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Washington, D. C. - Today Speaker Nancy Pelosi appointed Congresswoman
Carolyn B. Maloney (D-NY) to chair the Joint Economic Committee (JEC).
Congresswoman Maloney served as the Vice Chair of the JEC during the
110th Congress. Former Chair Senator Charles E. Schumer (D-NY), is now
the Vice Chairman. The JEC is a bicameral Congressional Committee
established by the Employment Act of 1946, the same legislation that
created the President's Council of Economic Advisers.
Congresswoman Maloney said, "I am honored that Speaker Pelosi has appointed me to the Joint Economic Committee (JEC) in the 111th Congress. In such an historic year, I am pleased to work with our first woman Speaker as the first woman to chair the JEC. I look forward to working closely with President Obama's economic team and to continuing to work with Senator Chuck Schumer as Vice Chairman on long-term solutions to the grim economic situation facing our country-- and putting the needs and concerns of America's working families front-and-center in Washington."
Senator Schumer said, “Carolyn Maloney has been a great partner over the last two years as the JEC examined serious problems affecting middle class families and offered up real solutions to help those families and our economy as a whole. From the exorbitant costs of the war in Iraq, to the fallout from the subprime mortgage crisis, to the benefits of increased energy efficiency, the JEC has covered a lot of ground over the last two years. I know that Rep. Maloney will direct the committee to continue to look out for middle class families and promote the ideas and policies that benefit them and our overall economy during these difficult times.”
Congresswoman Maloney, working with Senator Schumer, has drawn attention to the failed economic policies of the Bush Administration that have contributed to our current economic woes: the mortgage and credit crisis, the enormous cost of the war in Iraq, high gas and food prices, rising unemployment, record-setting public debt, and widening income disparities. In the 111th Congress, the Committee will continue focus on the crisis and recession as they unfold and the complex set of related issues - the labor market, the housing market, consumer spending and credit, as well as economic recovery and stimulus measures and the reform of financial regulation.
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The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
www.jec.senate.gov
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