The subcommittee reviews laws and programs related to the U.S. capital markets, the securities industry, and government-sponsored enterprises, such as
Fannie Mae and
Freddie Mac. It also oversees the
Securities and Exchange Commission and self-regulatory organizations, such as the
New York Stock Exchange and the
Financial Industry Regulatory Authority, that police the securities markets. In 2001 the jurisdiction over insurance was transferred to the then-House Banking and Financial Services Committee from the
House Energy and Commerce Committee. Since that time it has 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]." ==Members, 119th Congress==