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Committee On Capital Markets Regulation
The Committee on Capital Markets Regulation is an independent and nonpartisan 501(c)(3) research organization financed by contributions from individuals, foundations, and corporations. Background Thirty-six leaders from the financial sector, including banks, broker-dealers, asset managers, private funds, insurance companies, and academia comprise the committee's membership. The committee co-chairs are Glenn Hubbard, dean of Columbia Business School, and John L. Thornton, chairman of the Brookings Institution. The committee's director is Professor Hal S. Scott, Emeritus Nomura Professor and director of the Program on International Financial Systems at Harvard Law School. The committee's research regarding the regulation of U.S. capital markets provides policymakers with a nonpartisan, empirical foundation for public policy. History The committee was founded in 2006 by then- Secretary of the Treasury, Henry Paulson. Past recommendations The global Financial Crisis: A Plan fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nonpartisan (American Organizations)
Nonpartisanism in the United States is organized under United States Internal Revenue Code ( 501(c)) that qualifies certain non-profit organizations for tax-exempt status because they refrain from engaging in certain political activities prohibited for them. The designation "nonpartisan" usually reflects a claim made by organizations about themselves, or by commentators, and not an official category per American law. Rather, certain types of nonprofit organizations are under varying requirements to refrain from election-related political activities, or may be taxed to the extent they engage in electoral politics, so the word affirms a legal requirement. In this context, "nonpartisan" means that the organization, by US tax law, is prohibited from supporting or opposing political candidates, parties, and in some cases other votes like propositions, directly or indirectly, but does not mean that the organization cannot take positions on political issues. Background 501(c)(3) is a cla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition (economics)
In economics, competition is a scenario where different economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm. are in contention to obtain goods that are limited by varying the elements of the marketing mix: price, product, promotion and place. In classical economic thought, competition causes commercial firms to develop new products, services and technologies, which would give consumers greater selection and better products. The greater the selection of a good is in the market, prices are typically lower for the products, compared to what the price would be if there was no competition (monopoly) or little competition (oligopoly). The level of competition that exists within the market is dependent on a variety of factors both on the firm/ seller side; the number of firms, barriers to entry, information, and availability/ accessibility of resourc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Systemic Risk
In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to the risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system.Banking and currency crises and systemic risk George G. Kaufman (World Bank), It can be defined as "financial ''system'' instability, potentially catastrophic, caused or exacerbated by idiosyncratic events or conditions in financial intermediaries". It refers to the risks imposed by ''interlink ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treasury Secretary
The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is a statutory member of the Cabinet of the United States, and is fifth in the presidential line of succession. Under the Appointments Clause of the United States Constitution, the officeholder is nominated by the president of the United States, and, following a confirmation hearing before the Senate Committee on Finance, is confirmed by the United States Senate. The secretary of state, the secretary of the treasury, the secretary of defense, and the attorney general are generally regarded as the four most important Cabinet officials, due to the size and importance of their respective departments. The current secretar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street Reform
Wall Street reforms are reforms or regulations of the financial industry in the United States. Wall Street is the home of the country's two largest stock exchanges, and "Wall Street" is a metonym for the United States financial sector. Major Wall Street reform bills include the Federal Reserve Act of 1913, the Glass-Steagall Act of 1933, the Truth in Lending Act of 1968, the Community Reinvestment Act of 1977, the Gramm–Leach–Bliley Act of 1999, and the Sarbanes-Oxley Act of 2002. The most recent Wall Street reform bill, the Dodd–Frank Wall Street Reform and Consumer Protection Act, was signed by President of the United States Barack Obama on July 22, 2010, following a global financial crisis. The Glass–Steagall Act of 1933 The Glass–Steagall Act of 1933 placed a "wall of separation" between banks and brokerages, which was largely repealed by the Financial Services Modernization Act of 1999. The bill was enacted during the Great Depression, which began with t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Congressional Committee
A congressional committee is a legislative sub-organization in the United States Congress that handles a specific duty (rather than the general duties of Congress). Committee membership enables members to develop specialized knowledge of the matters under their jurisdiction. As "little legislatures", the committees monitor ongoing governmental operations, identify issues suitable for legislative review, gather and evaluate information, and recommend courses of action to their parent body. Woodrow Wilson once wrote, "it is not far from the truth to say that Congress in session is Congress on public exhibition, whilst Congress in its committee rooms is Congress at work."Woodrow Wilson,Congressional Government, 1885, quoted in the JCOC Final Report. It is not expected that a member of Congress be an expert on all matters and subject areas that come before Congress.English (2003), pp. 46–47 Congressional committees provide valuable informational services to Congress by investiga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saxby Chambliss
Clarence Saxby Chambliss (born November 10, 1943) is an American lawyer and retired politician who was a United States Senator from Georgia from 2003 to 2015. A member of the Republican Party, he previously served as a U.S. Representative from 1995 to 2003. During his House tenure, Chambliss chaired the House Intelligence Subcommittee on Terrorism and Homeland Security. This subcommittee oversaw investigations of the intelligence community following the September 11 attacks in 2001. Chambliss was first elected to the U.S. Senate in 2002. As a senator, he chaired the Senate Committee on Agriculture, Nutrition and Forestry during the 109th Congress (2005–2007). During the 112th Congress (2011–2012), he was the ranking Republican on the Senate Select Committee on Intelligence. In December 2011, the ''Washington Post'' named Chambliss as one of the Best Leaders of 2011 for his attempts to craft a bipartisan deficit reduction package. Chambliss was re-elected to the Senate in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blanche Lincoln
Blanche Lambert Lincoln (born Blanche Meyers Lambert; September 30, 1960) is an American politician who served as a United States Senator from Arkansas from 1999 to 2011. A member of the Democratic Party, she was first elected to the Senate in 1998; she was the first woman elected to the Senate from Arkansas since Hattie Caraway in 1932 and youngest woman ever elected to the Senate at age 38. She previously served in the U.S. House of Representatives, representing from 1993 to 1997. Lincoln was the first woman and the first Arkansan to serve as chair of the U.S. Senate Committee on Agriculture, Nutrition and Forestry. She also served as the Chair of Rural Outreach for the Senate Democratic Caucus. In 2010, she ran for a third term, but was defeated in a landslide by Republican John Boozman, whose brother, Fay Boozman, she had defeated in 1998. She is the founder and a principal of Lincoln Policy Group, a consulting firm. Early life, education and private career A seventh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Shelby
Richard Craig Shelby (born May 6, 1934) is an American lawyer and politician serving as the senior United States senator from Alabama. First elected to the U.S. Senate in 1986 as a Democrat who later switched to the Republican Party in 1994, he chaired the Senate Appropriations Committee from 2018 to 2021. He previously chaired the Senate Intelligence Committee, the Senate Banking Committee, and the Senate Rules Committee. He is the longest-serving U.S. senator from Alabama, surpassing John Sparkman's record in March 2019. Born in Birmingham, Alabama, Shelby received his law degree from the Birmingham School of Law in 1961. He went on to serve as city prosecutor from 1963 to 1971. During this period he worked as a U.S. magistrate for the Northern District of Alabama (1966–1970) and Special Assistant Attorney General of Alabama (1969–1971). He won a seat in the Alabama Senate in 1970. In 1978, he was elected from the 7th district to the United States House of Repre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chris Dodd
Christopher John Dodd (born May 27, 1944) is an American lobbyist, lawyer, and Democratic Party politician who served as a United States senator from Connecticut from 1981 to 2011. Dodd is the longest-serving senator in Connecticut's history. He served in the United States House of Representatives from 1975 to 1981. Dodd is a Connecticut native and a graduate of Georgetown Preparatory School in Bethesda, Maryland, and Providence College. His father, Thomas J. Dodd, was also a United States Senator from 1959 to 1971. Chris Dodd served in the Peace Corps for two years prior to entering the University of Louisville School of Law, and during law school concurrently served in the United States Army Reserve. Dodd returned to Connecticut, winning election in 1974 to the U.S. House of Representatives from Connecticut's 2nd congressional district and was reelected in 1976 and 1978. He was elected to the United States Senate in 1980. Dodd served as general chairman of the Democrati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
