United States Congressional Joint Economic Committee
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The Joint Economic Committee (JEC) is one of four standing joint committees of the U.S. Congress. The committee was established as a part of the Employment Act of 1946, which deemed the committee responsible for reporting the current economic condition of the United States and for making suggestions for improvement to the economy. The JEC is currently chaired by Representative David Schweikert of Arizona.
Jurisdiction
Study the implications of the Economic Report of the President
Seek ways to coordinate programs involved in the Report
File an annual report relating to its study of these implications and programs with the Senate, the House of Representatives, and all Congressional committees having legislative duties relating to the Report
Make other reports and recommendations to the Senate and the House as the committee members see fit
Hold hearings on the report and other economic matters as the committee members see fit.
The chair and vice chair rotate between the House and Senate majority each Congressional term, while the ranking member and vice ranking member rotate between the House and Senate minority.