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United States Senate Committee on Finance
The
U.S. Senate Committee on Finance
(or, less formally,
Senate Finance Committee
) is a
standing committee
of the
United States Senate
. The Committee concerns itself with matters relating to
taxation and other revenue
measures generally, and those relating to the
insular possessions
;
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
(notably
Medicare
and
Medicaid
) and health programs financed by a specific tax or trust fund; national social security;
reciprocal trade agreements
;
tariff
and
import
quotas, and related matters thereto; and the transportation of dutiable goods. It is considered to be one of the most powerful committees in Congress.
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