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Friday, March 30, 2018

Former Sen. Judd Gregg Named CEO Of Top Wall Street Lobbying Group ...
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Judd Alan Gregg (born February 14, 1947) served as the 76th Governor of New Hampshire and was a United States Senator from New Hampshire, who served as chairman of the Senate Budget Committee. He is a member of the Republican Party and was a businessman and attorney in Nashua before entering politics. He currently serves as the Chair of the Public Advisory Board at the New Hampshire Institute of Politics at Saint Anselm College. Gregg was nominated for Secretary of Commerce in the Cabinet by President Barack Obama, but withdrew his name on February 12, 2009. He would have been up for re-election in 2010, but chose not to run. In the November 2010 elections, former State Attorney General Kelly Ayotte, also a Republican, was elected to succeed Gregg in the Senate. On May 27, 2011, Goldman Sachs announced that Gregg had been named an international advisor to the firm. In May 2013, Gregg was named the CEO of the Securities Industry and Financial Markets Association, a Wall Street lobbying group. He later stepped down as CEO in December 2013 and became a senior adviser.

For the United States presidential election in 2016 Gregg endorsed former Florida Governor Jeb Bush, and upon Bush's suspension of his campaign Gregg endorsed Ohio Governor John Kasich.


Video Judd Gregg



Early life

Born in Nashua, New Hampshire, he is the son of Catherine Gregg (née Warner) and Hugh Gregg, who was Governor from 1953 to 1955. Gregg graduated from Phillips Exeter Academy in 1965. Gregg received his baccalaureate from Columbia University in 1969 and, from Boston University School of Law, a Juris Doctor in 1972 and a Master of Laws in 1975.


Maps Judd Gregg



Early political career

The first elective office held by Gregg was a seat on the Executive Council of New Hampshire, a post which he held from 1979 to 1981. He was elected to the United States House of Representatives in 1980, and was reelected in 1982, 1984 and 1986.

He declined to run for re-election in 1988, and ran for Governor of New Hampshire instead. He won that election and was re-elected in 1990, New Hampshire being one of two states (Vermont is the other) that continues to elect its governors to two-year, rather than four-year, terms. As Governor, he balanced the budget, leaving the office in 1993 with a $21 million surplus. However, his political opponents in the 1990s attacked Judd for the state's weak economy and his Vietnam War deferments.


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U.S. Senate tenure

Elections

In 1992, Gregg decided to run for the U.S. Senate seat being vacated by two-term Republican Warren Rudman. He defeated Democrat John Rauh, and took his seat as a United States Senator in 1993. He was re-elected to a second term in 1998 after defeating George Condodemetraky, and ran for a third term. That year, 2004, he defeated campaign finance activist Doris "Granny D" Haddock, the then 94-year-old Democratic nominee, by 66% to 34%.

After withdrawing from his nomination to become United States Secretary of Commerce in the presidential administration of Democrat Barack Obama on February 12, 2009, Gregg said he would "probably not" seek reelection in 2010, when his term of office was set to expire.

Leadership

In January 2005, Gregg was elected to chair the U.S. Senate Committee on Budget by the Senate Republican Conference. While chairman of this committee Gregg has been a steadfast supporter of lower spending. Throughout his Senate career he has been highly supportive of lower taxes as well.

On November 14, 2008 Gregg was appointed by United States Senate Minority Leader Mitch McConnell to serve on the five-member Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act. Gregg "stepped aside" on December 1, citing his Senate workload:

I regret that due to the impending Senate schedule involving the potential of dealing with an extremely large stimulus package, coupled with the ongoing issues of developing fiscal policy relative to the budget and the continuing economic downturn and my responsibility for foreign operations appropriations, it has become difficult to continue service on the TARP oversight board. I have advised Senator McConnell I will need to step aside from this effort.

Platform

Republicans for Environmental Protection issued Gregg an "environmental harm demerit" for sponsoring the 2006 S.C. Resolution 83, which according to REP "included only one revenue-raising instruction to Senate appropriations committees, an abuse of the congressional budget process in order to force oil drilling in the Arctic National Wildlife Refuge", and "would perpetuate America's dangerous oil dependence and damage the most scenic, wildlife-rich reserve in the circumpolar north." The organization also praised Gregg, together with John E. Sununu, for their work to pass the New England Wilderness act, which classified nearly 100,000 acres (400 km2) of New Hampshire and Vermont as wilderness. In 2006, Gregg received a score of 43% from the nonpartisan League of Conservation Voters.

The University of New Hampshire renamed its Environmental Technology Building Gregg Hall, because Gregg used earmarks to secure $266 million of federal funds for research and development projects for the university. The Judd Gregg Meteorology Institute (JGMI), established in 2003, is the center of meteorological and atmospheric research at Plymouth State University in Plymouth, NH, which offers the only meteorology degree program in the state. The Senator was also instrumental in the establishing of the New Hampshire Institute of Politics at Saint Anselm College in 1999.

In 2007, Gregg voted for the Clean Energy Act of 2007 (H.R. 6) and the Comprehensive Immigration Reform Act of 2007 (S. 1639).

In October 2009, Gregg said, "You talk about systemic risk. The systemic risk today is the Congress of the United States...we're creating these massive debts which we're passing on to our children...(the figures) mean we're basically on the path to a banana republic-type of financial situation in this country. "

Gregg has a moderate record on social issues. In June 2006, he joined six of his fellow Republicans in voting against the Federal Marriage Amendment. In April 2007, he was among the breakaway Republicans to support the Stem Cell Research Enhancement Act. However, his record on the issue of abortion is otherwise a solidly pro-life one. Gregg has voted for some gun control measures and against others. He voted against the Brady Bill, but in recent years has voted for trigger control locks on firearms and in favor of the ban on assault weapons.

On December 17, 2009, Gregg voted to extend Chairman Ben Bernanke's term.

Presidential politics

During the 2004 Presidential Election, Gregg stood in for John Kerry during practice sessions held by George W. Bush in preparation for the 2004 United States Presidential Election Debates. Four years earlier he had played the part of Al Gore for the same purpose.

On October 29, 2007, Gregg endorsed Mitt Romney, former Governor of Massachusetts, to be the Republican nominee for President of the United States.

Gregg has not foreclosed the possibility of running for President himself after he leaves the Senate but he has said it's "not likely":

"In New Hampshire we like to have a variety of candidates, so I would seriously doubt that. I expect to be actively involved in the presidential primary. That's the fun on coming from New Hampshire and being in office," Gregg said.

"I don't rule out anything in my future. Let's face it -- that's not likely and I wouldn't expect to be doing that," he added.

The Spanish Justice System and Guantanamo Bay

In April 2009, Senator Gregg was sent to accompany an American diplomat to speak with a Spanish diplomat Luis Felipe Fernández de la Peña after a war crimes case was filed by Spanish NGO Association for the Dignity of Spanish Prisoners at the Audiencia Nacional of Spain accusing them of crimes in Iraq and Guantanamo Bay. The case targeted six former US government officials for allegedly violating the Geneva Convention, the 1984 Convention Against Torture, and the 1998 Rome Statute. The six accused were: Alberto Gonzales, David Addington, William Haynes, Douglas Feith, Jay Bybee, and John Yoo. A summary of the meeting as recorded in a confidential diplomatic cable released by WikiLeaks stated:

Senator Gregg expressed his concern and dismay about reported Spanish judiciary desire to indict six former Bush administration officials for allegedly creating a legal framework that permitted torture. Fernandez de la Pena lamented this development, adding that judicial independence notwithstanding, the Ministry of Foreign Affairs disagreed with efforts to apply universal jurisdiction in such cases.

Senator Mel Martinez had a similar diplomacy meeting during the same period with the same agenda discussed. Martinez noted that "the prosecutions would neither be understood nor accepted in the U.S. and would have an enormous impact on the bilateral relationship". Spanish Foreign Minister Angel Lossada retorted, "the National Court had broad jurisdiction for universal justice and that there was no political influence on the judicial process."

In an earlier cable days before the senators arrived, a US diplomat commented:

We do not know if the [Spanish] government would be willing to take the risky step of trying behind the scenes to influence the prosecutor's recommendation on this case or what their reaction to such a request would be.

Controversies

In the Senate, Gregg was the leading Republican negotiator and author of the TARP program, which bailed out financial institutions, while he had a multimillion-dollar investment in Bank of America. After leaving the Senate Gregg became an advisor to the investment bank Goldman Sachs.

In February 2009, the Associated Press reported that Gregg and his family had profited personally from federal earmarks secured by the senator for the redevelopment of the Pease Air Force Base in Portsmouth, New Hampshire into an industrial park. According to Senate records, Gregg has collected from $240,017 to $651,801 from his investments in Pease Air Force Base, while helping to arrange at least $66 million in federal aid for the former base. Gregg has denied any wrongdoing in the matter and claimed that his withdrawal from consideration for the Commerce Secretary was unrelated to the White House's discovery during the vetting process of his involvement in his family's real estate investments in Pease. Gregg explained away his actions by saying, "I've throughout my entire lifetime been involved in my family's businesses and that's just the way our family works. We support each other and our activities."

Gregg as a member of President Barack Obama's deficit commission defended cutting Social Security by quoting Willie Sutton who, when asked why he robbed banks, replied, "because that's where the money is." The New York Times on August 24, 2015 published a letter by Gregg advocating cuts in Social Security benefits.


WASHINGTON DC March 4 Sen Judd Gregg R N H talks to reporters in ...
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Commerce Secretary nomination and withdrawal

On February 2, 2009, Politico and CNN reported that Gregg accepted President Obama's offer to be the next United States Secretary of Commerce. If Gregg had been confirmed by the Senate, he would have had to resign his Senate seat and be replaced with an appointment by Democratic Governor John Lynch. Sources from both parties confirmed that Gregg's former chief of staff, Republican Bonnie Newman, would have been chosen to replace him. The Washington Post had alleged that Gregg would not accept the appointment unless Gov. Lynch agreed to appoint a Republican to fill his seat until 2010. In February 2009 many news outlets noted that Gregg had, in 1995, voted to abolish the United States Department of Commerce. Although he has stated that he supports the stimulus package promoted by President Obama, he has stated that he will recuse himself from voting on the package.

With reports that the Obama Administration would move the United States Census Bureau, typically run by the Commerce Department, out of Gregg's jurisdiction, Republican leaders urged Obama to allow Gregg to run the census or withdraw Gregg's nomination. On February 12, 2009, Gregg withdrew his name from consideration for the position of United States Commerce Secretary, citing disagreements with issues surrounding the census and the stimulus bill. White House Press Secretary Robert Gibbs issued a statement regarding Gregg's withdrawal in which he accused the senator of not following through on his alleged statements of support for Obama's economic agenda made during the vetting process:

Senator Gregg reached out to the President and offered his name for Secretary of Commerce. He was very clear throughout the interviewing process that despite past disagreements about policies, he would support, embrace, and move forward with the President's agenda. Once it became clear after his nomination that Senator Gregg was not going to be supporting some of President Obama's key economic priorities, it became necessary for Senator Gregg and the Obama administration to part ways. We regret that he has had a change of heart.

While speaking to press afterward, Gregg acknowledged responsibility for his decision and accepted the blame for accepting and then rejecting the Commerce Secretary nomination.

In an interview response to the AP, Gregg was quoted as saying, "For 30 years, I've been my own person in charge of my own views, and I guess I hadn't really focused on the job of working for somebody else and carrying their views, and so this is basically where it came out."

In February 2009, the Associated Press reported that Gregg and his family had profited personally from federal earmarks secured by the Senator for the redevelopment of the Pease Air Force Base into an industrial park. According to Senate records, Gregg has collected from $240,017 to $651,801 from his investments in Pease Air Force Base, while helping to arrange at least $66 million in federal aid for the former base. Gregg claimed that his withdrawal from consideration for the Commerce Secretary was unrelated to the White House's discovery during the vetting process of his involvement in his family's real estate investments in Pease.


Delegate Gregg tells WMUR he will not attend Republican National ...
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Personal life

Gregg belongs to the Congregationalist Church. He is married to Kathleen MacLellan Gregg. The couple have has daughters, Molly and Sarah, and a son, Joshua.

Gregg won more than $850,000 in 2005 after buying $20 worth of Powerball tickets at a Washington, D.C. convenience store.


4 24 97 Sen Dick Durbin D Ill at podium and Sen Judd Gregg R N H ...
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Electoral history


06 14 06 Senate Budget Chairman Judd Gregg R N H left with Sen ...
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See also

  • Unsuccessful nominations to the Cabinet of the United States

Bitcoin Could Alter the World', Says Former US Senator Judd Gregg ...
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References




External links

  • Biography at the Biographical Directory of the United States Congress
  • Profile at Project Vote Smart
  • Financial information (federal office) at the Federal Election Commission
  • Appearances on C-SPAN
  • Gregg as governor at New Hampshire's Division of Historic Resources
  • Environmental Technology building named for Senator Gregg - The New Hampshire
  • Judd Gregg Meteorology Institute

Source of the article : Wikipedia

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