The Joint Economic Committee (JEC) was created when Congress passed the Employment Act of 1946. Under this Act, Congress established two advisory panels: the President's Council of Economic Advisers (CEA) and the Joint Economic Committee. Their primary tasks are to review economic conditions and to recommend improvements in economic policy.
Chairmanship of the Committee alternates between the Senate and House every Congress. The Chairman of the Committee for the 114th Congress is Senator Dan Coats of Indiana. The Vice Chair is Representative Kevin Brady of Texas. The Ranking Member is Representative Carolyn Maloney of New York.