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United States Senate Committee On Banking
The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit and government contracts. The current chair of the committee is Democrat Sherrod Brown of Ohio, and the Ranking Member is Republican Pat Toomey of Pennsylvania. History The committee is one of twenty standing committees in the United States Senate. The committee was formally established as the "Committee on Banking and Currency" in 1913, when Senator Robert L. Owen of Oklahoma sponsored the Federal Reserve Act. Senator Owen served as the committee's inaugural chairman. Jurisdiction In accordance of Rule XXV of th ...
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Sherrod Brown
Sherrod Campbell Brown (; born November 9, 1952) is an American politician serving as the senior United States senator from Ohio, a seat which he has held since 2007. A member of the Democratic Party, he was the U.S. representative for Ohio's 13th congressional district from 1993 to 2007 and the 47th secretary of state of Ohio from 1983 to 1991. He started his political career in 1975 as an Ohio state representative. Brown defeated two-term Republican incumbent Mike DeWine in the 2006 U.S. Senate election and was reelected in 2012, defeating state treasurer Josh Mandel, and in 2018, defeating U.S. representative Jim Renacci. In the Senate, he was chair of the Agriculture Subcommittee on Hunger, Nutrition and Family Farms and the Banking Subcommittee on Economic Policy, and is also a member of the Committee on Finance, the Committee on Veterans' Affairs, and Select Committee on Ethics. At the start of the 114th Congress in January 2015, Brown became the ranking Democ ...
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United States Senate Banking Subcommittee On Securities, Insurance, And Investment
The Senate Banking Subcommittee on Securities, Insurance, and Investment is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs. Jurisdiction The Subcommittee on Securities, Insurance, and Investment oversees issues related to securities, annuities, and other financial investments. This includes the Securities Exchange Commission, the Securities Investor Protection Corporation (SIPC), and the Commodity Futures Trading Commission. The subcommittee also is responsible for oversight of government-issued securities, financial exchanges and markets, financial derivatives, accounting standards, and insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge .... Members, 117th Congress External linksU.S. Senate Committee on Banking, Housing, and ...
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Mark Warner
Mark Robert Warner (born December 15, 1954) is an American businessman and politician serving as the senior United States senator from Virginia, a seat he has held since 2009. A member of the Democratic Party, Warner served as the 69th governor of Virginia from 2002 to 2006. He is vice chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. Warner is the honorary chairman of Forward Together PAC. Apart from politics, he is known for his involvement in telecommunications-related venture capital during the 1980s; he founded the firm Columbia Capital. In 2006, Warner was widely expected to pursue the Democratic nomination in the 2008 U.S. presidential election, but he announced in October 2006 that he would not run, citing a desire not to disrupt his family life. Warner delivered the keynote address at the 2008 Democratic National Convention, and was considered to be a potential vice presidential candidate until he took himself out of considera ...
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Jon Tester
Raymond Jon Tester (born August 21, 1956) is an American farmer and politician serving as the senior United States senator from Montana, a seat he has held since 2007. A member of the Democratic Party, Tester is the dean of Montana's congressional delegation and the only Democrat to hold statewide office in Montana. He served in the Montana Senate from 1999 to 2007, and as its president for his last two years in the chamber. Tester was first elected in 2006, defeating Republican incumbent Conrad Burns in one of the closest Senate races of that year. He narrowly won reelection in 2012 against U.S. Representative Denny Rehberg, and in 2018 against Montana State Auditor Matt Rosendale. Early life, education, and farming career Tester was born in Havre, Montana,"TESTER, Jon"
, Biographical Directory of the United ...
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Bob Menendez
Robert Menendez (; born January 1, 1954) is an American lawyer and politician serving as the senior United States senator from New Jersey, a seat he has held since 2006. Gale Biography In Context. A member of the Democratic Party, he was first appointed to the U.S. Senate by Governor Jon Corzine, and chaired the United States Senate Committee on Foreign Relations from 2013 to 2015, and again since 2021. In 1974, at the age of 20, Menendez was elected to the Union City School District's Board of Education. He received degrees from Saint Peter's University and Rutgers Law School. In 1986, he was elected mayor of Union City. In 1988, while continuing to serve as mayor, he was elected to represent the state's 33rd district in the New Jersey General Assembly and, within three years, moved to the New Jersey Senate, upon winning the March 1991 special election for the 33rd Senate district. The next year, Menendez won a seat in the House of Representatives and represented New Jerse ...
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Jack Reed (Rhode Island Politician)
John Francis Reed (born November 12, 1949) is an American lawyer and politician serving as the Seniority in the United States Senate, senior United States Senate, United States senator from Rhode Island, a seat he was first elected to in United States Senate election in Rhode Island, 1996, 1996. A member of the Democratic Party (United States), Democratic Party, he was the United States House of Representatives, U.S. representative for from 1991 to 1997. Reed graduated from the United States Military Academy and Harvard University, serving in the United States Army, U.S. Army as an active officer from 1971 to 1979. He is the dean of United States congressional delegations from Rhode Island, Rhode Island's congressional delegation. Early life, education and career Reed was born in Cranston, Rhode Island, the son of Mary Louise ( Monahan) and Joseph Anthony Reed. Reed graduated from La Salle Academy, Providence, La Salle Academy and the United States Military Academy at West Poi ...
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Federal Reserve Act
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States. The Panic of 1907 convinced many Americans of the need to establish a central banking system, which the country had lacked since the Bank War of the 1830s. After Democrats won unified control of Congress and the presidency in the 1912 elections, President Wilson, Congressman Carter Glass, and Senator Robert Latham Owen crafted a central banking bill that occupied a middle ground between the Aldrich Plan, which called for private control of the central banking system, and progressives like William Jennings Bryan, who favored government control over the central banking system. Wilson made the bill a top priority of his New Freedom domestic agenda, and he helped ensure that it passed both houses of Congress without major amendments. Later, President ...
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Oklahoma
Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the north, Missouri on the northeast, Arkansas on the east, New Mexico on the west, and Colorado on the northwest. Partially in the western extreme of the Upland South, it is the List of U.S. states and territories by area, 20th-most extensive and the List of U.S. states and territories by population, 28th-most populous of the 50 United States. Its residents are known as Oklahomans and its capital and largest city is Oklahoma City. The state's name is derived from the Choctaw language, Choctaw words , 'people' and , which translates as 'red'. Oklahoma is also known informally by its List of U.S. state and territory nicknames, nickname, "Sooners, The Sooner State", in reference to the settlers who staked their claims on land before the official op ...
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Robert L
The name Robert is an ancient Germanic given name, from Proto-Germanic "fame" and "bright" (''Hrōþiberhtaz''). Compare Old Dutch ''Robrecht'' and Old High German ''Hrodebert'' (a compound of '' Hruod'' ( non, Hróðr) "fame, glory, honour, praise, renown" and ''berht'' "bright, light, shining"). It is the second most frequently used given name of ancient Germanic origin. It is also in use as a surname. Another commonly used form of the name is Rupert. After becoming widely used in Continental Europe it entered England in its Old French form ''Robert'', where an Old English cognate form (''Hrēodbēorht'', ''Hrodberht'', ''Hrēodbēorð'', ''Hrœdbœrð'', ''Hrœdberð'', ''Hrōðberχtŕ'') had existed before the Norman Conquest. The feminine version is Roberta. The Italian, Portuguese, and Spanish form is Roberto. Robert is also a common name in many Germanic languages, including English, German, Dutch, Norwegian, Swedish, Scots, Danish, and Icelandic. It can be use ...
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United States Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of senators, each of whom represents a single state in its entirety. Each of the 50 states is equally represented by two senators who serve staggered terms of six years, for a total of 100 senators. The vice president of the United States serves as presiding officer and president of the Senate by virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the president pro tempore, who is traditionally the senior member of the party holding a majority of seats, presides over the Senate. As the upper chamber of Congress, the Senate has several powers o ...
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Standing Committee (United States Congress)
In the United States Congress, standing committees are permanent legislative panels established by the United States House of Representatives and United States Senate rules. (House Rule X, Senate Rule XXV.) Because they have legislative jurisdiction, standing committees consider bills and issues and recommend measures for consideration by their respective chambers. They also have oversight responsibility to monitor agencies, programs, and activities within their jurisdictions, and in some cases in areas that cut across committee jurisdictions. Due to their permanent nature, these committees exist beyond the adjournment of each two-year meeting of Congress. Most standing committees recommend funding levels—authorizations—for government operations and for new and existing programs. A few have other functions. For example, the Appropriations Committees recommend legislation to provide budget authority for federal agencies and programs. The Budget Committees establish aggregate ...
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Export
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ''exporter''; the foreign buyer is an '' importer''. Services that figure in international trade include financial, accounting and other professional services, tourism, education as well as intellectual property rights. Exportation of goods often requires the involvement of customs authorities. Firms Many manufacturing firms begin their global expansion as exporters and only later switch to another mode for serving a foreign market. Barriers There are four main types of export barriers: motivational, informational, operational/resource-based, and knowledge. Trade barriers are laws, regulations, policy, or practices that protect domestically made products from foreign competition. While restrictive business practices sometimes hav ...
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