The Strategic Competition Between the United States and the Chinese Communist Party plays an important role in developing legislation and providing oversight in its area of jurisdiction. The committee holds hearings, conducts investigations, and reviews bills that shape federal policy.

As the chief tax-writing committee in the House, the Committee on Ways and Means has jurisdiction over all taxation, tariffs, and other revenue-raising measures. It also oversees major entitlement programs like Social Security, Medicare, unemployment benefits, and parts of welfare services.