cleo Fields, Louisiana Janelle Bynum, Oregon Sam Liccardo, California Everton Blair, Georgia (from September 16, 2026)
Resolutions electing members: (Chair), (Ranking Member), (R), (D), (Blair)
Subcommittees
The Financial Services Committee operates with six subcommittees. The jurisdiction over insurance was transferred in 2001 to the then-House Banking and Financial Services Committee from the House Energy and Commerce Committee. Since that time it had been the purview of the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. But "with plans to reform Fannie Mae and Freddie Mac expected to take up much of that panel's agenda, insurance instead [was] moved to a new Subcommittee on Insurance, Housing and Community Opportunity [as of the 112th Congress]." In the 115th Congress, a new subcommittee on Terrorism and Illicit Finance was created, dedicated to disrupting the financing of terrorist organizations.
Current subcommittees SubcommitteeChairRanking MemberCapital MarketsAnn Wagner (R-MO)Brad Sherman (D-CA)Digital Assets, Financial Technology, and Artificial IntelligenceBryan Steil (R-WI)Stephen Lynch (D-MA)Financial InstitutionsAndy Barr (R-KY)Bill Foster (D-IL)Housing and InsuranceMike Flood (R-NE)Emanuel Cleaver (D-MO)National Security, Illicit Finance, and International Financial InstitutionsWarren Davidson (R-OH)Joyce Beatty (D-OH)Oversight and InvestigationsDan Meuser (R-PA)Al Green (D-TX)
Leadership
+ ChairsNamePartyStateStartEndRepublicanNew York18651869RepublicanOhio18691871RepublicanMassachusetts18711873RepublicanTennessee18731875DemocraticNew York18751877DemocraticMissouri18771881RepublicanMassachusetts18811883DemocraticMissouri18831885DemocraticPennsylvania18851887DemocraticOhio18871889RepublicanNebraska18891891DemocraticNew York18911893DemocraticIllinois18931895RepublicanMassachusetts18951899RepublicanPennsylvania18991901RepublicanNew Jersey19011909RepublicanNew York19091911DemocraticLouisiana19111913DemocraticVirginia19131918DemocraticMassachusetts19181919RepublicanNew York19191920RepublicanPennsylvania19201931DemocraticAlabama19311943DemocraticKentucky19431947RepublicanMichigan19471949DemocraticKentucky19491953RepublicanMichigan19531955DemocraticKentucky19551963DemocraticTexas19631975DemocraticWisconsin19751981DemocraticRhode Island19811989DemocraticTexas19891995RepublicanIowa19952001RepublicanOhio20012007DemocraticMassachusetts20072011RepublicanAlabama20112013RepublicanTexas20132019DemocraticCalifornia20192023RepublicanNorth Carolina20232025RepublicanArkansas2025present + Ranking membersNamePartyStateStartEndDemocraticKentucky19471949RepublicanKentucky19491953DemocraticKentucky19531955RepublicanKentucky19551957RepublicanIowa19571959RepublicanNew York19591965RepublicanNew Jersey19651975RepublicanPennsylvania19751977RepublicanOhio19771983RepublicanOhio19831993RepublicanIowa19931995DemocraticTexas19951999DemocraticNew York19992003Democratic Massachusetts20032007RepublicanAlabama20072011DemocraticMassachusetts20112013DemocraticCalifornia20132019RepublicanNorth Carolina20192023DemocraticCalifornia2023present
Historical membership rosters 118th Congress MajorityMinorityPatrick McHenry, North Carolina, Chair Frank Lucas, Oklahoma Pete Sessions, Texas Bill Posey, Florida Blaine Luetkemeyer, Missouri Bill Huizenga, Michigan Ann Wagner, Missouri Andy Barr, Kentucky Roger Williams, Texas French Hill, Arkansas, Vice Chair Tom Emmer, Minnesota Barry Loudermilk, Georgia Alex Mooney, West Virginia Warren Davidson, Ohio John Rose, Tennessee Bryan Steil, Wisconsin William Timmons, South Carolina Ralph Norman, South Carolina Dan Meuser, Pennsylvania Young Kim, California Byron Donalds, Florida Andrew Garbarino, New York Scott L. Fitzgerald, Wisconsin Mike Flood, Nebraska Mike Lawler, New York Monica De La Cruz, Texas Andy Ogles, Tennessee Erin Houchin, Indiana Zach Nunn, IowaMaxine Waters, California, Ranking Member Nydia Velázquez, New York Brad Sherman, California Gregory Meeks, New York David Scott, Georgia Stephen Lynch, Massachusetts Al Green, Texas Emanuel Cleaver, Missouri Jim Himes, Connecticut Bill Foster, Illinois Joyce Beatty, Ohio Juan Vargas, California Josh Gottheimer, New Jersey Vicente Gonzalez, Texas Sean Casten, Illinois Ayanna Pressley, Massachusetts Steven Horsford, Nevada Rashida Tlaib, Michigan Ritchie Torres, New York Sylvia Garcia, Texas Nikema Williams, Georgia Wiley Nickel, North Carolina Brittany Pettersen, Colorado
Resolutions electing members: (Chair), (Ranking Member), (R), (D), (amending rank)
Subcommittees SubcommitteeChairRanking MemberCapital MarketsAnn Wagner (R-MO)Brad Sherman (D-CA)Digital Assets, Financial Technology and InclusionFrench Hill (R-AR)Stephen Lynch (D-MA)Financial Institutions and Monetary PolicyAndy Barr (R-KY)Bill Foster (D-IL)Housing and InsuranceWarren Davidson (R-OH)Emanuel Cleaver (D-MO)National Security, Illicit Finance, and International Financial InstitutionsBlaine Luetkemeyer (R-MO)Joyce Beatty (D-OH)Oversight and InvestigationsBill Huizenga (R-MI)Al Green (D-TX)
117th Congress MajorityMinorityMaxine Waters, California, Chair Carolyn Maloney, New York Nydia Velázquez, New York Brad Sherman, California Gregory Meeks, New York David Scott, Georgia Al Green, Texas Emanuel Cleaver, Missouri Ed Perlmutter, Colorado Jim Himes, Connecticut Bill Foster, Illinois Joyce Beatty, Ohio Juan Vargas, California Josh Gottheimer, New Jersey Vicente Gonzalez, Texas Al Lawson, Florida Michael San Nicolas, Guam Cindy Axne, Iowa Sean Casten, Illinois Ayanna Pressley, Massachusetts Ritchie Torres, New York Stephen Lynch, Massachusetts Alma Adams, North Carolina Rashida Tlaib, Michigan Alexandria Ocasio-Cortez, New York Madeleine Dean, Pennsylvania Chuy García, Illinois Sylvia Garcia, Texas Nikema Williams, Georgia Jake Auchincloss, Massachusetts, Vice ChairPatrick McHenry, North Carolina, Ranking Member Frank Lucas, Oklahoma Pete Sessions, Texas (from June 30, 2021) Bill Posey, Florida Blaine Luetkemeyer, Missouri Bill Huizenga, Michigan Ann Wagner, Missouri, Vice Ranking Member Andy Barr, Kentucky Roger Williams, Texas French Hill, Arkansas Tom Emmer, Minnesota Lee Zeldin, New York Barry Loudermilk, Georgia Alex Mooney, West Virginia Warren Davidson, Ohio Ted Budd, North Carolina David Kustoff, Tennessee Trey Hollingsworth, Indiana Anthony Gonzalez, Ohio John Rose, Tennessee Bryan Steil, Wisconsin Lance Gooden, Texas William Timmons, South Carolina Van Taylor, Texas Ralph Norman, South Carolina (from June 8, 2022)
Resolutions electing members: (Chair), (Ranking Member), (D), (R), (R), (R)
Subcommittees SubcommitteeChairWaters Opening Statement at Committee Organizational Meeting and Markup to Adopt Committee RulesRanking MemberMcHenry Announces Republican Financial Services Subcommittee AssignmentsConsumer Protection and Financial InstitutionsEd Perlmutter (D-CO)Blaine Luetkemeyer (R-MO)Diversity and InclusionJoyce Beatty (D-OH)Ann Wagner (R-MO)Housing, Community Development and InsuranceEmanuel Cleaver (D-MO)Steve Stivers (R-OH)Investor Protection, Entrepreneurship and Capital MarketsBrad Sherman (D-CA)Bill Huizenga (R-MI)National Security, International Development and Monetary PolicyJim Himes (D-CT)French Hill (R-AR)Oversight and InvestigationsAl Green (D-TX)Andy Barr (R-KY)
116th Congress MajorityMinorityMaxine Waters, California, Chair Carolyn Maloney, New York Nydia Velázquez, New York Brad Sherman, California Gregory Meeks, New York Lacy Clay, Missouri David Scott, Georgia Al Green, Texas Emanuel Cleaver, Missouri Ed Perlmutter, Colorado Jim Himes, Connecticut Bill Foster, Illinois Joyce Beatty, Ohio Denny Heck, Washington Juan Vargas, California Josh Gottheimer, New Jersey Vicente Gonzalez, Texas Al Lawson, Florida Michael San Nicolas, Guam, Vice Chair Rashida Tlaib, Michigan Katie Porter, California Cindy Axne, Iowa Sean Casten, Illinois Ayanna Pressley, Massachusetts Ben McAdams, Utah Alexandria Ocasio-Cortez, New York Jennifer Wexton, Virginia Stephen Lynch, Massachusetts Tulsi Gabbard, Hawaii Alma Adams, North Carolina Madeleine Dean, Pennsylvania Chuy García, Illinois Sylvia Garcia, Texas Dean Phillips, MinnesotaPatrick McHenry, North Carolina, Ranking Member Frank Lucas, Oklahoma Bill Posey, Florida Blaine Luetkemeyer, Missouri Bill Huizenga, Michigan Steve Stivers, Ohio Ann Wagner, Missouri, Vice Ranking Member Andy Barr, Kentucky Scott Tipton, Colorado Roger Williams, Texas French Hill, Arkansas Tom Emmer, Minnesota Lee Zeldin, New York Barry Loudermilk, Georgia Alex Mooney, West Virginia Warren Davidson, Ohio Ted Budd, North Carolina David Kustoff, Tennessee Trey Hollingsworth, Indiana Anthony Gonzalez, Ohio John Rose, Tennessee Bryan Steil, Wisconsin Lance Gooden, Texas