United States Senate Committee on Finance

Senate Finance Committee

Standing committee
Active United States Senate 118th Congress
History
Formed	December 10, 1816
Leadership
Chair	Ron Wyden (D) Since February 3, 2021
Ranking member	Mike Crapo (R) Since February 3, 2021
Structure
Seats	27 members
Political parties	Majority (14)   Democratic (14) Minority (13)   Republican (13)
Jurisdiction
Policy areas	Children's Health Insurance Program, Customs, Deposit of public moneys, Duties, Federal trust funds, Healthcare finance, International trade, Mandatory spending, Medicare, Medicaid, National debt, Ports of entry, Public pensions, Revenue measures for territorial possessions, Revenue sharing, Social Security, Taxation, Temporary Assistance for Needy Families, Trade agreements, Unemployment insurance
Oversight authority	Alcohol and Tobacco Tax and Trade Bureau, Bureau of the Fiscal Service, Centers for Medicare & Medicaid Services, Department of the Treasury, Federal Employees Retirement System, Federal Retirement Thrift Investment Board, Internal Revenue Service, Joint Committee on Taxation, Office of the United States Trade Representative, Social Security Administration, Treasury Inspector General for Tax Administration, United States Customs and Border Protection
House counterpart	House Committee on Ways and Means
Meeting place
215 Dirksen Senate Office Building Washington, D.C.
Website
www.finance.senate.gov
Rules
Rule XXV.1.(i), Standing Rules of the Senate Rules of the Committee on Finance

The United States Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. The Committee concerns itself with matters relating to taxation and other revenue measures generally, and those relating to the insular possessions; bonded debt of the United States; customs, collection districts, and ports of entry and delivery; deposit of public moneys; general revenue sharing; health programs under the Social Security Act (notably Medicare and Medicaid) and health programs financed by a specific tax or trust fund; national social security; reciprocal trade agreements; tariff and import quotas, and related matters thereto; and the transportation of dutiable goods.^[1] It is considered to be one of the most powerful committees in Congress.^[2]