# 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 chairman.

## 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 | Minority |
| 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, Pennsylvania | Elizabeth 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

| Subcommittee | Chair | Ranking Member |
| Economic Policy | John Kennedy (R-LA) | Raphael Warnock (D-GA) |
| Financial Institutions and Consumer Protection | Thom Tillis (R-NC) | Catherine Cortez Masto (D-NV) |
| Housing, Transportation, and Community Development | Katie Britt (R-AL) | Tina Smith (D-MN) |
| National Security and International Trade and Finance | Bill Hagerty (R-TN) | Andy Kim (D-NJ) |
| Securities, Insurance, and Investment | Mike Rounds (R-SD) | Mark Warner (D-VA) |
| Digital Assets | Cynthia Lummis (R-WY) | Ruben Gallego (D-AZ) |

## Chairs
### Committee on Banking and Currency, 1913–1970

| Chair | 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 | 1937–1947 |
| 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 | 1967–1970 |

### Committee on Banking, Housing, and Urban Affairs, 1970–present

| Chair | 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 M. 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 |
| Chris Dodd | Democratic | Connecticut | 2007–2011 |
| Tim Johnson | Democratic | South Dakota | 2011–2015 |
| Richard Shelby | Republican | Alabama | 2015–2017 |
| Mike Crapo | Republican | Idaho | 2017–2021 |
| Sherrod Brown | Democratic | Ohio | 2021–2025 |
| Tim Scott | Republican | South Carolina | 2025–present |

## Historical membership rosters

| Majority | Minority |
| Sherrod Brown, Ohio, Chairman 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) Raphael Warnock, Georgia John Fetterman, Pennsylvania Laphonza Butler, California (from October 17, 2023) George Helmy, New Jersey (from September 11, 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

| Subcommittee | Chair | Ranking Member |
| Economic Policy | Elizabeth Warren (D-MA) | John Kennedy (R-LA) |
| Financial Institutions and Consumer Protection | Raphael Warnock (D-GA) | Thom Tillis (R-NC) |
| Housing, Transportation, and Community Development | Tina Smith (D-MN) | Cynthia Lummis (R-WY) |
| National Security and International Trade and Finance | Mark Warner (D-VA) | Bill Hagerty (R-TN) |
| Securities, Insurance, and Investment | George Helmy (D-NJ) | Mike Rounds (R-SD) |

### 117th Congress

| Majority | Minority |
| Sherrod Brown, Ohio, Chairman 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, Georgia | Pat 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

| Subcommittee | Chair | Ranking Member |
| Economic Policy | Elizabeth Warren (D-MA) | John Kennedy (R-LA) |
| Financial Institutions and Consumer Protection | Raphael Warnock (D-GA) | Thom Tillis (R-NC) |
| Housing, Transportation, and Community Development | Tina Smith (D-MN) | Mike Rounds (R-SD) |
| National Security and International Trade and Finance | Mark Warner (D-VA) | Bill Hagerty (R-TN) |
| Securities, Insurance, and Investment | Bob Menendez (D-NJ) | Tim Scott (R-SC) |

### 116th Congress

| Majority | Minority |
| Mike Crapo, Idaho, Chairman 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 Dakota | Sherrod 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

| Subcommittee | Chair | Ranking Member |
| Economic Policy | Tom Cotton (R-AR) | Catherine Cortez Masto (D-NV) |
| Financial Institutions and Consumer Protection | Tim Scott (R-SC) | Elizabeth Warren (D-MA) |
| Housing, Transportation, and Community Development | David Perdue (R-GA) | Bob Menendez (D-NJ) |
| National Security and International Trade and Finance | Ben Sasse (R-NE) | Mark Warner (D-VA) |
| Securities, Insurance, and Investment | Pat Toomey (R-PA) | Chris Van Hollen (D-MD) |

### 115th Congress

| Majority | Minority |
| Mike 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, Louisiana | Sherrod 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 |
Subcommittees
| Subcommittee | Chair | Ranking Member |
| Economic Policy | Tom Cotton (R-AR) | Heidi Heitkamp (D-ND) |
| Financial Institutions and Consumer Protection | Pat Toomey (R-PA) | Elizabeth Warren (D-MA) |
| Housing, Transportation, and Community Development | Tim Scott (R-SC) | Bob Menendez (D-NJ) |
| National Security and International Trade and Finance | Ben Sasse (R-NE) | Joe Donnelly (D-IN) |
| Securities, Insurance, and Investment | Dean Heller (D-NV) | Mark Warner (D-VA) |
Source

### 114th Congress

| Majority | Minority |
| Richard 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, Kansas | 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 |
Subcommittees
| Subcommittee | Chair | Ranking Member |
| Economic Policy | Dean Heller (R-NV) | Elizabeth Warren (D-MA) |
| Financial Institutions and Consumer Protection | Pat Toomey (R-PA) | Jeff Merkley (D-OR) |
| Housing, Transportation, and Community Development | Tim Scott (R-SC) | Bob Menendez (D-NJ) |
| 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) |

### 113th Congress

| Majority | Minority |
| Tim 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 Dakota | Mike 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 |
| Subcommittee | Chair | Ranking Member |
| Economic Policy | Jeff Merkley (D-OR) | Dean Heller (R-NV) |
| Financial Institutions and Consumer Protection | Sherrod Brown (D-OH) | Pat Toomey (R-PA) |
| Housing, Transportation, and Community Development | Bob Menendez (D-NJ) | Jerry Moran (R-KS) |
| National Security and International Trade and Finance | Mark Warner (D-VA) | Mark Kirk (R-IL) |
| Securities, Insurance, and Investment | Jon Tester (D-MT) | Mike Johanns (R-NE) |