Senate Committee on Finance, 2006

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Senate Committee on Finance, 2006
Members, 109th Congress
Democrats:	Republicans:
Max Baucus (MT) Ranking Member John D. Rockefeller IV (WV) Kent Conrad (ND) James M. Jeffords (VT) Jeff Bingaman (NM) John F. Kerry (MA) Blanche L. Lincoln (AR) Ron Wyden (OR) Charles E. Schumer (NY)	Charles Grassley (IA) Chair Orrin G. Hatch (UT) Trent Lott (MS) Olympia J. Snowe (ME) Jon Kyl (AZ) Craig Thomas (WY) Rick Santorum (PA) Bill Frist (TN) Gordon Smith (OR) Jim Bunning (KY) Mike Crapo (ID)

[Note: This page has been transferred from Wikipedia but not edited for use in dkosopedia yet. Feel free to fix links, etc. I will return to finalize shortly.]
The U.S. Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. It concerns itself with matters relating to the bonded debt of the United States; customs, collection districts, and ports of entry and delivery; deposit of public moneys; general revenue sharing; health programs under the Social Security Act (notably Medicare and Medicaid) and health programs financed by a specific tax or trust fund; national social security; reciprocal trade agreements; revenue measures generally and those relating to the insular possessions; tariff and import quotas, and related matters thereto; and the transportation of dutiable goods.

1 History
2 Role
3 Members, 109th Congress
4 Subcommittees
5 Chairmen
6 References
7 External links

History

The Senate Committee on Finance is one of the oldest committees in the Senate. It was first established in 1815 as a select committee. On December 10, 1816 the Committee on Finance became a standing committee. Originally, the Committee had power over both tax and spending until the forming of the Appropriations Committee in 1867.

In 1981, a Senate Resolution required the printing of the History of the Committee on Finance (pdf), via Finance.Senate.gov .

Role

The role of the Senate Finace Committee is very similar to that of the House Committee on Ways and Means. The one exception in area of jurisdiction is that Senate Finance has jurisdiction over both Medicare and Medicaid, while Ways and Means only has jurisdiction over Medicare. (The House Energy and Commerce Committee has jurisdiction over Medicaid.) The other diffence in terms of power is that all revenue raising measures must originate in the House giving Ways and Means a slight edge in setting tax policy. In addition to having jurisdiction over legislation, the Committee has extensive oversight powers. It has authority to investigate, review and evaluate existing laws and the agencies that implement them.

Due to the Committee's wide jurisdiction, it is often considered an influential committee. A wide array of Senators with differing policy concerns seek membership on the Committee because of its role in setting tax, trade and health policy.

Chapter 25 of the Senate Rules defines the Standing Committees of the Senate and their jurisdictions. Section ( i ) pertains to the Committe on Finance.

Members, 109th Congress

Subcommittees

Subcommittee on Health Care
- Chairman: Orrin Hatch, R-Utah
- Ranking Democrat: Jay Rockefeller, D-West Virginia
Subcommittee on International Trade
- Chairman: Craig Thomas, R-Wyoming
- Ranking Democrat: Jeff Bingaman, D-New Mexico
Subcommittee on Long-Term Growth and Debt Reduction
- Chairman: Gordon Smith, R-Oregon
- Ranking Democrat: John Kerry D-Massachusetts
Subcommittee on Social Security and Family Policy
- Chairman: Rick Santorum, R-Pennsylvania
- Ranking Democrat: Kent Conrad, D-North Dakota
Subcommittee on Taxation and IRS Oversight
- Chairman: Jon Kyl, R-Arizona
- Ranking Democrat: James Jeffords, I-Vermont

Chairmen

Senator	Party	State	Years
George W. Campbell	Democratic-Republican	Tennessee	1815–1818
John Wayles Eppes	Democratic-Republican	Virginia	1818–1819
Nathan Sanford	Democratic-Republican	New York	1819–1821
John Holmes	Democratic-Republican	Maine	1821–1822
Walter Lowrie	Democratic-Republican	Pennsylvania	1822–1823
Samuel Smith	Crawford Republican, Jacksonian	Maryland	1823–1833
Daniel Webster	Anti-Jacksonian	Massachusetts	1833–1836
Silas Wright	Democratic, Jacksonian	New York	1836–1841
Henry Clay	Whig	Kentucky	1841
George Evans	Whig	Maine	1841–1845
Levi Woodbury¹	Democratic	New Hampshire	1845
John C. Calhoun	Democratic	South Carolina	1845–1846
Dixon H. Lewis	Democratic	Alabama	1846–1847
Charles G. Atherton	Democratic	New Hampshire	1847–1849
Daniel S. Dickinson	Democratic	New York	1849–1850
Robert M. T. Hunter	Democratic	Virginia	1850–1861
James A. Pearce	Democratic	Maryland	1861
William P. Fessenden	Republican	Maine	1861–1864
John Sherman	Republican	Ohio	1864–1865
William P. Fessenden	Republican	Maine	1865–1867
John Sherman	Republican	Ohio	1867–1877
Justin Smith Morrill	Republican	Vermont	1877–1879
Thomas F. Bayard, Sr.	Democratic	Delaware	1879–1881
Justin Smith Morrill	Republican	Vermont	1881–1893
Daniel W. Voorhees	Democratic	Indiana	1893–1895
Justin Smith Morrill²	Republican	Vermont	1895–1898
Nelson W. Aldrich	Republican	Rhode Island	1898–1911
Boies Penrose	Republican	Pennsylvania	1911–1913
Furnifold M. Simmons	Democratic	North Carolina	1913–1919
Boies Penrose	Republican	Pennsylvania	1919–1921
Porter J. McCumber	Republican	North Dakota	1921–1923
Reed Smoot	Republican	Utah	1923–1933
Pat Harrison	Democratic	Mississippi	1933–1941
Walter F. George	Democratic	Georgia	1941–1947
Eugene D. Millikin	Republican	Colorado	1947–1949
Walter F. George	Democratic	Georgia	1949–1953
Eugene D. Millikin	Republican	Colorado	1953–1955
Harry F. Byrd	Democratic	Virginia	1955–1965
Russell B. Long	Democratic	Louisiana	1965–1981
Bob Dole	Republican	Kansas	1981–1985
Bob Packwood	Republican	Oregon	1985–1987
Lloyd Bentsen	Democratic	Texas	1987–1993
Daniel Patrick Moynihan	Democratic	New York	1993–1995
Bob Packwood	Republican	Oregon	1995
William V. Roth, Jr.	Republican	Delaware	1995–2001
Max Baucus	Democratic	Montana	2001
Chuck Grassley	Republican	Iowa	2001
Max Baucus	Democratic	Montana	2001–2003
Chuck Grassley	Republican	Iowa	2003–2006
Max Baucus	Democratic	Montana	2003–present

¹ Chaired a special session of the 29th Congress, his ten day chairmanship of the committee is the shortest on record.

² Morrill holds the longest non-continuous service as Chairman at eighteen years. Russell Long holds the longest continuous service as chairman at fourteen years.

References

History of the Committee on Finance; United States Senate (pdf). 4th ed. Washington, DC: wikipedia:Government Printing Office, 1981.

External links

Finance.senate.gov Official website
History of the Committee on Finance; United States Senate (pdf). 4th ed. Washington, DC: wikipedia:Government Printing Office, 1981.

Senate Committee on Finance Subcommittees:
Health Care • International Trade • Long Term Growth & Debt Reduction • Social Security & Family Policy • Taxation & IRS Oversight

Congressional Committees Project : Current United States Congressional committees
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Joint Committees: Conference • Economic • Library • Printing • Taxation

Congressional Committees Project : Current United States Congressional committees

House Committees: Agriculture • Appropriations • Armed Services • Budget • Education and Labor • Energy and Commerce • Financial Services • Foreign Affairs • Homeland Security • Administration • Hurricane Katrina • Intelligence • Judiciary • Natural Resources • Oversight & Government Reform • Rules • Science & Technology • Small Business • Standards of Official Conduct • Transportation and Infrastructure • Veterans' Affairs • Ways and Means • House Subcommittees

Senate Committees: Aging • Agriculture, Nutrition & Forestry • Appropriations • Armed Services • Banking, Housing, & Urban Affairs • Budget • Commerce, Science & Transportation • Energy & Natural Resources • Ethics • Environment & Public Works • Finance • Foreign Relations • Health, Education, Labor, & Pensions • Homeland Security & Governmental Affairs • Indian Affairs • Intelligence • Judiciary • Rules & Administration • Small Business & Entrepreneurship • Veterans' Affairs • Senate Subcommittees

Joint Committees: Conference • Economic • Library • Printing • Taxation

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This page was last modified 05:23, 9 January 2007 by dKosopedia user Lestatdelc. Content is available under the terms of the GNU Free Documentation License.