United States Senate Committee on Finance

{{Short description|Standing committee of the US Senate; deals with matters relating to taxation, debts, trade, etc.}}
{{Use mdy dates|date=January 2023}}
{{Infobox U.S. congressional committee
| name               = Senate Finance Committee
| type               = standing
| chamber            = senate
| congress           = 117th
| status             = active
| formed             = December 10, 1816
| chair              = [[Ron Wyden]]
| chair_party        = D
| chair_since        = February 3, 2021
| ranking_member     = [[Mike Crapo]]
| rm_party           = R
| rm_since           = February 3, 2021
| seats              = 27 members
| majority1  = D 
| majority1_seats = 14
| minority1          = R
| minority1_seats    = 13
| policy_areas       = [[Children's Health Insurance Program]], [[Customs duties in the United States|Customs]], [[Cash management|Deposit of public moneys]], [[Duty (economics)|Duties]], [[Fund accounting#Federal_government_funds|Federal trust funds]], [[Health care finance in the United States|Healthcare finance]], [[Foreign trade of the United States|International trade]], [[Mandatory spending]], [[Medicare (United States)|Medicare]], [[Medicaid]], [[National debt of the United States|National debt]], [[Port of entry|Ports of entry]], [[Public employee pension plans in the United States|Public pensions]], [[Insular areas|Revenue measures for territorial possessions]], [[Revenue sharing#In_taxation|Revenue sharing]], [[Social Security (United States)|Social Security]], [[Taxation in the United States|Taxation]], [[Temporary Assistance for Needy Families]], [[Trade agreements]], [[Unemployment insurance in the United States|Unemployment insurance]]
| oversight          = [[Alcohol and Tobacco Tax and Trade Bureau]], [[Bureau of the Fiscal Service]], [[Centers for Medicare & Medicaid Services]], [[United States Department of the Treasury|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]]
| counterpart        = [[United States House Committee on Ways and Means|House Committee on Ways and Means]]
| subcommittees      = <!-- use {{bulleted list|list_style=text-align:left|}} for formatting -->
| meeting_place      = [[Dirksen Senate Office Building|304 Dirksen Senate Office Building]]<br>[[Washington, D.C.]]
| meeting_image      =
| meeting_img_size   = 
| website            = {{url|www.finance.senate.gov}}
| chamber_rules      = [https://www.gpo.gov/fdsys/pkg/CDOC-113sdoc18/pdf/CDOC-113sdoc18.pdf#page=29 Rule XXV.1.(i), Standing Rules of the Senate]
| committee_rules    = [https://www.finance.senate.gov/imo/media/doc/43073.pdf Rules of the Committee on Finance]
| notes              = 
}}

The '''United States Senate Committee on Finance''' (or, less formally, '''Senate Finance Committee''') is a [[Standing committee (United States Congress)|standing committee]] of the [[United States Senate]]. The Committee concerns itself with matters relating to [[Taxation in the United States|taxation and other revenue]] measures generally, and those relating to the [[insular possessions]]; [[Bond (finance)|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 (United States)|Social Security Act]] (notably [[Medicare (United States)|Medicare]] and [[Medicaid]]) and health programs financed by a specific tax or trust fund; national social security; [[Trade pact|reciprocal trade agreements]]; [[tariff]] and [[import]] quotas, and related matters thereto; and the transportation of dutiable goods.<ref name="Committee">{{cite web |title=Jurisdiction |url=https://www.finance.senate.gov/about/jurisdiction |publisher=The United States Senate Committee on Finance |access-date=May 31, 2019 |language=en |date=1887}} {{PD-notice}}</ref> It is considered to be one of the most powerful committees in Congress.<ref>{{cite web|last=Faler|first=Brian|url=https://www.politico.com/story/2014/02/ron-wyden-finance-chairman-103352|title=The rise of Ron Wyden|date=2014-11-02|access-date=2023-06-11|website=Politico}}</ref>

==History==
<!-- Deleted image removed: [[File:Wyden.Lew.Hatch.jpg|thumb|Committee Chairman [[Ron Wyden]] (D-OR), and Ranking Member [[Orrin Hatch]] (R-UT), greet [[Secretary of Treasury]] [[Jack Lew]], center]] -->
The Committee on Finance is one of the original committees established in the Senate. First created on December 11, 1815, as a [[Select or special committee (United States)|select committee]] and known as the Committee on Finance and an [sic] Uniform National Currency, it was formed to alleviate economic issues arising from the War of 1812. On December 10, 1816, the Senate officially created the Committee on Finance as a [[standing committee]].  Originally, the Committee had power over tariffs, taxation, banking and currency issues and appropriations.  Under this authority the committee played an influential role in the most heated topics of the era, including numerous tariff issues and the [[Bank War]].<ref name="auto">{{cite web|title=History of the Committee on Finance United States Senate|url=http://www.finance.senate.gov/download/?id=f057dc65-9c25-4ec2-96be-36c67490ecad|publisher=Government Printing Office}}</ref> The committee was also influential in the creation of the [[U.S. Department of Interior|Department of Interior]] in 1849.<ref>Simms, Henry Harrison. Life of Robert M.T. Hunter: A Study in Sectionalism and Secession. Richmond: William Byrd Press, 1935</ref>  Under the Chairmanship of [[William Pitt Fessenden]], the committee played a decisive role during the [[American Civil War|Civil War]].  Appropriating all funds for the war effort as well as raising enough funds to finance the war through tariffs and the nation's first income tax.  Additionally, the committee produced the Legal Tender Act of 1862, the nation's first reliance on paper currency.<ref>Jellison, Charles A. Fessenden of Maine, Civil War Senator. Syracuse: Syracuse University Press, 1962.</ref>

In 1865 the [[United States House of Representatives|House of Representatives]] created an [[House Appropriations Committee|Appropriations Committee]] to relieve the burden from the [[United States House Committee on Ways and Means|Committee on Ways and Means]].  The [[United States Senate|Senate]] followed this example by forming the [[U.S. Senate Committee on Appropriations|Senate Appropriations Committee]] in 1867.<ref name="auto"/>

Despite the loss of one of its signature duties, the committee continued to play a prominent role in the major issues of the nation.  The committee was at the center of the debate over the silver question in the latter half of the 19th Century.  Passage of the [[Bland–Allison Act]] and the [[Sherman Silver Purchase Act]] were attempts to remedy the demand for silver, though the silver cause would eventually fail by the end of the century.<ref>Sherman, John. Recollections of Forty Years in The House, Senate, and Cabinet: An Autobiography. 2 vols. 1895. Reprint. New York: Greenwood Press, 1968.</ref>  The committee also continued to play a role in the debate over income taxes.  The repeal of the Civil War income taxes in the 1870s would eventually be raised in 1894 with the passage of a new income tax law.  The Supreme Court's decision in {{ussc|name=Pollock v. Farmers' Loan & Trust Co.|157|429|1895}} ruled the income tax as unconstitutional, since it was not based on apportionment.  The fight for an income tax finally culminated with the [[Payne–Aldrich Tariff Act]] of 1909.  In order to pass the new tariff Senate leaders, including Chairman [[Nelson Aldrich]], allowed for a Constitutional Amendment to be passed.  Four years later the [[Sixteenth Amendment to the United States Constitution|16th Amendment]] was officially ratified and in 1913 the nation's first peacetime income tax was instituted.<ref>Stephenson, Nathaniel W. Nelson W. Aldrich: A Leader In American Politics. 1930. Reprint. New York: Kennikat Press, 1971.</ref>

Around that same time the committee lost jurisdiction over banking and currency issues to the newly created [[United States Senate Committee on Banking, Housing, and Urban Affairs|Committee on Banking and Currency]].  The committee did gain jurisdiction over veterans’ benefits when it successfully passed the War Risk Insurance Act of 1917.  The act shifted pensions from gratuities to benefits and served as one of the first life insurance programs created under the federal government.<ref name="auto"/>

The Finance Committee continued to play an increasingly important role in the lives of the nation's veterans.  The committee helped consolidate the veteran bureaucracy by streamlining the various responsibilities into a Veterans' Bureau, which would ultimately become the Veterans' Administration.  In 1924, the committee passed a [[Adjusted Compensation Payment Act|"Bonus Bill"]] that compensated World War I veterans for their service.<ref>The Provision of Federal
Benefits for Veterans. House Committee Print 171, 84th Congress, 1st Session, December 28, 1955</ref>  This series of improved veteran benefits reached a crescendo in 1944 with the passage of the [[GI Bill|Servicemen's Readjustment Act]].  Senator [[Bennett Clark|Bennett "Champ" Clark]], who served as the Chairman of the Subcommittee on Veterans, assured smooth sailing of the bill through the Senate.  The bill not only ended the usual demands from returning veterans that had been seen in nearly every war the US had participated in, but also provided more generous benefits than veterans had previously received, including funds for continuing education, loans and unemployment insurance.<ref>Bennett, Michael. When Dreams Come True: The G.I. Bill and the Making of Modern America. Washington: Potomac Books, Inc., 1999.</ref>

Not all Finance Committee legislation was as well received as the G.I. Bill.  At the beginning of the [[Great Depression]] the committee passed the [[Smoot–Hawley Tariff Act]].  The act greatly increased tariffs and had a negative effect on the nation's economy.  Following traditional economic practices the members of the committee, including Chairman [[Reed Smoot]], felt that protection of American businesses was required in order to buoy them during the dire economic times.  The effort backfired and the economic situation worsened.  The Smoot-Hawley Tariff would eventually be replaced by the [[Reciprocal Tariff Act]] of 1934 which authorized the President to negotiate trade agreements.  This act not only set up the trade policy system as it exists today but also effectively transferred trade making policy from the Congress to the President.<ref>Dobson, John. Two Centuries of Tariffs: The Background and Emergence of the U.S. International Trade Commission. Washington:U.S. Government Printing Office, 1976.</ref>

The committee also played an important role in two major acts created under the [[New Deal]].  The committee received jurisdiction over the [[National Industrial Recovery Act]] because of tax code changes in the bill.  The new bureaucracy was President [[Franklin D. Roosevelt]]'s attempt to stimulate the economy and promote jobs for unemployed Americans while also regulating businesses.  The National Recovery Administration would ultimately fail as it lost public support, but the act served as a springboard for the [[Wagner Act]] and the [[National Labor Board]].<ref>Ratner, Sidney. Taxation and Democracy in America. Octagon Books, 1980.</ref>

Probably the largest and most lasting pieces of legislation shaped by the Finance Committee during the New Deal was the 1935 [[Social Security (United States)|Social Security Act]].  Once again, the committee received jurisdiction owing to the payroll taxes that would be enacted to pay for the new program.  The act was the first effort by the federal government to provide benefits to the elderly and the unemployed, leading to enhanced economic welfare for many elderly Americans.<ref>Swain, Martha H. Pat Harrison: The New Deal Years. Jackson: University Press of Mississippi, 1978.</ref>

In 1981, a Senate Resolution required the printing of the History of the Committee on Finance.<ref name="auto"/>

==Role==
The role of the Senate Committee on Finance is very similar to that of the [[House Committee on Ways and Means]]. The one exception in terms of authority is that the Finance Committee  has jurisdiction over both Medicare and Medicaid, while the House Ways and Means Committee only has jurisdiction over Medicare. (The [[United States House Committee on Energy and Commerce|House Energy and Commerce Committee]] has jurisdiction over Medicaid.) The other difference in terms of power is that all revenue raising measures must originate in the House, giving the Ways and Means Committee a slight edge in setting tax policy.

In addition to having jurisdiction over legislation, the Committee on Finance has extensive oversight powers. It has authority to investigate, review and evaluate existing laws, and the agencies that implement them.

==Jurisdiction==
In accordance of Rule XXV of the United States Senate, all proposed legislation, messages, petitions, memorials, and other matters relating to the following subjects are referred to the Senate Committee on Finance:
# Bonded debt of the United States, except as provided in the Congressional Budget Act of 1974;
# Customs, collection districts, and ports of entry and delivery;
# Deposit of public moneys;
# General revenue sharing;
# Health programs under the Social Security Act and health programs financed by a specific tax or trust fund;
# National social security;
# Reciprocal trade agreements;
# Revenue measures generally, except as provided in the Congressional Budget Act of 1974;
# Revenue measures relating to the insular possessions;
# Tariffs and import quotas, and matters related thereto; and,
# Transportation of dutiable goods.<ref name="Committee"/>

Given its broad remit with regards to [[taxation]], [[mandatory spending]], [[international trade]], [[Social Security (United States)|Social Security]], [[Temporary Assistance to Needy Families]], [[national debt of the United States|interest on the national debt]], and [[health care finance in the United States|healthcare finance]]—including [[Medicare (United States)|Medicare]], [[Medicaid]], and the [[Children's Health Insurance Program]]—the Senate Committee on Finance is arguably one of the most influential standing committees in either house of Congress.<ref>{{Cite news|url=https://www.reuters.com/article/us-usa-healthcare-senate-idUSKCN1PT2E4|title=Powerful Senate committee invites pharma executives to testify|newspaper=Reuters|date=February 4, 2019|via=www.reuters.com}}</ref><ref>{{Cite web|url=https://www.govtrack.us/congress/committees/SSFI|title=Senate Committee on Finance|website=GovTrack.us}}</ref> A wide array of senators with differing policy interests seek membership on the Committee due to its broad role in setting [[fiscal policy|fiscal]], [[tax]], [[trade]], [[health]], and [[social policy]].

== Members, 118th Congress ==
{{main|118th United States Congress}}

{| class=wikitable
! Majority<ref>{{USBill|118|SRes|30}} (118th Congress)</ref>
! Minority<ref>{{USBill|118|SRes|31}} (118th Congress)</ref>
|-
| {{party shading/Democratic}} valign=top |
* [[Ron Wyden]], Oregon, ''Chairman''
* [[Debbie Stabenow]], Michigan
* [[Maria Cantwell]], Washington
* [[Bob Menendez]], New Jersey
* [[Tom Carper]], Delaware
* [[Ben Cardin]], Maryland
* [[Sherrod Brown]], Ohio
* [[Michael Bennet]], Colorado
* [[Bob Casey, Jr.|Bob Casey]], Pennsylvania
* [[Mark Warner]], Virginia
* [[Sheldon Whitehouse]], Rhode Island
* [[Maggie Hassan]], New Hampshire
* [[Catherine Cortez Masto]], Nevada
* [[Elizabeth Warren]], Massachusetts
| {{party shading/Republican}} valign=top |
* [[Mike Crapo]], Idaho, ''Ranking Member''
* [[Chuck Grassley]], Iowa
* [[John Cornyn]], Texas
* [[John Thune]], South Dakota
* [[Tim Scott]], South Carolina
* [[Bill Cassidy]], Louisiana
* [[James Lankford]], Oklahoma
* [[Steve Daines]], Montana
* [[Todd Young]], Indiana 
* [[John Barrasso]], Wyoming
* [[Ron Johnson]], Wisconsin
* [[Thom Tillis]], North Carolina
* [[Marsha Blackburn]], Tennessee
|}

==Subcommitteess==
{| class=wikitable
! Subcommittee<ref>{{cite web|url=https://www.finance.senate.gov/chairmans-news/wyden-crapo-announce-senate-finance-subcommittee-assignments|title=Wyden, Crapo Announce Senate Finance Subcommittee Assignments|date=February 9, 2023|accessdate=March 9, 2024|work=United States Senate Committee on Finance}}</ref>
! Chair
! Ranking Member
|-
| [[United States Senate Finance Subcommittee on Energy, Natural Resources, and Infrastructure|Energy, Natural Resources, and Infrastructure]]
| [[Debbie Stabenow]] (D-MI)
| [[James Lankford]] (R-OK)
|-
| [[United States Senate Finance Subcommittee on International Trade, Customs, and Global Competitiveness|International Trade, Customs, and Global Competitiveness]]
| [[Tom Carper]] (D-DE)
| [[John Cornyn]] (R-TX)
|-
| [[United States Senate Finance Subcommittee on Health Care|Health Care]]
| [[Ben Cardin]] (D-MD)
| [[Steve Daines]] (R-MT)
|-
| [[United States Senate Finance Subcommittee on Social Security, Pensions, and Family Policy|Social Security, Pensions, and Family Policy]]
| [[Sherrod Brown]] (D-OH)
| [[Thom Tillis]] (R-NC)
|-
| [[United States Senate Finance Subcommittee on Taxation and IRS Oversight|Taxation and IRS Oversight]]
| [[Michael Bennet]] (D-CO)
| [[John Thune]] (R-SD)
|-
| [[United States Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth|Fiscal Responsibility and Economic Growth]]
| [[Maggie Hassan]] (D-NH)
| [[Chuck Grassley]] (R-IA)
|}

==Chairs==
{| class=wikitable
!Chairman
!Party
!State
!Years
|-
|[[George W. Campbell]]
|{{Party shading/Democratic-Republican}} |[[Democratic-Republican Party (United States)|Democratic-Republican]]
|[[List of United States senators from Tennessee|Tennessee]]
|1815–1818
|-
|[[John Wayles Eppes]]
|{{Party shading/Democratic-Republican}} |[[Democratic-Republican Party (United States)|Democratic-Republican]] 
|[[List of United States senators from Virginia|Virginia]]
|1818–1819
|-
|[[Nathan Sanford]]
|{{Party shading/Democratic-Republican}} |[[Democratic-Republican Party (United States)|Democratic-Republican]]
|[[List of United States senators from New York|New York]]
|1819–1821
|-
|[[John Holmes (Maine politician)|John Holmes]]
|{{Party shading/Democratic-Republican}} |[[Democratic-Republican Party (United States)|Democratic-Republican]]
|[[List of United States senators from Maine|Maine]]
|1821–1822
|-
|[[Walter Lowrie (politician)|Walter Lowrie]]
|{{Party shading/Democratic-Republican}} |[[Democratic-Republican Party (United States)|Democratic-Republican]]
|[[List of United States senators from Pennsylvania|Pennsylvania]]
|1822–1823
|-
|rowspan=3 |[[Samuel Smith (Maryland politician)|Samuel Smith]]
|{{Party shading/Democratic-Republican}} |[[Democratic-Republican Party (United States)|Democratic-Republican]]
|rowspan=3 |[[List of United States senators from Maryland|Maryland]]
|rowspan=3 |1823–1832
|-
|{{Party shading/Democratic-Republican}} |[[Democratic-Republican Party (United States)|Crawford Democratic-Republican]]
|-
|{{Party shading/Jacksonian}} |[[Jacksonian democracy|Jacksonian]]
|-
|[[John Forsyth (Georgia)|John Forsyth]]
|{{Party shading/Jacksonian}} |[[Jacksonian democracy|Jacksonian]]
|[[List of United States senators from Georgia|Georgia]]
|1832–1833
|-
|[[Daniel Webster]]
|{{Party shading/Anti-Jacksonian}} |[[Anti-Jacksonian]]
|[[List of United States senators from Massachusetts|Massachusetts]]
|1833–1836
|-
|rowspan=2 |[[Silas Wright]]
|{{Party shading/Jacksonian}} |[[Jacksonian democracy|Jacksonian]]
|rowspan=2 |[[List of United States senators from New York|New York]]
|rowspan=2 |1836–1841
|-
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|-
|[[Henry Clay]]
|{{Party shading/Whig}} |[[Whig Party (United States)|Whig]]
|[[List of United States senators from Kentucky|Kentucky]]
|1841
|-
|[[George Evans (American politician)|George Evans]]
|{{Party shading/Whig}} |[[Whig Party (United States)|Whig]]
|[[List of United States senators from Maine|Maine]]
||1841–1845
|-
|[[Levi Woodbury]]<ref>Chaired a special session of the 29th Congress.  His ten-day chairmanship of the committee is the shortest on record.</ref>
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from New Hampshire|New Hampshire]]
|1845
|-
|[[John C. Calhoun]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from South Carolina|South Carolina]]
|1845–1846
|-
|[[Dixon H. Lewis]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Alabama|Alabama]]
|1846–1847
|-
|[[Charles G. Atherton]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from New Hampshire|New Hampshire]]
|1847–1849
|-
|[[Daniel S. Dickinson]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from New York|New York]]
|1849–1850
|-
|[[Robert M. T. Hunter]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Virginia|Virginia]]
|1850–1861
|-
|[[James A. Pearce]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Maryland|Maryland]]
|1861
|-
|[[William P. Fessenden]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Maine|Maine]]
|1861–1864
|-
|[[John Sherman (politician)|John Sherman]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Ohio|Ohio]]
|1864–1865
|-
|[[William P. Fessenden]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Maine|Maine]]
|1865–1867
|-
|[[John Sherman (politician)|John Sherman]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Ohio|Ohio]]
|1867–1877
|-
|[[Justin Smith Morrill]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Vermont|Vermont]]
|1877–1879
|-
|[[Thomas F. Bayard|Thomas F. Bayard, Sr.]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Delaware|Delaware]]
|1879–1881
|-
|[[Justin Smith Morrill]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Vermont|Vermont]]
|1881–1893
|-
|[[Daniel W. Voorhees]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Indiana|Indiana]]
|1893–1895
|-
|[[Justin Smith Morrill]]<ref>Morrill holds the longest non-continuous service as Chairman, at eighteen years.  Russell Long holds the longest continuous service as chairman, at sixteen years.</ref>
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Vermont|Vermont]]
|1895–1898
|-
|[[Nelson W. Aldrich]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Rhode Island|Rhode Island]]
|1898–1911
|-
|[[Boies Penrose]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Pennsylvania|Pennsylvania]]
|1911–1913
|-
|[[Furnifold M. Simmons]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from North Carolina|North Carolina]]
|1913–1919
|-
|[[Boies Penrose]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Pennsylvania|Pennsylvania]]
|1919–1921
|-
|[[Porter J. McCumber]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from North Dakota|North Dakota]]
|1921–1923
|-
|[[Reed Smoot (U. S. Senator)|Reed Smoot]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Utah|Utah]]
|1923–1933
|-
|[[Pat Harrison]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Mississippi|Mississippi]]
|1933–1941
|-
|[[Walter F. George]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Georgia|Georgia]]
|1941–1947
|-
|[[Eugene D. Millikin]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Colorado|Colorado]]
|1947–1949
|-
|[[Walter F. George]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Georgia|Georgia]]
|1949–1953
|-
|[[Eugene D. Millikin]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Colorado|Colorado]]
|1953–1955
|-
|[[Harry F. Byrd]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Virginia|Virginia]]
|1955–1965
|-
|[[Russell B. Long]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Louisiana|Louisiana]]
|1965–1981
|-
|[[Bob Dole]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Kansas|Kansas]]
|1981–1985
|-
|[[Bob Packwood]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Oregon|Oregon]]
|1985–1987
|-
|[[Lloyd Bentsen]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Texas|Texas]]
|1987–1993
|-
|[[Daniel Patrick Moynihan]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from New York|New York]]
|1993–1995
|-
|[[Bob Packwood]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Oregon|Oregon]]
|1995
|-
|[[William V. Roth, Jr.]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Delaware|Delaware]]
|1995–2001
|-
|[[Max Baucus]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Montana|Montana]]
|2001
|-
|[[Chuck Grassley]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Iowa|Iowa]]
|2001
|-
|[[Max Baucus]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Montana|Montana]]
|2001–2003
|-
|[[Chuck Grassley]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Iowa|Iowa]]
|2003–2007
|-
|[[Max Baucus]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Montana|Montana]]
|2007–2014
|-
|[[Ron Wyden]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Oregon|Oregon]]
|2014–2015
|-
|[[Orrin Hatch]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Utah|Utah]]
|2015–2019
|-
|[[Chuck Grassley]]
|{{Party shading/Republican}} |[[Republican Party (United States)|Republican]]
|[[List of United States senators from Iowa|Iowa]]
|2019–2021
|-
|[[Ron Wyden]]
|{{Party shading/Democratic}} |[[Democratic Party (United States)|Democratic]]
|[[List of United States senators from Oregon|Oregon]]
|2021–present
|}
==Historical committee rosters==
===117th Congress===
{{main|117th United States Congress}}
{| class=wikitable
! Majority
! Minority
|-
| {{party shading/Democratic}} valign=top |
* [[Ron Wyden]], Oregon, ''Chairman''
* [[Debbie Stabenow]], Michigan
* [[Maria Cantwell]], Washington
* [[Bob Menendez]], New Jersey
* [[Tom Carper]], Delaware
* [[Ben Cardin]], Maryland
* [[Sherrod Brown]], Ohio
* [[Michael Bennet]], Colorado
* [[Bob Casey, Jr.|Bob Casey]], Pennsylvania
* [[Mark Warner]], Virginia
* [[Sheldon Whitehouse]], Rhode Island
* [[Maggie Hassan]], New Hampshire
* [[Catherine Cortez Masto]], Nevada
* [[Elizabeth Warren]], Massachusetts
| {{party shading/Republican}} valign=top |
* [[Mike Crapo]], Idaho, ''Ranking Member''
* [[Chuck Grassley]], Iowa
* [[John Cornyn]], Texas
* [[John Thune]], South Dakota
* [[Richard Burr]], North Carolina
* [[Rob Portman]], Ohio 
* [[Pat Toomey]], Pennsylvania
* [[Tim Scott]], South Carolina
* [[Bill Cassidy]], Louisiana
* [[James Lankford]], Oklahoma
* [[Steve Daines]], Montana
* [[Todd Young]], Indiana 
* [[Ben Sasse]], Nebraska
* [[John Barrasso]], Wyoming
|}

;Subcommittees
{| class=wikitable
! Subcommittee
! Chair
! Ranking Member
|-
| [[United States Senate Finance Subcommittee on Energy, Natural Resources, and Infrastructure|Energy, Natural Resources, and Infrastructure]]
| [[Debbie Stabenow]] (D-MI)
| [[James Lankford]] (R-OK)
|-
| [[United States Senate Finance Subcommittee on International Trade, Customs, and Global Competitiveness|International Trade, Customs, and Global Competitiveness]]
| [[Tom Carper]] (D-DE)
| [[John Cornyn]] (R-TX)
|-
| [[United States Senate Finance Subcommittee on Health Care|Health Care]]
| [[Ben Cardin]] (D-MD)
| [[Steve Daines]] (R-MT)
|-
| [[United States Senate Finance Subcommittee on Social Security, Pensions, and Family Policy|Social Security, Pensions, and Family Policy]]
| [[Sherrod Brown]] (D-OH)
| [[Thom Tillis]] (R-NC)
|-
| [[United States Senate Finance Subcommittee on Taxation and IRS Oversight|Taxation and IRS Oversight]]
| [[Michael Bennet]] (D-CO)
| [[John Thune]] (R-SD)
|-
| [[United States Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth|Fiscal Responsibility and Economic Growth]]
| [[Maggie Hassan]] (D-NH)
| [[Chuck Grassley]] (R-IA)
|}

=== 116th Congress===
{{Main|116th United States Congress}}
{|class=wikitable
! Majority
! Minority
|-
| {{party shading/Republican}} valign=top |
* [[Chuck Grassley]], Iowa, ''Chairman''
* [[Mike Crapo]], Idaho
* [[John Cornyn]], Texas
* [[John Thune]], South Dakota
* [[Richard Burr]], North Carolina
* [[Rob Portman]], Ohio
* [[Pat Toomey]], Pennsylvania
* [[Tim Scott]], South Carolina
* [[Bill Cassidy]], Louisiana
* [[James Lankford]], Oklahoma
* [[Steve Daines]], Montana
* [[Todd Young]], Indiana
* [[Ben Sasse]], Nebraska
| {{party shading/Democratic}} valign=top |
* [[Ron Wyden]], Oregon, ''Ranking Member''
* [[Debbie Stabenow]], Michigan
* [[Maria Cantwell]], Washington
* [[Bob Menendez]], New Jersey
* [[Tom Carper]], Delaware
* [[Ben Cardin]], Maryland
* [[Sherrod Brown]], Ohio
* [[Michael Bennet]], Colorado
* [[Bob Casey, Jr.|Bob Casey]], Pennsylvania
* [[Mark Warner]], Virginia
* [[Sheldon Whitehouse]], Rhode Island
* [[Maggie Hassan]], New Hampshire
* [[Catherine Cortez Masto]], Nevada
|}
;Subcommittees
{| class=wikitable
! Subcommittee
! Chair
! Ranking Member
|-
| [[United States Senate Finance Subcommittee on Energy, Natural Resources, and Infrastructure|Energy, Natural Resources, and Infrastructure]]
| [[Tim Scott]] (R-SC)
| [[Michael Bennet]] (D-CO)
|-
| [[United States Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth|Fiscal Responsibility and Economic Growth]]
| [[Bill Cassidy]] (R-LA)
| [[Maggie Hassan]] (D-NH)
|- 
| [[United States Senate Finance Subcommittee on Health Care|Health Care]]
| [[Pat Toomey]] (R-PA)
| [[Debbie Stabenow]] (D-MI)
|-
| [[United States Senate Finance Subcommittee on International Trade, Customs, and Global Competitiveness|International Trade, Customs, and Global Competitiveness]]
| [[John Cornyn]] (R-TX)
| [[Bob Casey Jr.]] (D-PA)
|-
| [[United States Senate Finance Subcommittee on Taxation and IRS Oversight|Taxation and IRS Oversight]]
| [[John Thune]] (R-SD)
| [[Mark Warner]] (D-VA)
|-
| [[United States Senate Finance Subcommittee on Social Security, Pensions, and Family Policy|Social Security, Pensions, and Family Policy]]
| [[Rob Portman]] (R-OH)
| [[Sherrod Brown]] (D-OH)
|}

Source<ref>{{Cite web|url=https://www.finance.senate.gov/about/subcommittees|title=The United States Senate Committee on Finance|website=www.finance.senate.gov|language=en|access-date=February 11, 2017}}</ref>

=== 115th Congress ===
{{main|115th United States Congress}}
{| class=wikitable style=nowrap
! Majority
! Minority
|-
| {{party shading/Republican}} valign=top |
* [[Orrin Hatch]], Utah, ''Chairman''
* [[Chuck Grassley]], Iowa
* [[Mike Crapo]], Idaho
* [[Pat Roberts]], Kansas
* [[Mike Enzi]], Wyoming
* [[John Cornyn]], Texas
* [[John Thune]], South Dakota
* [[Richard Burr]], North Carolina
* [[Johnny Isakson]], Georgia
* [[Rob Portman]], Ohio
* [[Pat Toomey]], Pennsylvania
* [[Dean Heller]], Nevada
* [[Tim Scott]], South Carolina
* [[Bill Cassidy]], Louisiana
| {{party shading/Democratic}} valign=top |
* [[Ron Wyden]], Oregon, ''Ranking Member''
* [[Debbie Stabenow]], Michigan
* [[Maria Cantwell]], Washington
* [[Bill Nelson (politician)|Bill Nelson]], Florida
* [[Bob Menendez]], New Jersey
* [[Tom Carper]], Delaware
* [[Ben Cardin]], Maryland
* [[Sherrod Brown]], Ohio
* [[Michael Bennet]], Colorado
* [[Bob Casey, Jr.|Bob Casey]], Pennsylvania
* [[Mark Warner]], Virginia
* [[Claire McCaskill]], Missouri
|}

==References==
{{reflist}}

==External links==
* {{official|https://www.finance.senate.gov/ }} ([https://www.loc.gov/item/lcwa00ssfi00/ Archive])
* [https://www.congress.gov/committee/senate-finance/ssfi00 Senate Finance Committee]. Legislation activity and reports, [[Congress.gov]].
*''[https://www.finance.senate.gov/imo/media/doc/history.pdf History of the Committee on Finance; United States Senate (pdf)]''. 4th ed. Washington, D.C.: [[United States Government Publishing Office|Government Printing Office]], 1981.

{{United States congressional committees}}

{{DEFAULTSORT:United States Senate Committee On Finance}}
[[Category:Committees of the United States Senate|Finance]]
[[Category:Economy of the United States]]
[[Category:1815 establishments in the United States]]
[[Category:Organizations established in 1815]]