The jurisdiction of the Subcommittee on Oversight shall include all matters within the scope of the full Committee’s jurisdiction but shall be limited to existing law. Said oversight jurisdiction shall not be exclusive but shall be concurrent with that of the other Subcommittees. With respect to matters involving the Internal Revenue Code and other revenue issues, said concurrent jurisdiction shall be shared with the full Committee. Before undertaking any investigation or hearing, the Chairman of the Subcommittee on Oversight shall confer with the Chairman of the full Committee and the Chairman of any other Subcommittee having jurisdiction.
Source: "Rules of the Committee on Ways and Means for the One Hundred and Twelfth Congress"