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

History

The Committee is one of twenty standing committees in the United States Senate. The Committee was formally established as the "Committee on Banking and Currency" in 1913, when Senator Robert L. Owen of Oklahoma sponsored the Federal Reserve Act. Senator Owen served as the Committee's inaugural Chairman.

114th Congress

Majority	Minority
Richard Shelby, Alabama, Chair Mike Crapo, Idaho Bob Corker, Tennessee David Vitter, Louisiana Pat Toomey, Pennsylvania Mark Kirk, Illinois Jerry Moran, Kansas Tim Scott, South Carolina Tom Cotton, Arkansas Mike Rounds, South Dakota Ben Sasse, Nebraska Dean Heller, Nevada	Sherrod Brown, Ohio, Ranking Member Jack Reed, Rhode Island Chuck Schumer, New York Bob Menendez, New Jersey Jon Tester, Montana Mark Warner, Virginia Jeff Merkley, Oregon Elizabeth Warren, Massachusetts Heidi Heitkamp, North Dakota Joe Donnelly, Indiana

Source: 2013 Congressional Record, Vol. 159, Page S296

Subcommittees

Subcommittee	Chair	Ranking Member
Economic Policy	Dean Heller (R-NV)	Elizabeth Warren (D-MA)
Housing, Transportation, and Community Development	Tim Scott (R-SC)	Bob Menendez (D-NJ)
Financial Institutions and Consumer Protection	Pat Toomey (R-PA)	Jeff Merkley (D-OR)
National Security and International Trade and Finance	Mark Kirk (R-IL)	Heidi Heitkamp (D-ND)
Securities, Insurance, and Investment	Mike Crapo (R-ID)	Mark Warner (D-VA)

Chairmen

Committee on Banking and Currency, 1913–1970

Chairman		Party	State	Years
	Robert L. Owen	Democratic	Oklahoma	1913–1919
	George P. McLean	Republican	Connecticut	1919–1927
	Peter Norbeck	Republican	South Dakota	1927–1933
	Duncan U. Fletcher	Democratic	Florida	1933–1936
	Robert F. Wagner	Democratic	New York	1936–1947
	Charles W. Tobey	Republican	New Hampshire	1947–1949
	Burnet R. Maybank	Democratic	South Carolina	1949–1953
	Homer Capehart	Republican	Indiana	1953–1955
	J. William Fulbright	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	Democratic	Wisconsin	1975–1981
	Jake Garn	Republican	Utah	1981–1987
	William Proxmire	Democratic	Wisconsin	1987–1989
	Donald Riegle	Democratic	Michigan	1989–1995
	Alfonse D'Amato	Republican	New York	1995–1999
	Phil Gramm	Republican	Texas	1999–2001
	Paul Sarbanes	Democratic	Maryland	2001
	Phil Gramm	Republican	Texas	2001
	Paul Sarbanes	Democratic	Maryland	2001–2003
	Richard Shelby	Republican	Alabama	2003–2007
	Christopher J. Dodd	Democratic	Connecticut	2007–2011
	Tim Johnson	Democratic	South Dakota	2011–2015
	Richard Shelby	Republican	Alabama	2015-present

See also

• United States House Committee on Financial Services
• Pecora Commission, the commission established to investigate the causes of the Wall Street Crash of 1929

External links

• U.S. Senate Committee on Banking, Housing, and Urban Affairs
• Senate Banking, Housing, and Urban Affairs Committee member profiles collected news and commentary at The Washington Post