House Committee on Financial Services

The House Committee on Financial Services oversees the entire financial services industry, including banking, securities, insurance, and housing. It also monitors monetary policy, international finance, and efforts to combat terrorist financing. The committee exercises oversight of major federal agencies including the Federal Reserve, Treasury Department, Securities and Exchange Commission, Federal Deposit Insurance Corporation, and the Department of Housing and Urban Development.

Bills referred to the committee go through a structured review process. The committee operates six subcommittees—Capital Markets, Digital Assets and Financial Technology and Artificial Intelligence, Financial Institutions, Housing and Insurance, National Security and Illicit Finance and International Financial Institutions, and Oversight and Investigations—each handling specific policy areas. Subcommittees hold hearings, draft legislation, and conduct targeted oversight before bills advance to the full committee for consideration and potential floor votes.

Chairman J. French Hill, a Republican from Arkansas, leads the committee in the 119th Congress. Maxine Waters, a Democrat from California, serves as Ranking Member. The committee has 54 members total. Recent legislative activity includes bills addressing deposit insurance updates, defense production, housing reform, digital assets regulation, and financial crime prevention, reflecting the committee's broad jurisdiction over economic and financial policy.