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Home , Burgess Owens

Preview of the Next Congress Senate Banking and House Financial Services Committees

Control of the Senate hangs in the balance at 50-48. If Democrats win both seats in Georgia on January 5, 2021 there will be a 50-50 tie and in that scenario Vice President-elect Kamala Harris casts the tiebreaking vote, giving Democrats control of the upper chamber. In the House, Republicans exceeded expectations by ousting at least twelve Democratic-held seats. Democrats will maintain their majority and control of the House, but Republicans will enter the 117th Congress having cut into the Democrats’ majority by more than half. Senate Banking Committee (SBC): If Republicans retain control of the upper chamber, Senator Pat Toomey (R-PA) will serve as Chair of the SBC for the next two years until his announced 2022 retirement. Toomey has said the Committee agenda may focus on housing finance reform, expanding investment opportunities for middle-income Americans, fintech issues, payment systems, digital currency, and CFPB reform. There will be some new faces on SBC next congress, with both Senators Doug Jones (D-AL) and Martha McSally (R-AZ) losing their reelections. As noted above, Senator David Perdue (R-GA) will be on the ballot again in January runoff. Senate Banking Committee Republicans Democrats 1. Mike Crapo (R-ID), Chairman 1. Sherrod Brown (D-OH), Ranking 2. Richard C. Shelby (R-AL) 2. Jack Reed (D-RI) 3. Patrick J. Toomey (R-PA) 3. Robert Menendez (D-NJ) 4. Tim Scott (R-SC) 4. Jon Tester (D-MT) 5. Ben Sasse (R-NE) 5. Mark R. Warner (D-VA) 6. Tom Cotton (R-AR) 6. Elizabeth Warren (D-MA) 7. Mike Rounds (R-SD) 7. Brian Schatz (D-HI) 8. David Perdue (R-GA) 8. Chris Van Hollen (D-MD) 9. Thom Tillis (R-NC) 9. Catherine Cortez Masto (D-NV) 10. John Kennedy (R-LA) 10. Doug Jones (D-AL) 11. Martha McSally (R-AZ) 11. Tina Smith (D-MN) 12. Jerry Moran (R-KS) 12. Kyrsten Sinema (D-AZ) 13. Kevin Cramer (R-ND) Won reelection Not up for election Lost election/retired Not yet called

House Financial Services Committee (HFSC): Committee Chairwoman (D-CA) and Ranking Member Patrick McHenry (R-NC) were reelected. It was an especially good night for HFSC Republican incumbents as Representatives (R-MO), (R-AR), Andy Barr (R-KY) and (R-TX) all pulled off wins in expensive and tight races and although it has not been officially called, (R-NY) is also expected to win reelection. However, challenger Burgess Owens defeated Representative Ben McAdams (D-UT). House Financial Services Committee Democrats Republicans 1. Maxine Waters (CA-43), Chair 1. Patrick T. McHenry (NC-10) 2. Carolyn B. Maloney (NY-12) 2. Frank D. Lucas (OK-3) 3. Nydia M. Velázquez (NY-7) 3. (FL-8) 4. (CA-30) 4. (MO-3) 5. Gregory W. Meeks (NY-5) 5. (MI-2) 6. Wm. Lacy Clay (MO-1) 6. Steve Stivers (OH-15) 7. David Scott (GA-13) 7. Ann Wagner (MO-2) 8. (TX-9) 8. Andy Barr (KY-6) 9. (MO-5) 9. Scott R. Tipton (CO-3) 10. (CO-7) 10. Roger Williams (TX-25) 11. James A. Himes (CT-4) 11. J. French Hill (AR-2) 12. (IL-11) 12. (MN-6) 13. (OH-3) 13. Lee M. Zeldin (NY-1) 14. Denny Heck (WA-10) 14. (GA-11) 15. (CA-51) 15. Alexander X. Mooney (WV-2) 16. (NJ-5) 16. (OH-8) 17. Vicente Gonzalez (TX-15) 17. (NC-13) 18. , Jr. (FL-5) 18. (TN-8) 19. Michael F. Q. San Nicolas (GU-AL) 19. (IN-9) 20. (MI-13) 20. Anthony Gonzalez (OH-16) 21. (CA-45) 21. John W. Rose (TN-6) 22. Cynthia Axne (IA-3) 22. (WI-1) 23. (IL-6) 23. (TX-5) 24. (MA-7) 24. Denver Riggleman (VA-5) 25. Ben McAdams (UT-4) 25. William R. Timmons IV (SC-4) 26. Alexandria Ocasio-Cortez (NY-14) 26. Van Taylor (TX-3) 27. (VA-10) 28. Stephen F. Lynch (MA-8) 29. Tulsi Gabbard (HI-2) 30. Alma S. Adams (NC-12) 31. (PA-4) Won reelection 32. Jesús G. "Chuy" García (IL-4) Not up for election 33. Sylvia R. Garcia (TX-29) Lost election/retired 34. (MN-3) Not yet called