Housing and Insurance

The Housing and Insurance Subcommittee is a specialized panel within the House Committee on Financial Services that focuses on a narrower slice of the parent committee's broad financial services jurisdiction. While the full Financial Services Committee oversees the entire financial services industry, this subcommittee concentrates specifically on housing and insurance matters.

The subcommittee's jurisdiction covers a wide range of housing and insurance topics. On the housing side, it oversees federal housing programs administered by the Department of Housing and Urban Development, mortgage and loan insurance, rural housing, homeless assistance programs, and housing construction standards. On the insurance side, it handles terrorism risk insurance, private mortgage insurance, flood insurance through the National Flood Insurance Program, and other government-sponsored insurance programs protecting against fire, earthquake, and natural hazards. The subcommittee also oversees secondary market organizations for home mortgages and the Federal Housing Finance Agency.

The subcommittee's leadership includes Ranking Member Emanuel Cleaver (D-MO), with the chair position currently vacant. The panel has 19 total members. In recent activity, the subcommittee held hearings in 2025 on housing supply and the HOME Investment Partnerships Program, a major federal housing block grant. In October 2025, the chair and ranking member introduced the HOME Reform Act of 2025, marking the first major reforms to the HOME program since its authorization in 1990, with bipartisan support focused on streamlining regulations to encourage affordable housing construction.