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US finance committee

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The US finance matters including bonded debt of the country, customs and deposit of public money are under the consideration of the Senate committee of US. This committee is a standing committee under the US senate. In role, this committee for finance is very much similar to the house committee on Ways and Means.

The Committee of Finance has control over both the Medicare and the Medicaid. The committee has various other powers including investigation, reviewing and evaluation of laws and the activities that govern them. The main aim in the setting up of such a committee was settling all issues connected to economy and currency.