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.
Robert Foster Bennett was an American politician and businessman who served as a United States Senator from Utah from 1993 to 2011. A member of the Republican Party, Bennett held chairmanships and senior positions on various key Senate committees, including the Banking, Housing and Urban Affairs Committee; Appropriations Committee; Rules and Administration Committee; Energy and Natural Resources Committee; and Joint Economic Committee.
John Francis Reed is an American lawyer and politician serving as the senior United States senator from Rhode Island, a seat he was first elected to in 1996. A member of the Democratic Party, he was the U.S. representative for Rhode Island's 2nd congressional district from 1991 to 1997. Reed graduated from the United States Military Academy and Harvard University, serving in the U.S. Army as an active officer from 1971 to 1979. He is the dean of Rhode Island's congressional delegation.
Michael Dean Crapo is an American lawyer and politician serving as the senior United States senator from Idaho, a seat he has held since 1999. A member of the Republican Party, Crapo served as the U.S. representative for Idaho's 2nd congressional district from 1993 to 1999. He is the dean of Idaho's congressional delegation, having served since 1993.
The United States Senate Committee on Appropriations is a standing committee of the United States Senate. It has jurisdiction over all discretionary spending legislation in the Senate.
The Committee on Agriculture, Nutrition, and Forestry is a committee of the United States Senate empowered with legislative oversight of all matters relating to the nation's agriculture industry, farming programs, forestry and logging, and legislation relating to nutrition, home economics, and rural development.
The Committee on Armed Services is a committee of the United States Senate empowered with legislative oversight of the nation's military, including the Department of Defense, military research and development, nuclear energy, benefits for members of the military, the Selective Service System and other matters related to defense policy. The Armed Services Committee was created as a result of the Legislative Reorganization Act of 1946 following the U.S. victory in the Second World War. The bill merged the responsibilities of the Committee on Naval Affairs and the Committee on Military Affairs.
The United States Senate Committee on Commerce, Science, and Transportation is a standing committee of the United States Senate. Besides having broad jurisdiction over all matters concerning interstate commerce, science and technology policy, and transportation, the Senate Commerce Committee is one of the largest of the Senate's standing committees, with 28 members in the 117th Congress. The Commerce Committee has six subcommittees. It is chaired by Sen. Maria Cantwell (D-WA) with Sen. Ted Cruz (R-TX) as Ranking Member. The majority office is housed in the Dirksen Senate Office Building, and the minority office is located in the Hart Senate Office Building.
The United States Senate Committee on Homeland Security and Governmental Affairs is the chief oversight committee of the United States Senate. It has jurisdiction over matters related to the Department of Homeland Security and other homeland security concerns, as well as the functioning of the government itself, including the National Archives, budget and accounting measures other than appropriations, the Census, the federal civil service, the affairs of the District of Columbia and the United States Postal Service. It was called the United States Senate Committee on Governmental Affairs before homeland security was added to its responsibilities in 2004. It serves as the Senate's chief investigative and oversight committee. Its chair is the only Senate committee chair who can issue subpoenas without a committee vote.
The United States Senate Committee on the Budget was established by the Congressional Budget and Impoundment Control Act of 1974. It is responsible for drafting Congress's annual budget plan and monitoring action on the budget for the Federal Government. The committee has jurisdiction over the Congressional Budget Office. The committee briefly operated as a special committee from 1919 to 1920 during the 66th Congress, before being made a standing committee in 1974.
The United States House Committee on Financial Services, also referred to as the House Banking Committee and previously known as the Committee on Banking and Currency, is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries. The Financial Services Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission and other financial services regulators.
The Permanent Subcommittee on Investigations (PSI), stood up in March 1941 as the "Truman Committee," is the oldest subcommittee of the United States Senate Committee on Homeland Security and Governmental Affairs. After the September 11, 2001, terrorist attacks in the United States, the Committee broadened its title to Homeland Security and Governmental Affairs Committee. PSI led the Committee's broad mandate to "investigate inefficiency, mismanagement, and corruption in Government."
The Senate Banking Subcommittee on Economic Policy is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs.
The Senate Banking Subcommittee on National Security and International Trade and Finance is one of five subcommittees within the Senate Committee on Banking, Housing, and Urban Affairs.
The United States Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913.
Marcia Louise Fudge is an American attorney and politician serving as the 18th United States Secretary of Housing and Urban Development since 2021. A member of the Democratic Party, she served as the U.S. representative for Ohio's 11th congressional district from 2008 to 2021. The district includes most of the black-majority precincts between Cleveland and Akron.
Martin J. Gruenberg is an American attorney who serves as the two-time and current chairman, as well as three-time acting chairman, of the U.S. Federal Deposit Insurance Corporation (FDIC).
John Morgan McGarvey is an American attorney and politician serving as the U.S. representative for Kentucky's 3rd congressional district since 2023. A Democrat, he represented the 19th district in the Kentucky Senate from 2013 to 2023. In 2018, he was elected minority leader, becoming one of the youngest members of a general assembly in the nation to serve in a leadership role. He is currently the only Democrat in Kentucky's congressional delegation.
Christine Elizabeth Smith is an American politician, retired Democratic political consultant, and former businesswoman serving as the junior United States senator from Minnesota since 2018. She is a member of the Minnesota Democratic–Farmer–Labor Party (DFL), an affiliate of the Democratic Party.
