The House Financial Services Committee has jurisdiction over issues pertaining to the economy, the banking system, monetary policy, international finance, housing, insurance, and securities and exchanges. Additionally, the Committee also has jurisdiction over the Securities and Exchange Commission and Department of the Treasury and the Federal Reserve.
With jurisdiction over banking policy as well as securities and exchanges, the House Financial Services Committee is the origin of legislation which impacts executive compensation and corporate governance in the House of the Representatives. The Capital Markets, Securities, and Investment Subcommittee is the subcommittee which deals directly with executive compensation issues.
The majority party in the House of Representatives sets the agenda for the House Financial Services Committee and will own a majority vote in the Committee enabling it to pass legislation on to the larger House of Representatives. In the 115thh Congress, Republicans own a 36-24 seat majority over Democrats. The Committee is currently Chaired by Rep. Jeb Hensarling (R-TX) with Rep. Maxine Waters (D-CA) serving as Ranking Member.