Senatemain

Committee on Finance

Controls federal tax policy, revenue collection, and major entitlement programs. Oversees the IRS, Social Security, Medicare, Medicaid, and international trade agreements.

Subcommittees

Subcommittee on Energy, Natural Resources, and Infrastructure View →

Subcommittee on Fiscal Responsibility and Economic Growth View →

Subcommittee on Health Care View →

Subcommittee on International Trade, Customs, and Global Competitiveness View →

Subcommittee on Social Security, Pensions, and Family Policy View →

Subcommittee on Taxation and IRS Oversight View →

Responsibilities

Federal tax legislation

IRS oversight and tax administration

Social Security and Medicare

Medicaid and health insurance programs

Trade agreements and tariffs

Debt limit and government borrowing

Recent Work

2024 Tax Relief Act

Extended expiring TCJA provisions for middle-class brackets

Role: Held markup sessions on tax extender package; negotiated with House on SALT deduction caps; reported legislation with bipartisan provisions for child tax credits

IRS Funding Boost

Allocated $80B for tax enforcement modernization

Role: Oversaw implementation of Inflation Reduction Act IRS funding; required commissioner testimony on hiring plans; investigated concerns about audit targeting of middle-income taxpayers

Committee Members

26 total

chair

Mike Crapo

ID-2

ranking member

Ron Wyden

OR-3

R (13)

D (10)

I (1)

Bernard Sanders
VT

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