Summary

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.

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

"1. The following standing committees shall be appointed at the commencement of each Congress and shall continue and have the power to act until their successors are appointed, with leave to report by bill or otherwise on matters within their jurisdictions:

(d)(1) Committee on Banking, Housing and Urban Affairs, to which committee shall by referred all proposed legislation, messages, petitions, memorials and other matters relating to the following subjects:

Banks, banking, and financial institutions.
Control of 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.
Urban development and urban mass transit.

(2) Such Committee shall also 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."