The Committee is one of twenty standing committees in the United States Senate. The Who’s on the senate finance committee was formally established as the “Committee on Banking and Currency” in 1913, when Senator Robert L. Senate: Committee on Banking, Housing, and Urban Affairs”.
Senate Banking, Housing, and Urban Affairs Committee. You can help Wikipedia by expanding it. Jump to navigation Jump to search “Committee on Foreign Relations” redirects here. It is not to be confused with Council on Foreign Relations.
United States Senate Committee on Foreign Relations. The United States Senate Committee on Foreign Relations is a standing committee of the United States Senate. 1907, Alabama Democrat John Tyler Morgan played a leading role on the Committee. Morgan called for a canal linking the Atlantic and Pacific oceans through Nicaragua, enlarging the merchant marine and the Navy, and acquiring Hawaii, Puerto Rico, the Philippines, and Cuba.
He expected Latin American and Asian markets would become a new export market for Alabama’s cotton, coal, iron, and timber. During World War II, the committee took the lead in rejecting traditional isolationism and designing a new internationalist foreign policy based on the assumption that the United Nations would be a much more effective force than the old discredited League of Nations. Of special concern was the insistence that Congress play a central role in postwar foreign policy, as opposed to its ignorance of the main decisions made during the war. In 1966, as tensions over the Vietnam War escalated, the Committee set up hearings on possible relations with Communist China.
Witnesses, especially academic specialists on East Asia, suggested to the American public that it was time to adopt a new policy of containment without isolation. The hearings Indicated that American public opinion toward China had moved away from hostility and toward cooperation. In response to conservative criticism that the state department lacked hardliners, President Ronald Reagan in 1981 nominated Ernest W. Republican Senator Jesse Helms, a staunch conservative, was Committee chairman in the late 1990s.