United States House Committee on Financial Services information
Standing committee of the United States House of Representatives
House Financial Services Committee
Standing committee
Active United States House of Representatives 118th Congress
History
Formed
December 11, 1865
Leadership
Chair
Patrick McHenry (R) Since January 3, 2023
Ranking member
Maxine Waters (D) Since January 3, 2023
Vice chair
French Hill (R) Since January 3, 2023
Structure
Seats
52
Political parties
Majority (29)
Republican (29)
Minority (23)
Democratic (23)
Website
financialservices.house.gov
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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.[1]
It is currently chaired by Republican Patrick McHenry from North Carolina, having assumed office in 2023. He previously served as the committee's Ranking Member. The Ranking Member is Democrat Maxine Waters from California, who previously chaired the committee under a Democrat majority in the House.
^Merle, Renae (January 16, 2019). "Alexandria Ocasio-Cortez vs. Wall Street: Lawmaker wins spot on powerful House committee". The Washington Post. Retrieved June 28, 2022.
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