Committees

Financial Services Committee

The duty of the Financial Services Committee is to oversee the entire industry of financial services. The industry includes securities, insurance, banking, and housing. In addition, the committee oversees the work done by the Federal Reserve, the treasury, the SEC, and other financial services regulators. Congressman Clay is working to ensure that the invested interests, that are inclusive of pensions, retirement plans and savings for college are protected from the financial tragedies such as the Enron and World Com.

Domestic Monetary Policy and Technology Subcommittee

Congressman Clay serves as the Ranking Member of the Domestic Monetary Policy and Technology Subcommittee. This is one of six subcommittees under the Financial Services Committee. The subcommittee has complete jurisdiction on financial aid to all sectors and elements within the economy, economic growth and stabilization, and domestic monetary policy.  In addition, the subcommittee oversees the development of new or alternative forms of currency.

Oversight and Government Reform Committee

The Oversight and Government Reform Committee is the culmination of several pre-existing committees that existed, beginning in 1816. The committee's immediate predecessor, the Committee on Government Operations, was established in 1952. The name change was intended to communicate the primary function of the committee, being to examine "the operations of Government activities at all levels with a view to determining their economy and efficiency." As one of the most instrumental committees in the House, the committee holds government-wide oversight jurisdiction and expanded legislative authority.