United States House Committee on Financial Services facts for kids

Quick facts for kids
House Financial Services Committee

Standing committee
Active United States House of Representatives 119th Congress
History
Formed	December 11, 1865
Leadership
Chair	French Hill (R) Since January 3, 2025
Ranking member	Maxine Waters (D) Since January 3, 2023
Structure
Seats	54
Political parties	Majority (30)      Republican (30) Minority (24)      Democratic (24)
Website
(Republican) (Democratic)

The United States House Committee on Financial Services is a special group of lawmakers in the United States House of Representatives. Think of it like a team that watches over all things related to money and banking in the country. This includes banks, insurance companies, and even how people buy homes.

This committee also keeps an eye on important organizations like the Federal Reserve (which manages the nation's money) and the United States Department of the Treasury (which handles government finances). It's known as one of the most powerful committees in the House of Representatives.

Currently, French Hill from Arkansas is the leader, called the Chair. He started this role in 2025. The second-in-command, known as the Ranking Member, is Maxine Waters from California.

What Does This Committee Do?

The Financial Services Committee has specific areas it's responsible for. These include:

• Banks and banking rules, including how your money in a bank is protected.
• How the government helps the economy stay strong.
• Financial help for businesses and industries.
• Insurance rules for different types of coverage.
• Money matters between countries.
• International groups that deal with money.
• Rules about money, credit, and even gold and silver.
• Public and private housing programs.
• Rules for buying and selling stocks and other investments.
• Urban development, which means improving cities and towns.

A Look at Its History

This committee started a long time ago, on December 11, 1865. Back then, it was called the Banking and Currency Committee. It took over important jobs from another committee called the Ways and Means Committee. The committee kept its original name until 1968, when it changed to its current name.

Who Are the Members?

The committee has members from both the Republican and Democratic parties. Here are the members for the 119th Congress:

Smaller Groups: Subcommittees

Meeting of the House Financial Services Committee

The Financial Services Committee works with six smaller groups called subcommittees. These subcommittees focus on specific parts of the committee's overall job. For example, the area of insurance used to be handled by a different committee. But in 2001, it was moved to the Financial Services Committee. More recently, a new subcommittee was created to focus on stopping money from going to terrorist groups.

Current Subcommittees

Here are the current subcommittees and their leaders:

Past Leaders

Here is a list of the people who have led the committee as Chair over the years:

Here is a list of the Ranking Members:

See also

In Spanish: United States House Committee on Financial Services para niños

• United States Senate Committee on Banking, Housing, and Urban Affairs
• List of current United States House of Representatives committees