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), also known as the Senate Banking Committee, 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, mass transit, and government contracts.

The current chair of the committee is Republican Tim Scott of South Carolina, and the ranking member is Democrat Elizabeth Warren of Massachusetts.

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 chair.

Jurisdiction In accordance with Rule XXV of the United States Senate, all proposed legislation, messages, petitions, memorials, and other matters relating to the following subjects are referred to the Senate Banking Committee:

Banks, banking, and financial institutions; Control of the prices of commodities, rents, and services; Deposit insurance; Economic stabilization and defense production; Export and foreign trade promotion; Export controls; Federal monetary policy, including the Federal Reserve System; Financial aid to commerce and industry; Issuance and redemption of notes; Money and credit, including currency and coinage; Nursing home construction; Public and private housing (including veterans' housing); Renegotiation of Government contracts; and, Urban development and urban mass transit.

The Senate Banking Committee is also charged to "study and review, on a comprehensive basis, matters relating to international economic policy as it affects United States monetary affairs, credit, and financial institutions; economic growth, urban affairs, and credit, and report thereon from time to time."

Members, 119th Congress

Majority (119th Congress)Minority (119th Congress)Tim Scott, South Carolina, Chair Mike Crapo, Idaho Mike Rounds, South Dakota Thom Tillis, North Carolina John Kennedy, Louisiana Bill Hagerty, Tennessee Cynthia Lummis, Wyoming Katie Britt, Alabama Pete Ricketts, Nebraska Jim Banks, Indiana Kevin Cramer, North Dakota Bernie Moreno, Ohio Dave McCormick, PennsylvaniaElizabeth Warren, Massachusetts, Ranking Member Jack Reed, Rhode Island Mark Warner, Virginia Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Tina Smith, Minnesota Raphael Warnock, Georgia Andy Kim, New Jersey Ruben Gallego, Arizona Lisa Blunt Rochester, Delaware Angela Alsobrooks, Maryland

Subcommittees SubcommitteeChairRanking MemberEconomic PolicyJohn Kennedy (R-LA)Raphael Warnock (D-GA)Financial Institutions and Consumer ProtectionThom Tillis (R-NC)Catherine Cortez Masto (D-NV)Housing, Transportation, and Community DevelopmentKatie Britt (R-AL)Tina Smith (D-MN)National Security and International Trade and FinanceBill Hagerty (R-TN)Andy Kim (D-NJ)Securities, Insurance, and InvestmentMike Rounds (R-SD)Mark Warner (D-VA)Digital AssetsCynthia Lummis (R-WY)Ruben Gallego (D-AZ)

Leadership

Committee on Banking and Currency, 1913–1970 + ChairsNamePartyStateStartEndDemocraticOklahoma19131919RepublicanConnecticut19191927RepublicanSouth Dakota19271933DemocraticFlorida19331936DemocraticNew York19371947RepublicanNew Hampshire19471949DemocraticSouth Carolina19491953RepublicanIndiana19531955DemocraticArkansas19551959DemocraticVirginia19591966DemocraticAlabama19671970 + Ranking membersNamePartyStateStartEndRepublicanDelaware???1941RepublicanNew Hampshire19411947RepublicanNew York19471949RepublicanNew Hampshire19491951RepublicanIndiana19511953DemocraticSouth Carolina19531954DemocraticArkansas19541955RepublicanIndiana19551963RepublicanUtah19631970

Committee on Banking, Housing, and Urban Affairs, 1970–present + ChairsNamePartyStateStartEndDemocraticAlabama19701975DemocraticWisconsin19751981RepublicanUtah19811987DemocraticWisconsin19871989DemocraticMichigan19891995RepublicanNew York19951999RepublicanTexas19992001DemocraticMaryland2001At the beginning of the 107th Congress in January 2001 the Senate was evenly divided. With a Democratic president and vice president still serving until January 20, the Democratic vice president was available to break a tie, and the Democrats thus controlled the Senate for 17 days, from January 3 to January 20. On January 3 the Senate adopted S. Res. 7 designating Democratic senators as committee chairs to serve during this period and Republican chairs to serve effective at noon on January 20, 2001.RepublicanTexas2001DemocraticMaryland20012003On June 6, 2001, the Democrats took control of the Senate after Senator James Jeffords (VT) changed from the Republican Party to Independent and announced that he would caucus with the DemocratsRepublicanAlabama20032007DemocraticConnecticut20072011DemocraticSouth Dakota20112015RepublicanAlabama20152017RepublicanIdaho20172021DemocraticOhio20212025RepublicanSouth Carolina2025present + Ranking membersNamePartyStateStartEndRepublicanUtah19701971RepublicanTexas19711977RepublicanMassachusetts19771979RepublicanUtah19791981DemocraticNew Jersey19811982DemocraticMichigan19821983DemocraticWisconsin19831987RepublicanUtah19871993RepublicanNew York19931995DemocraticMaryland19952001RepublicanTexas20012003DemocraticMaryland20032007RepublicanAlabama20072013RepublicanIdaho20132015DemocraticOhio20152021RepublicanPennsylvania20212023RepublicanSouth Carolina20232025DemocraticMassachusetts2025present

Historical membership rosters

Majority (118th Congress)Minority (118th Congress)Sherrod Brown, Ohio, Chair Jack Reed, Rhode Island Bob Menendez, New Jersey (until August 20, 2024) Jon Tester, Montana Mark Warner, Virginia Elizabeth Warren, Massachusetts Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Tina Smith, Minnesota Kyrsten Sinema, Arizona (until October 17, 2023)Kyrsten Sinema was an independent but caucused with the Democrats. Raphael Warnock, Georgia John Fetterman, Pennsylvania Laphonza Butler, California (October 17, 2023–December 8, 2024) George Helmy, New Jersey (September 11, 2024–December 8, 2024) Adam Schiff, California (from December 10, 2024) Andy Kim, New Jersey (from December 10, 2024)Tim Scott, South Carolina, Ranking Member Mike Crapo, Idaho Mike Rounds, South Dakota Thom Tillis, North Carolina John Kennedy, Louisiana Bill Hagerty, Tennessee Cynthia Lummis, Wyoming JD Vance, Ohio Katie Britt, Alabama Kevin Cramer, North Dakota Steve Daines, Montana

Subcommittees SubcommitteeChairRanking MemberEconomic PolicyElizabeth Warren (D-MA)John Kennedy (R-LA)Financial Institutions and Consumer ProtectionRaphael Warnock (D-GA)Thom Tillis (R-NC)Housing, Transportation, and Community DevelopmentTina Smith (D-MN)Cynthia Lummis (R-WY)National Security and International Trade and FinanceMark Warner (D-VA)Bill Hagerty (R-TN)Securities, Insurance, and InvestmentGeorge Helmy (D-NJ)Mike Rounds (R-SD)

117th Congress

MajorityMinoritySherrod Brown, Ohio, Chair Jack Reed, Rhode Island Bob Menendez, New Jersey Jon Tester, Montana Mark Warner, Virginia Elizabeth Warren, Massachusetts Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Tina Smith, Minnesota Kyrsten Sinema, Arizona Jon Ossoff, Georgia Raphael Warnock, GeorgiaPat Toomey, Pennsylvania, Ranking Member Richard Shelby, Alabama Mike Crapo, Idaho Tim Scott, South Carolina Mike Rounds, South Dakota Thom Tillis, North Carolina John Kennedy, Louisiana Bill Hagerty, Tennessee Cynthia Lummis, Wyoming Jerry Moran, Kansas Kevin Cramer, North Dakota Steve Daines, Montana

Subcommittees SubcommitteeChairRanking MemberEconomic PolicyElizabeth Warren (D-MA)John Kennedy (R-LA)Financial Institutions and Consumer ProtectionRaphael Warnock (D-GA)Thom Tillis (R-NC)Housing, Transportation, and Community DevelopmentTina Smith (D-MN)Mike Rounds (R-SD)National Security and International Trade and FinanceMark Warner (D-VA)Bill Hagerty (R-TN)Securities, Insurance, and InvestmentBob Menendez (D-NJ)Tim Scott (R-SC)

116th Congress

MajorityMinorityMike Crapo, Idaho, Chair Richard Shelby, Alabama Pat Toomey, Pennsylvania Tim Scott, South Carolina Ben Sasse, Nebraska Tom Cotton, Arkansas Mike Rounds, South Dakota Thom Tillis, North Carolina John Kennedy, Louisiana Martha McSally, Arizona (until December 2, 2020) Jerry Moran, Kansas Kevin Cramer, North DakotaSherrod Brown, Ohio, Ranking Member Jack Reed, Rhode Island Bob Menendez, New Jersey Jon Tester, Montana Mark Warner, Virginia Elizabeth Warren, Massachusetts Brian Schatz, Hawaii Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Doug Jones, Alabama Tina Smith, Minnesota Kyrsten Sinema, Arizona

Subcommittees SubcommitteeChairRanking MemberEconomic PolicyTom Cotton (R-AR)Catherine Cortez Masto (D-NV)Financial Institutions and Consumer ProtectionTim Scott (R-SC)Elizabeth Warren (D-MA)Housing, Transportation, and Community DevelopmentDavid Perdue (R-GA)Bob Menendez (D-NJ)National Security and International Trade and FinanceBen Sasse (R-NE)Mark Warner (D-VA)Securities, Insurance, and InvestmentPat Toomey (R-PA)Chris Van Hollen (D-MD)

115th Congress MajorityMinorityMike Crapo, Idaho, Chair Richard Shelby, Alabama Bob Corker, Tennessee Pat Toomey, Pennsylvania Dean Heller, Nevada Tim Scott, South Carolina Ben Sasse, Nebraska Tom Cotton, Arkansas Mike Rounds, South Dakota David Perdue, Georgia Thom Tillis, North Carolina John Kennedy, LouisianaSherrod Brown, Ohio, Ranking Member Jack Reed, Rhode Island Bob Menendez, New Jersey Jon Tester, Montana Mark Warner, Virginia Elizabeth Warren, Massachusetts Heidi Heitkamp, North Dakota Joe Donnelly, Indiana Brian Schatz, Hawaii Chris Van Hollen, Maryland Catherine Cortez Masto, Nevada Doug Jones, Alabama (joined the committee in January 2018, following his election)

Subcommittees SubcommitteeChairRanking MemberEconomic PolicyTom Cotton (R-AR)Heidi Heitkamp (D-ND)Financial Institutions and Consumer ProtectionPat Toomey (R-PA)Elizabeth Warren (D-MA)Housing, Transportation, and Community DevelopmentTim Scott (R-SC)Bob Menendez (D-NJ)National Security and International Trade and FinanceBen Sasse (R-NE)Joe Donnelly (D-IN)Securities, Insurance, and InvestmentDean Heller (D-NV)Mark Warner (D-VA)

Source

114th Congress MajorityMinorityRichard Shelby, Alabama, Chair Mike Crapo, Idaho Bob Corker, Tennessee David Vitter, Louisiana Pat Toomey, Pennsylvania Mark Kirk, Illinois Dean Heller, Nevada Tim Scott, South Carolina Ben Sasse, Nebraska Tom Cotton, Arkansas Mike Rounds, South Dakota Jerry Moran, KansasSherrod 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

Subcommittees SubcommitteeChairRanking MemberEconomic PolicyDean Heller (R-NV)Elizabeth Warren (D-MA)Financial Institutions and Consumer ProtectionPat Toomey (R-PA)Jeff Merkley (D-OR)Housing, Transportation, and Community DevelopmentTim Scott (R-SC)Bob Menendez (D-NJ)National Security and International Trade and FinanceMark Kirk (R-IL)Heidi Heitkamp (D-ND)Securities, Insurance, and InvestmentMike Crapo (R-ID)Mark Warner (D-VA)

113th Congress MajorityMinorityTim Johnson, South Dakota, Chair Jack Reed, Rhode Island Chuck Schumer, New York Bob Menendez, New Jersey Sherrod Brown, Ohio Jon Tester, Montana Mark Warner, Virginia Jeff Merkley, Oregon Kay Hagan, North Carolina Joe Manchin, West Virginia Elizabeth Warren, Massachusetts Heidi Heitkamp, North DakotaMike Crapo, Idaho, Ranking Member Richard Shelby, Alabama Bob Corker, Tennessee David Vitter, Louisiana Mike Johanns, Nebraska Pat Toomey, Pennsylvania Mark Kirk, Illinois Jerry Moran, Kansas Tom Coburn, Oklahoma Dean Heller, Nevada