the united states house committee on financial services, also referred to as the house banking committee and formerly known as the committee on banking and currency, is the committee of the united states house of representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries. the financial services committee also oversees the work of the federal reserve, the united states department of the treasury, the u.s. securities and exchange commission and other financial services regulators. it is currently chaired by democrat maxine waters from california. waters was elected as chair of the committee, and assumed office on january 3, 2019.