Capital Markets

The Subcommittee on Capital Markets is a specialized panel within the House Committee on Financial Services that focuses on the nation's securities and investment infrastructure. As a subcommittee, it conducts initial hearings and reviews legislation before matters proceed to the full Financial Services Committee, which has broad jurisdiction over banking, insurance, housing, and the entire financial services industry.

The subcommittee's jurisdiction covers a specific and critical slice of financial regulation. It oversees securities markets, stock exchanges, investment companies and advisers, retirement savings products, and the Securities and Exchange Commission. It also reviews activities involving derivatives, accounting standards, and self-regulatory organizations like the Financial Industry Regulatory Authority and the New York Stock Exchange. The subcommittee examines legislation aimed at protecting investors, promoting capital formation for businesses, and maintaining the integrity of U.S. capital markets.

The subcommittee is currently led by Ranking Member Brad Sherman (D-CA), with the chair position vacant. It has 25 members. Recent hearings have addressed modernization of capital markets through tokenization of securities and assets, reflecting the subcommittee's focus on how technology is reshaping investment infrastructure and regulatory frameworks. By handling these specialized capital markets issues, the subcommittee allows the broader Financial Services Committee to manage its expansive jurisdiction over the entire financial system.