Economy
Related Issues on Economy
Legislation | Links | Press Releases
As Chair of the Joint Economic Committee, I will continue to aggressively push to address the serious economic crisis our country faces. The Committee will focus on the economic crisis and recession as they unfold, and will be actively involved with crafting our path to recovery.
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. As Chair, I am committed to providing an accurate and up to date picture of our economy by holding hearings and releasing reports that review crucial aspects of our nation’s economic policy. Each week, the JEC’s staff prepares the Weekly Economic Digest. The Digest tracks and analyzes the trends of key economic indicators, such as employment, productivity, inflation, retail sales, housing starts, and the financial markets. Members of Congress and others find the digest useful as a quick reference for recent statistics on the economy.
Legislation
03/09/95 - H.R.1183, Social Security Sanctions Reform Act [104th Congress]
08/06/93 - H.R.2698, Retroactive Income Tax Increase Prohibition Act [103rd Congress]
Links
More on Economy
Washington, DC - Today, in reaction to President Bush's FY04 Budget, Congresswoman Maloney released the following statement:
Thank you Mr. Chairman for holding this hearing today on the state of the economy. As we have seen since the middle of last year, economic growth has slowed dramatically.
WASHINGTON, D.C. -- Today, Rep. Carolyn B. Maloney (D- Manhattan, Queens) voted for and spoke in favor of the Comprehensive Retirement Security and Pension Reform Act, legislation that will raise the amount that individuals are permitted to contribute to IRA plans to $5,000 and 401(k) plans to $15,000. The bill also includes important pension portability and catch-up contribution provisions for workers who are 50 or older so that individuals who have been out of the workforce for a number of years, especially women who have raised families, can build their own nest eggs.
Thank you Chairman Oxley. Welcome Chairman Greenspan.
As the person in the country whose job is to read the direction of the economy many years into the future, it is particularly appropriate that you are appearing before the Committee on the morning after the President's speech.