Congress

AAA

DEFINITION of 'Congress'

The legislative branch of the United States government. It is responsible for making laws and helps to balance out the power of the executive and judicial branches of government. Congress has enumerated powers established by the U.S. Constitution, including laying and collecting taxes, borrowing money, regulating commerce and declaring war.

INVESTOPEDIA EXPLAINS 'Congress'

Congress consists of the Senate and the House of Representatives. Each state elects a number of representatives in proportion to that state's population. The representatives serve two-year terms. Each state also elects two senators, who serve six-year terms.





The political power in Congress impacts the financial world directly. For this reason, almost every large industry has many lobbyists in Washington pushing their agendas.

RELATED TERMS
  1. Stop Trading On Congressional Knowledge ...

    A bipartisan bill signed into law Apr. 4, 2012 by President Barack ...
  2. Senate Bill

    A piece of proposed legislation that either originated or was ...
  3. Bill Presentment

    The submission of a bill of exchange for payment. A bill, such ...
  4. Sixteenth Amendment

    The amendment within the Constitution that gives Congress the ...
  5. Congressional Oversight Panel - ...

    A panel created by the U.S. Congress in 2008 to oversee for the ...
  6. Legislative Overkill

    A law enacted to stop or prevent the abuse of a loophole, but ...
Related Articles
  1. The Government And Risk: A Love-Hate ...
    Insurance

    The Government And Risk: A Love-Hate ...

  2. What Is Fiscal Policy?
    Economics

    What Is Fiscal Policy?

  3. How Education And Training Affect The ...
    Economics

    How Education And Training Affect The ...

  4. Is The U.S. Government Too Big To Fail?
    Retirement

    Is The U.S. Government Too Big To Fail?

Hot Definitions
  1. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  4. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  5. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  6. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
Trading Center