The U.S. Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. It is 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 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. It is one of the oldest committees in the Senate, dating back to the beginning of the Senate, and having been chaired by such notable senators as Henry Clay.
The U.S. SenateCommittee on Finance (or, less formally, SenateFinanceCommittee) is a standing committee of the United States Senate.
It is one of the oldest committees in the Senate, dating back to the beginning of the Senate, and having been chaired by such notable senators as Henry Clay.
U.S. SenateFinance Subcommittee on Taxation and IRS Oversight
This is the Report of the SenateFinanceCommittee as its version of the legislation was passed in the Committee and sent to the full Senate.
The published hearings of the FinanceCommittee of the Senate upon this measure contain some 1,350 pages of printed testimony, and the hearings of the Ways and Means Committee of the House are of similar length.
The committee regards it as inadvisable to create new independent agencies, particularly where their functions are closely related to the major functions of an existing department.