National Security and International Trade and Finance

The Subcommittee on National Security and International Trade and Finance is one of six subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs. As a subcommittee, it holds initial hearings and reviews legislation within its specialized jurisdiction before matters proceed to the full Banking Committee, which has final authority to report bills to the Senate floor.

This subcommittee handles a focused slice of the Banking Committee's broader mandate: export and foreign trade promotion, federal export controls and financing, international economic policy, and international financial and development institutions. Its jurisdiction extends to key agencies including the World Bank, the International Monetary Fund, the U.S. Export-Import Bank, the International Trade Administration, and the Bureau of Industry and Security. The subcommittee also oversees the Defense Production Act and related trade security matters.

The subcommittee is chaired by Senator Bill Hagerty (R-TN), a former U.S. Ambassador to Japan and private equity investor with extensive experience in international trade and finance. The ranking member is Senator Andy Kim (D-NJ). The nine-member panel includes four Republicans and three Democrats, plus the chair and ranking member. Currently, no bills have been referred to the subcommittee for consideration in this Congress.