The Finance Committee started in December 1831. Originally, it bore responsibility for reviewing all bills concerned with fiscal matters. In 1975, the review of budgetary and tax matters was assigned to a separate committee - the Budget and Taxation Committee.

Legislation relating to banking and financial institutions; credit regulation and consumer financing; economic and community development; and health and welfare matters is considered by the Committee. Bills concerned with insurance; labor and employment; State personnel issues; racing and lotteries; social programs; transportation; unemployment insurance; utility regulation; and worker's compensation also are reviewed by the Committee. The Committee has eleven members.

Over time the Finance Committee has used subcommittees and work groups to review legislation. In 1976, the Committee had three subcommittees: Consolidation of Services to the Blind; Control and Issuance of Birth Certificates; and Licensing of Professional Counselors. The Health Subcommittee, 1995-97, and the Welfare (later Welfare Reform) Subcommittee, 1995-2000, functioned at the same time that various work groups considered bills. Currently, the Committee has one work group: Unemployment Insurance Benefits-Adjustment.

The Unemployment Insurance Benefits-Adjustment Work Group formed in 1999.

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July 18, 2000   
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