the financial services committee operates with six subcommittees. the jurisdiction over insurance was transferred in 2001 to the then-house banking and financial services committee from the house energy and commerce committee. since that time it had been the purview of the subcommittee on capital markets, insurance and government sponsored enterprises. but "with plans to reform fannie mae and freddie mac expected to take up much of that panel's agenda, insurance instead [was] moved to a new subcommittee on insurance, housing and community opportunity [as of the 112th congress]." in the 115th congress, a new subcommittee on terrorism and illicit finance was created, dedicated to disrupting the financing of terrorist organizations.