Donald Riegle
Chair of the Senate Banking Committee
In office
January 3, 1989 – January 3, 1995
Preceded byWilliam Proxmire
Succeeded byAl D'Amato
United States Senator
from Michigan
In office
December 30, 1976 – January 3, 1995
Preceded byPhilip Hart
Succeeded bySpencer Abraham
Member of the U.S. House of Representatives
from Michigan's 7th district
In office
January 3, 1967 – December 30, 1976
Preceded byJohn C. Mackie
Succeeded byDale Kildee
Personal details
Born
Donald Wayne Riegle Jr.

(1938-02-04) February 4, 1938
Flint, Michigan, U.S.
Political partyDemocratic (1973–present)
Republican (before 1973)
Spouse
Lori Hansen
​
(m. 1978)​
Children5
ParentDonald W. Riegle Sr. (father)
EducationMott Community College
Western Michigan University
University of Michigan, Flint (BA)
Michigan State University (MBA)
Harvard University

Donald Wayne Riegle Jr. (born February 4, 1938) is an American politician, author, and businessman from Michigan. He served for five terms as a Representative and for three terms as a Senator in the U.S. Congress.

Early life and family

He attended Flint Junior College (now Mott Community College) and Western Michigan University, graduated with a B.A in business administration and economics from the University of Michigan-Flint in 1960, and received an M.B.A. in finance from Michigan State University in 1961.[1]

Political life

In 1966, Richard Nixon persuaded Riegle to return to Michigan to run for Congress.[2] Riegle was then 28 years old and considered to be a moderate Republican. Nixon attended an early campaign fundraiser, and talked up Riegle's prospects to reporters.[2]

Riegle defeated incumbent Democratic U.S. Representative John C. Mackie, to be elected from Michigan's 7th congressional district to the 90th Congress. Mackie was one of the Michigan Five Fluke Freshmen who lost their seats after a single term.[2]

In his first action as Chairman of the Senate Banking Committee, Riegle led the efforts to reform the savings and loan industry, which resulted in the Financial Institutions Recovery, Reform, and Enforcement Act of 1989 ("FIRREA").[3]

Later life

Riegle endorsed Bernie Sanders for the Democratic nomination for President of the United States[4] in both 2016 and 2020.[5]

See also

References

  1. ↑ "DONALD W. RIEGLE, JR. ARCHIVES".
  2. 1 2 3 Li, Victor (2018). Nixon in New York: How Wall Street Helped Richard Nixon Win the White House. Fairleigh Dickinson University Press. ISBN 9781683930013.
  3. ↑ Committee on Banking, Housing and Urban Affairs, United States Senate, "Accomplishments of Senator Donald W. Riegle, Jr., Chairman, 1989–1994"
  4. ↑ "Colleen M Nelson on Twitter".
  5. ↑ "Sen. Riegle endorses Bernie Sanders for President". USA Today.
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