It was the FBI/Justice department that classified the information in the memo, not the committee. Example source:
The details of FISA surveillance orders are classified, and they have long been among the government’s most carefully guarded national security secrets.
It's not just that they were issuing them, but also the details of the issuance, e.g. when the order was issued, who issued it, and the justification given. The traditional government position has been that all of the details are classified and any information dervived from them is also classified.
For example, someone (e.g. a Russian counter-intelligence agent) may look at the original warrant and observe what activity led to it. Russia could then use that information to either avoid that situation (so a warrant is never issued) or deliberately provoke such a situation (causing a warrant to be issued). It would tend to do the former if it was trying to collect information and the latter if it was trying to plant false information.
With the change of administrations, much of this information is no longer relevant. Moreover, what is still relevant may be less valuable as a secret than for transparency. This is especially so since the underlying information has been leaking continually since Donald Trump took office. In particular, information regarded as negative to Trump has been leaking from people like James Comey and Sally Yates. Since Trump controls the administration, he doesn't have to leak. He can openly release the information.
Members of Congress can also openly disclose classified information in committee. That precedent was set with the Pentagon Papers:
in 1971, Sen. Mike Gravel of Alaska read the Pentagon Papers into the record of a subcommittee he chaired, at a hearing he called for specifically this purpose. The Supreme Court called Gravel’s claim of immunity “incontrovertible.”