Financialservices.house.gov
The Committee oversees all components of the nation’s housing and financial services sectors including banking, insurance, real estate, public and assisted housing, and securities.
The Committee oversees all components of the nation’s housing and financial services sectors including banking, insurance, real estate, public and assisted housing, and securities.
The Committee also ensures enforcement of housing and consumer protection laws such as the U.S. Housing Act, the Truth In Lending Act, the Housing and Community Development Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, and financial privacy laws.
The Committee continually reviews the laws and programs relating to the U.S. Department of Housing and Urban Development, the Federal Reserve Bank, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, and international development and finance agencies such as the World Bank and the International Monetary Fund.
The subcommittee’s jurisdiction includes domestic monetary policy, and agencies which directly or indirectly affect domestic monetary policy, multilateral development lending institutions such as the World Bank, coins and currency including operations of the Bureau of the Mint and the Bureau of Engraving and Printing, and international trade and finance including all matters pertaining to the International Monetary Fund and the Export-Import Bank.
The Housing and Community Opportunity subcommittee, led by Chairwoman Maxine Waters , oversees the Department of Housing and Urban Development, and the Government National Mortgage Association.
Chairman Barney Frank represents Massachusetts’ Fourth Congressional District.
It also oversees the Securities and Exchange Commission and self-regulatory organizations, such as the New York Stock Exchange and the NASD, that police the securities markets.
The subcommittee oversees all financial regulators, such as the Federal Deposit Insurance Corporation and the Federal Reserve, all matters pertaining to consumer credit including the Consumer Credit Protection Act and access to financial services, as well as the safety and soundness of the banking system.
Led by Chairman Paul E. Kanjorski , the subcommittee reviews laws and programs related to the U.S. capital markets, the securities industry, the insurance industry generally , and government-sponsored enterprises, such as Fannie Mae and Freddie Mac.
Chairman Melvin L. Watt leads the subcommittee, which conducts oversight of the agencies, departments, and programs under the Committee’s jurisdiction.
