Senate Banking and Urban Affairs Committee Chairman Donald Riegle came to the Senate in 1976. He is a businessman, professor, and U.S. Representative who attended the University of Michigan, Michigan State, and the Harvard Business School. Mr. Riegle also sits on the Senate Budget and Finance Committees.
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The Senate Committee on Banking, Housing, and Urban affairs watches over the nation's banking industry. It writes legislation that regulates the Federal Reserve System (the controller of the currency), the Federal Deposit Insurance Corporation, and the Federal Savings and Loan Insurance Corporation as well as taking part in overseeing international economic policy. At one time concerned with housing and urban issues, the Banking Committee now almost exclusively oversees the U.S. financial system.
