Title: United States Senate Committee on Finance - Wikipedia
Headings: United States Senate Committee on Finance
United States Senate Committee on Finance
Senate Finance Committee
Contents
History
Role
Jurisdiction
Members, 117th Congress
Subcommittees
Chairs
Historical committee rosters
116th Congress
115th Congress
References
External links

Content: Once again the committee received jurisdiction owing to the payroll taxes that would be enacted to pay for the new program. The act was the first effort by the federal government to provide benefits to the elderly and the unemployed. The act greatly enhanced the economic welfare of many elderly Americans. In 1981, a Senate Resolution required the printing of the History of the Committee on Finance. Role
The role of the Committee on Finance is very similar to that of the House Committee on Ways and Means. The one exception in area of jurisdiction is that the Committee on Finance has jurisdiction over both Medicare and Medicaid, while the House Ways and Means Committee only has jurisdiction over Medicare. ( The House Energy and Commerce Committee has jurisdiction over Medicaid.) The other difference in terms of power is that all revenue raising measures must originate in the House giving the Ways and Means Committee a slight edge in setting tax policy. In addition to having jurisdiction over legislation the Committee has extensive oversight powers. It has authority to investigate, review and evaluate existing laws, and the agencies that implement them.