November 9, 1994
TO: BOARD OF GOVERNORS NO. 116-94
RE: CONGRESSIONAL ELECTIONS
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While the pundits will be writing extensively about the
Republicans taking control of both the House AND Senate for the
first time in over 40 years, the following may be of more
immediate interest to you. It is expected that:
House Banking Committee Chairman Gonzalez will be replaced
by Iowa Congressman Jim Leach.
House Energy and Commerce Committee Chairman John Dingell
will be replaced by California Congressman Carlos Moorhead, or by
Virginia Congressman Tom Bliley, who may challenge Moorhead for
the Chair.
House Telecommunications and Finance Subcommittee Chairman
Ed Markey will be replaced by Texas Congressman Jack Fields.
House Ways and Means Committee Chairman Sam Gibbons will be
replaced by Texas Congressman Bill Archer.
House Ways and Means Select Revenue Subcommittee Chairman
Charlie Rangel will be replaced by Missouri Congressman Mel
Hancock.
The Senate Banking Committee will be chaired by New York
Senator Alfonse D'Amato, rather than Maryland Senator Paul
Sarbanes.
Senate Finance Committee Chairman Patrick Moynihan will be
replaced by Oregon Senator Bob Packwood.
All of the above Chair assignments are subject to House and
Senate leadership decisions as Congress organizes in the coming
months. Sixty-nine new Republicans and 12 new Democrats will
enter the House; all eleven new Senators are Republican. Alabama
Senator Richard Shelby announced today his switch to the
Republican party, bringing the majority to 53-47. New members
take office in January.
The Institute is prepared to work immediately with the new
majority.
Julie Domenick
Senior Vice President