Donald Riegle

Last updated
Lori Hansen
(m. 1978)
Donald Riegle
Don Riegle, Jr.jpg
Chair of the Senate Banking Committee
In office
January 3, 1989 January 3, 1995
Children5
Parent Donald W. Riegle Sr. (father)
Education Mott Community College
Western Michigan University
University of Michigan–Flint (BA)
Michigan State University (MBA)
Harvard University

Donald Wayne Riegle Jr. (born February 4, 1938) is an American politician, author, and businessman from Michigan. He served for five terms as a Representative and for three terms as a Senator in the U.S. Congress.

Contents

Early life and family

He attended Flint Junior College (now Mott Community College) and Western Michigan University, graduated with a B.A in business administration and economics from the University of Michigan-Flint in 1960, and received an M.B.A. in finance from Michigan State University in 1961. [1]

Political life

In 1966, Richard Nixon persuaded Riegle to return to Michigan to run for Congress. [2] Riegle was then 28 years old and considered to be a moderate Republican. Nixon attended an early campaign fundraiser, and talked up Riegle's prospects to reporters. [2]

Riegle defeated incumbent Democratic U.S. Representative John C. Mackie, to be elected from Michigan's 7th congressional district to the 90th Congress. Mackie was one of the Michigan Five Fluke Freshmen who lost their seats after a single term. [2]

In his first action as Chairman of the Senate Banking Committee, Riegle led the efforts to reform the savings and loan industry, which resulted in the Financial Institutions Recovery, Reform, and Enforcement Act of 1989 ("FIRREA"). [3]

Later life

Riegle endorsed Bernie Sanders for the Democratic nomination for President of the United States [4] in both 2016 and 2020. [5]

See also

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References

  1. "DONALD W. RIEGLE, JR. ARCHIVES". Archived from the original on 2019-01-02. Retrieved 2018-09-08.
  2. 1 2 3 Li, Victor (2018). Nixon in New York: How Wall Street Helped Richard Nixon Win the White House. Fairleigh Dickinson University Press. ISBN   9781683930013.
  3. Committee on Banking, Housing and Urban Affairs, United States Senate, "Accomplishments of Senator Donald W. Riegle, Jr., Chairman, 1989–1994"
  4. "Colleen M Nelson on Twitter".
  5. "Sen. Riegle endorses Bernie Sanders for President". USA Today .
U.S. House of Representatives
Preceded by Member of the U.S. House of Representatives
from Michigan's 7th congressional district

1967–1976
Succeeded by
Party political offices
Preceded by Democratic nominee for U.S. Senator from Michigan
(Class 1)

1976, 1982, 1988
Succeeded by
Vacant
Title last held by
Ted Stevens
John Rhodes
Response to the State of the Union address
1982
Served alongside: Robert Byrd, Alan Cranston, Al Gore, Gary Hart, Bennett Johnston, Ted Kennedy, Tip O'Neill, Paul Sarbanes, Jim Sasser
Succeeded by
U.S. Senate
Preceded by U.S. Senator (Class 1) from Michigan
1976–1995
Served alongside: Robert P. Griffin, Carl Levin
Succeeded by
Preceded by Ranking Member of the Senate Banking Committee
Acting

1982–1983
Succeeded by
Preceded by
William Proxmire
Chair of the Senate Banking Committee
1989–1995
Succeeded by
U.S. order of precedence (ceremonial)
Preceded byas Former US Senator Order of precedence of the United States
as Former US Senator
Succeeded byas Former US Senator