Senate Committee on Banking, Housing and Urban Affairs

U.S. Senate rules define the jurisdiction of the Senate Committee on Banking, Housing, and Urban Affairs as:

• Banks, banking, and financial institutions.
• Deposit insurance (i.e., Federal Deposit Insurance Corporation, Federal Savings and Loan Insurance Corporation, etc.)
• Economic stabilization and defense production.
• Export and foreign trade promotion.
• Export controls.
• Federal monetary policy, including the Federal Reserve System.
• Financial aid to commerce and industry.
• Issuance and redemption of notes.
• Money and credit, including currency and coinage.
• Nursing home construction.
• Public and private housing (including veterans housing).
• Renegotiation of Government contracts.
• Urban development and urban mass transit.

While the Committee is given authority in "matters relating to international economic policy as it affects United States monetary affairs, credit, and financial institutions; economic growth, urban affairs, and credit", this area may overlap that of the Senate Committee on Finance and the Senate Committee on Foreign Relations.

Leadership and organization

In the 111th Congress, the chair is Senator Christopher Dodd (D-CT), and Senator Richard Shelby (R-AL) is the Ranking Member of the Committee. It has five subcommittees:

• Subcommittee on Economic Policy, Senate Committee on Banking, Housing and Urban Affairs
• Subcommittee on Housing, Transportation, and Community Development, Senate Committee on Banking, Housing and Urban Affairs
• Subcommittee on Financial Institutions, Senate Committee on Banking, Housing and Urban Affairs
• Subcommittee on Security and International Trade and Finance, Senate Committee on Banking, Housing and Urban Affairs
• Subcommittee on Securities, Insurance, and Investment, Senate Committee on Banking, Housing and Urban Affairs