Past Speaker

Phil Gramm

Former US Texas State Senator

Phil Gramm served six years in the U.S. House of Representatives and eighteen years in the U.S. Senate, becoming one of the most consequential economic legislators of the twentieth century. He authored the Gramm-Latta Budget, which enacted Reagan's landmark tax cuts and rebuilt national defense, and the Gramm-Rudman Act, which imposed the first binding constraints on federal spending. As chairman of the Senate Banking Committee, he steered the Gramm-Leach-Bliley Act into law, modernizing the financial services industry after sixty years of stagnation. A former economics professor at Texas A&M, Senator Gramm remains a leading voice for free markets and sound money.