Senate Banking Committee gets its operating budget for two years
S.Res. 58 — An original resolution authorizing expenditures by the Committee on Banking, Housing, and Urban Affairs. · Filed by Tim Scott (R-SC) · Introduced Feb 5, 2025 · Reported out
Your members of Congress
Enter a ZIP to see where your representative and both senators stood on this bill.
Looked up on this device — your ZIP is never stored on our servers.
What it does
This resolution authorizes the Senate Committee on Banking, Housing, and Urban Affairs to spend money from the Senate's contingent fund for its operations from March 1, 2025, through February 28, 2027. It sets spending caps of roughly $5.1 million for the first partial year, $8.8 million for fiscal year 2026, and $3.7 million for the final partial period, covering staff salaries, consultants, and training. This is routine congressional housekeeping that allows the committee to function, hold hearings, and conduct investigations.
Why we flagged it
This is a standard biennial operating resolution that every Senate committee requires to spend money and employ staff; it contains no policy provisions and is purely administrative.
What the text implies
- The relatively modest consultant cap ($20,000 for FY2026) may limit the committee's ability to bring in outside expertise on complex financial regulatory matters.
- Nonreimbursable use of executive-branch agency personnel, if exercised, could raise questions about the independence of committee investigations from the agencies being overseen.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
A funded, operational Senate Banking Committee can conduct oversight of financial institutions, housing policy, and urban affairs — functions that serve the public interest. Without this authorization, the committee could not hire staff or hold hearings.
Who stands to gain
- committee staff and employees (salaries)
- individual consultants hired by the committee
Named in the bill
Senate Committee on Banking, Housing, and Urban Affairs, Committee on Rules and Administration, Office of the Sergeant at Arms and Doorkeeper, Postmaster of the Senate, Senate Recording and Photographic Services, Legislative Reorganization Act of 1946, Mr. Scott of South Carolina
Where it stands
- Feb 5, 2025 — Introduced · Congress.gov: “Introduced in Senate”
- Feb 5, 2025 — Referred to Senate Committee on Rules and Administration · Congress.gov: “Referred to the Committee on Rules and Administration. (text: CR S672)”
- Feb 5, 2025 — Reported out of committee · Congress.gov: “Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Scott SC.”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (4,644 characters) on Mar 15, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-10-20.
“Senate Banking Committee gets its operating budget for two years” QuorumCivic. https://share.quorumcivic.app/bill/119/sres58 Report an error
The week in bills
One email, Sunday: what Congress passed, what it changed, and who paid.
One link arrives to confirm the address. It is used for this email and nothing else, and every issue carries an unsubscribe link.