Senate Committee on Banking, Housing, and Urban Affairs

The Senate Committee on Banking, Housing, and Urban Affairs oversees the nation's financial system and housing markets. Its jurisdiction covers banks and banking, federal monetary policy, deposit insurance, financial aid to commerce, housing and urban development, mass transit, securities and insurance, digital assets, and international trade and finance. The committee reviews bills related to these areas, holds hearings on policy issues, conducts markups to refine legislation, and confirms executive nominees who regulate the financial system.

Bills referred to the committee follow a standard process: they are introduced, assigned to the committee, reviewed in hearings and subcommittees, debated and amended during markup sessions, and then reported to the full Senate for a floor vote. The committee has seven subcommittees that focus on specific areas including Digital Assets, Economic Policy, Financial Institutions and Consumer Protection, Housing and Transportation, National Security and International Trade, and Securities and Insurance.

The committee is chaired by Republican Tim Scott of South Carolina, with Democrat Elizabeth Warren of Massachusetts as ranking member. In 2025, the committee advanced bipartisan housing legislation, confirmed executive nominees, and conducted oversight of financial regulators. A major recent focus has been developing regulatory clarity for digital assets and cryptocurrency markets, with the committee releasing multiple discussion drafts and holding markups on comprehensive market structure legislation in early 2026.