Role and responsibilities

With the exception of budgetary policy, the Finance Committee’s remit is identical with that of the Federal Ministry of Finance. The role of the 45 members of the Finance Committee is to deliberate on the items referred to it by the plenary of the German Bundestag: in particular, draft bills introduced by the German Federal Government, the parliamentary groups and the Bundesrat, motions tabled by the parliamentary groups, reports submitted by the Federal Government and items from the European Union. The Finance Committee usually takes the lead role in any deliberations on financial market regulation (banks, securities trading and the insurance sector), the customs system and tax policy.