About the Subcommittee
The Subcommittee on Monetary Policy and Trade has a wide range of legislative and oversight responsibilities related to the laws and institutions that affect the growth and stability of the U.S. economy, the international financial system, and our national security.
The subcommittee carries out extensive oversight of the Federal Reserve System and its conduct of monetary policy, including assessing its effectiveness in promoting maximum employment, stable prices, and moderate long-term interest rates consistent with its legislative mandate. The subcommittee plays an active role in overseeing the production, distribution and circulation of the nation’s circulating coinage and currency, as well as commemorative coins and medals.
The subcommittee oversees U.S. participation in the international financial institutions, including the International Monetary Fund, the World Bank and the regional development banks. The subcommittee has oversight responsibility over trade negotiations as they relate to market access issues with respect to the financial services sector, and is responsible for overseeing the Export-Import Bank, an agency whose mission is to create U.S. jobs through supporting exports.
The subcommittee conducts oversight of the implementation of the nation’s anti-money laundering and anti-terrorism financing statutes and activities related to the administering of U.S. economic sanctions.
Congresswoman Gwen Moore (WI) serves as ranking member of the subcommittee.
The complete jurisdiction of the subcommittee includes:
(i) financial aid to all sectors and elements within the economy;
(ii) economic growth and stabilization;
(iii) defense production matters as contained in the Defense Production Act of 1950, as amended;
(iv) domestic monetary policy, and agencies which directly or indirectly affect domestic monetary policy, including the effect of such policy and other financial actions on interest rates, the allocation of credit, and the structure and functioning of domestic financial institutions;
(v) coins, coinage, currency, and medals, including commemorative coins and medals, proof and mint sets and other special coins, the Coinage Act of 1965, gold and silver, including the coinage thereof (but not the par value of gold), gold medals, counterfeiting, currency de nominations and design, the distribution of coins, and the operations of the Bureau of the Mint and the Bureau of Engraving and Printing; and,
(vi) development of new or alternative forms of currency.