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Encyclopedia > Committee on Financial Services
Meeting of the House Financial Services Committee
Meeting of the House Financial Services Committee

The United States House Committee on Financial Services (or House Banking Committee) oversees the entire financial services industry, including the securities, insurance, banking, and housing industries. The 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. It is chaired by Rep. Michael G. Oxley (R-OH) and the ranking Democrat is Rep. Barney Frank (D-MA). Image File history File links United States House of Representatives Committee on Financial Services. ... Image File history File links United States House of Representatives Committee on Financial Services. ... The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. ... The United States Department of the Treasury is a Cabinet department and the treasury of the United States government. ... The U.S. Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... Michael Garver Oxley (born February 11, 1944) is an American politician of the Republican party who serves as a U.S. representative from the Fourth Congressional District (map) of Ohio. ... The Republican Party (often referred to as the GOP, for Grand Old Party) is one of the two major political parties in the United States two-party system, along with the Democratic Party. ... Official language(s) None Capital Columbus Largest city Columbus Largest metro area Cleveland Area  Ranked 34th  - Total 44,825 sq mi (116,096 km²)  - Width 220 miles (355 km)  - Length 220 miles (355 km)  - % water 8. ... The Democratic Party is one of two major political parties in the United States, the other being the Republican Party. ... Barney Frank (born March 31, 1940) is an American politician, and a member of the United States House of Representatives. ... The Democratic Party is one of two major political parties in the United States, the other being the Republican Party. ... Official language(s) English Capital Boston Largest city Boston Area  Ranked 44th  - Total 10,555 sq mi (27,360 km²)  - Width 183 miles (295 km)  - Length 113 miles (182 km)  - % water 13. ...

Contents


History

The committee was once known as the Committee on Banking and Currency


Subcommittees of the 109th Congress

The 109th United States Congress is the current meeting of the United States legislature, comprised of the United States House of Representatives and the United States Senate. ...

Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises

Jurisdiction

The subcommittee watches over the U.S. capital markets, securities and insurance industries and government-sponsored enterprises, such as Fannie Mae and Freddie Mac. It oversees the Securities and Exchange Commission as well as the self-regulatory organizations that police the securities markets. The United States Federal Government created the Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, in 1938 to establish a secondary market for mortgages insured by the Federal Housing Administration (FHA). ... The Federal Home Loan Mortgage Corporation (Freddie Mac) (NYSE: FRE) is a stockholder-owned, publicly-traded company chartered by the United States federal government in 1970 to purchase mortgages and related securities, and then issues securities and bonds in financial markets backed by those mortgages in secondary markets. ...


Leadership

Richard Hugh Baker (born May 22, 1948), American politician, has been a Republican member of the United States House of Representatives since 1987, representing the 6th District of Louisiana. ... Paul E. Kanjorski (b. ...

Subcommittee on Domestic and International Monetary Policy, Trade and Technology

Jurisdiction

The subcommittee focuses on international finance, banking, and monetary organizations, including the International Monetary Fund and the World Bank. The subcommittee is also responsible for issues involving monetary policy, economic stabilization, and trade in financial services. The logo of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is an international organization that oversees the global financial system by monitoring exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ... Logo of the World Bank The International Bank for Reconstruction and Development (IBRD, in Romance languages: BIRD), better known as the World Bank, is an international organization whose original mission was to finance the reconstruction of nations devastated by WWII. Now, its mission has expanded to fight poverty by means...


Leadership

Deborah D. Pryce (born July 29, 1951) is an American politician from Ohio. ... Carolyn Maloney (born on February 19, 1948) is a politician from the U.S. state of New York. ...

Subcommittee on Financial Institutions and Consumer Credit

Jurisdiction

The subcommittee focuses on banks, depository institutions, deposit insurance, and the overall safety and soundness of the banking system.


Leadership

Spencer Bachus Spencer Thomas Bachus III (born December 28, 1947), American politician, has been a Republican member of the United States House of Representatives since 1993, representing the 6th District of Alabama (map). ... Sanders, at the podium, announces National Dairy Equity Act Bernard (Bernie) Sanders (born September 8, 1941) has been a member of the United States House of Representatives since 1991, representing the state of Vermont. ...

Subcommittee on Housing and Community Opportunity

Jurisdiction

The subcommittee oversees public and private housing, community development, and the Department of Housing and Urban Development. The panel has done extensive work to evaluate and form solutions for housing affordability shortages across America. The United States Department of Housing and Urban Development, often abbreviated HUD, is a Cabinet department of the United States government. ...


Leadership

Robert William Ney (born July 5, 1954) is an American politician of the Republican Party who serves as a U.S. representative from the 18th District of Ohio. ... Maxine Waters Maxine Waters (born Maxine Moore Carr on August 15, 1938), United States politician, has been a Democratic member of the United States House of Representatives since 1991, representing the 35th District of California (map). ...

Subcommittee on Oversight and Investigations

Jurisdiction

The subcommittee is charged with oversight of all matters within the jurisdiction of the Committee on Financial Services. Its investigations have ranged from corrupt housing authorities to financial fraud.


Leadership

Sue Kelly Sue W. Kelly (born on September 26, 1936), American politician, has been a Republican member of the United States House of Representatives since 1994, representing the 19th District of New York. ... Luis Vicente Gutierrez (born December 10, 1953), American politician, has been a Democratic member of the United States House of Representatives since 1993, representing the 4th District of Illinois. ...

Chairmen

See also

The United States Senate Committee on Banking, Housing, and Urban Affairs 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...

External link

  • House Committee on Financial Services Homepage
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  Results from FactBites:
 
Assurance Services: Encyclopedia of Business and Finance (1824 words)
In an audit of financial statements, the CPA examines the transactions that underlie an entity's financial statements and reports whether the financial statements are fairly stated in conformity with generally accepted accounting principles.
Assurance services might involve the type of reports provided in more traditional attestation engagements or they might provide less structured communications, such as reports without explicit conclusions or reports that are issued only when there are problems.
The service deals with identifying or providing explicit assurance on the financial or nonfinancial measures used to evaluate the effectiveness or efficiency of the organization's activities.
  More results at FactBites »


 

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