The Hon. Donald W. Riegle Jr.


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The Hon. Donald W. Riegle Jr.

Promontory Advisory Board Member

Sen. Donald Riegle Jr. served on the Senate Banking Committee for 18 years, and chaired it from 1989 to 1995. Prior to his three terms representing Michigan in the U.S. Senate, he was for 10 years a member of the U.S. House of Representatives, where he was on the Appropriations and International Relations committees.


Sen. Riegle began his public service career as a member of the U.S. House of Representatives in 1967, where he represented Michigan's 7th district for five terms. He was elected to the U.S. Senate in 1976 and served for three terms until 1995.

In his first action as chairman of the Senate Banking Committee, Sen. Riegle led the push to reform the savings and loan industry, which culminated in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. He went on to enact important measures to protect depositors, restrict too-big-to-fail policies, improve consumer disclosures, create community development banks, and eliminate restrictions on interstate branching.

Beyond the financial sector, Sen. Riegle also served on the Senate Finance, Commerce, and Budget committees and his leadership extended to trade, taxation, and veterans’ welfare. He most recently served as chairman of the government relations group at APCO Worldwide, a global communications consultancy.

Sen. Riegle has taught at Michigan State University, Boston University, the University of Southern California, and Harvard University. He graduated from the University of Michigan with a B.A. in business administration and economics, and earned his MBA at Michigan State. He spent three years in the finance department at IBM Corp., and subsequently enrolled in the doctoral program at Harvard Business School. He left that program in 1966 to run for Congress. Sen. Riegle is also the author of “O Congress,” published in 1972.


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