As a member of Congress and the Ranking Member on the Joint Economic Committee, Congresswoman Maloney is committed to making sure the economy works for everyone. Congress must ensure that the middle class and working families share in economic growth. America can strengthen its workforce and economy by investing in infrastructure, education, clean energy, and research and development, as well as promoting stronger workplace protections, more family-friendly leave policies, affordable childcare, a higher minimum wage, and support for small businesses.

Joint Economic Committee

The Joint Economic Committee was established by the Employment Act of 1946, the same legislation that created the President’s Council of Economic Advisers. The committee evaluates current economic conditions and makes economic policy recommendations to Congress. The committee holds hearings to discuss these current conditions and effects of government policy on the economy. It also frequently releases reports on different aspects of the economy, including employment, economic challenges, inequality, the export-import bank, and equal pay.

In the 111th Congress, Congresswoman Maloney was named the first woman Chair of the Joint Economic Committee. She currently serves as Ranking Member, the highest ranking Democrat, on this bicameral Congressional Committee.

The Joint Economic Committee, under the Congresswoman's direction, recently published a study, "Countering Misleading Claims about the Economy" which can be found here

For more on the Joint Economic Committee click here.

Select Highlights

  • In 2016, Phase I of the Second Avenue Subway will open, thanks to $1.3 billion in federal funds secured by Congresswoman Maloney. The new line will ease congestion on the Lexington Avenue line and provide the East Side with another sorely-needed link to Midtown. Construction of Phase I created 16,000 jobs and paves the way for new residential and commercial development on 2nd Avenue.

  • East Side Access, to connect LIRR to Grand Central Station, will help the nearly half of the service’s riders with destinations on the East Side. Congresswoman Maloney helped win over $2.6 billion in federal funding to make this important new link a reality.

  • In 2014 Congresswoman Maloney helped secure $670 million in federal funding for the reconstruction of the Kosciuszko Bridge—the largest single project in the history of the NY State Department of Transportation. This project is creating over 14,000 jobs during construction, and will help continue important economic growth in Brooklyn and Queens by upgrading the most-travelled bridge between these two boroughs.

  • Decades after the Equal Pay Act, women still earn less than men, even when they hold the same job. That’s why Congresswoman Maloney is leading the push to achieve equal pay. As the first woman to chair the Joint Economic Committee, she’s worked to highlight the important contributions of women to our economy, and to the livelihood of American families. Read about these efforts here.

  • As a senior Democrat on the House Financial Services Committee, Congresswoman Maloney is a tireless advocate for American consumers. In 2009, she authored and passed the Credit CARD Act, bringing groundbreaking transparency to credit cards and ending deceptive practices. She has also authored legislation to reign in abusive overdraft fees that cost consumers billions each year. Read more here.

More on Economy

Sep 27, 2010 Press Release

WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) hailed the signing of the Small Business Jobs Act today by President Obama. The final version of the bill was passed by the House last week after modifications by the Senate.

Sep 23, 2010 Press Release

WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) offered the following remarks in support of the Small Business Jobs and Credit Act of 2010, H.R. 5297, which passed the House today.

Madam Speaker, the Small Business Jobs and Credit Act of 2010 (HR 5297) will strengthen our current economic recovery, by strengthening our small businesses.

This legislation is sorely needed to bolster our small firms, which have lagged their larger counterparts in recovering from the Great Recession.

Aug 10, 2010 Press Release
Washington, D.C. – Congresswoman Carolyn B. Maloney (D-NY) today hailed the House passage of the Education Jobs and Medicaid Assistance Act, which provides $10 billion in funding to create an Education Jobs Fund that is projected to save more than 161,000 teacher jobs nationwide. It also provides $16.1 billion in Medicaid assistance to the states that, by reducing state budget shortfalls and stimulating the economy, will save and create an additional 158,000 jobs and help prevent the layoffs of police officers and firefighters.
Aug 2, 2010 Press Release
Washington, D.C. – The U.S. manufacturing sector added jobs in each month in the first half of 2010, following more than two years of unrelenting employment losses. A new report released today by the U.S. Congress Joint Economic Committee (JEC) examines this rebound while emphasizing that targeted policies are warranted to support the fragile expansion of the manufacturing sector.
Jul 15, 2010 Press Release

WASHINGTON, D.C. – Rep. Carolyn Maloney (D-NY) issued the following statement applauding Senate passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act:

Jul 2, 2010 Press Release
Washington D.C. - Congresswoman Carolyn B. Maloney, Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement on the Bureau of Labor Statistics' June jobs report showing that the unemployment rate decreased to 9.5 percent and 125,00 total nonfarm jobs were lost:
Jul 1, 2010 Press Release
Madam Speaker,
I rise in strong support of H.R.5618, the Restoration of Emergency Unemployment Compensation Act. At a time of unprecedented unemployment, when 1 in 10 Americans have lost their jobs through no fault of their own, it is unconscionable that Republicans have blocked for months the extension of critical unemployment benefits that help individuals and their families make ends meet while they continue to search for work.
Jun 25, 2010 Press Release
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) today offered this statement following the final report of the Conference Committee early this morning. 

“This is a new day. Just over twelve months ago, President Obama called for major reforms as we were desperately trying to climb from the depths of the financial crisis. And today we've achieved the vast majority of his goals. He can attend the G20 meeting with a stronger hand to help lead the world out of this recession.
Jun 17, 2010 Press Release
New York, NY – According to data released by New York State’s Department of Labor today, 21,000 jobs were created in New York in the month of May, the fifth straight month of employment gains. The state’s unemployment rate dropped to 8.3% -- the lowest rate since April 2009. However, for the first time since December 2009, New York’s private sector did not experience employment gains.
May 28, 2010 Press Release
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) today voted to help create or save more than a million American jobs, provide working families with tax cuts, and close tax loopholes that reward companies for outsourcing American jobs.