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Donald Riegle
Donald Riegle
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Donald Wayne Riegle Jr. (/ˈrɡəl/ REE-gəl; born February 4, 1938) is an American politician, author, and businessman from Michigan. He served for five terms as a Representative and for three terms as a Senator in the U.S. Congress.

Key Information

Early life and family

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Donald Wayne Riegle Jr. was born on February 4, 1938, to Donald Wayne Riegle Sr., son of John Louis Riegle, owner of the Riegle Press and future mayor of Flint, MI and Dorothy Grace Riegle in Flint, Michigan. Riegle is a graduate of Flint Central High School.

He attended Flint Junior College (now Mott Community College) and Western Michigan University, graduated with a B.A in business administration and economics from the University of Michigan-Flint in 1960, and received an M.B.A. in finance from Michigan State University in 1961.[1] Riegle was employed by IBM as a financial analyst from 1961 to 1964. He completed required course work for doctoral studies in business and government relations at Harvard Business School, 1964 to 1966 before he left to run for Congress. Riegle taught at Michigan State University, Boston University, the University of Southern California, and Harvard University.

Political life

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U.S. Representative

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In 1966, Richard Nixon persuaded Riegle to return to Michigan to run for Congress.[2] Riegle was then 28 years old and considered to be a moderate Republican. Nixon attended an early campaign fundraiser, and talked up Riegle's prospects to reporters.[2]

Riegle defeated incumbent Democratic U.S. Representative John C. Mackie, to be elected from Michigan's 7th congressional district to the 90th Congress. Mackie was one of the Michigan Five Fluke Freshmen who lost their seats after a single term.[2]

In 1973, Riegle changed party affiliation to become a Democrat over differences with the Nixon–Agnew administration regarding the Vietnam War and the "Southern strategy".[3][circular reference] He was re-elected as a Democrat to the 94th Congress. He did not run for reelection to the House in 1976, but announced his candidacy for the U.S. Senate to succeed retiring Senator Philip Hart and defeated Michigan Secretary of State Richard H. Austin and fellow Congressman James G. O'Hara in the Democratic primary. He defeated Republican Congressman Marvin L. Esch in the general election.

In 1973 Riegle was one of the co-sponsors of H.R. 8163, a bill to prevent discrimination on the basis of sex or marital status in the granting of credit, also known as the Equal Credit Opportunity Act. Sponsored by Congresswoman Bella Abzug, the Equal Credit Opportunity was passed by the House and the Senate in 1974 and was signed into law by President Gerald Ford on October 28, 1974.

U.S. senator

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Riegle was elected to the United States Senate in 1976 over Republican Marvin Esch. On December 30, 1976, before Riegle's term was set to begin, he was appointed early by Governor William Milliken due to the death of Senator Hart for the term ending January 3, 1977. He was reelected to the Senate in 1982 and again in 1988. Riegle's 1988 election was the largest Democratic margin of victory in the state's history until being surpassed by Carl Levin in 2008. Riegle did not seek re-election in 1994.

He served as chairman of the Senate Committee on Banking, Housing, and Urban Affairs, 1989–1995. Riegle also served on the Senate Committee on Finance, where he served as Chairman of the Subcommittee on Health for Families and the Uninsured, the Senate Committee on Labor and Human Resources, where he served as Chairman of the Subcommittee on Alcoholism and Drug Abuse, the Senate Committee on Commerce, Science and Transportation, where he served as the Chairman of the Subcommittee on Science and Space, and was a member of the Senate Committee on Budget from 1979 to 1995.

In the area of banking reform, Chairman Riegle led the efforts to enact the "Federal Deposit Insurance Corporation Improvement Act of 1991 ("FDICIA"), which preserved the ability of the FDIC to protect depositors and reformed the way banks are run and regulated. FDICIA also restricted the "too big to fail policy", strengthened regulation of foreign banks in the U.S., and improved disclosure requirements for banks to consumers.

Chairman Riegle also led the effort to create a system of community development banks. The "Riegle Community Development and Regulatory Improvement Act of 1994" established the Community Development financial institutions Fund to seed and support financial institutions dedicated to supporting community development. The legislation also provided increased consumer protections for high rate home equity loans, contained measures to increase credit availability to small businesses, streamline the regulation of depository institutions, and reform the National Flood Insurance Program.

The "Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994" eliminated restrictions on interstate banking by permitting bank holding companies to acquire banks in any state, permitted banks to merge across state lines unless states opt-out, and reduced the competitive advantages that foreign banks had in the U.S. market over U.S. banks.

In 1994, Riegle led an investigation of the illnesses being experienced by veterans of the Gulf War, using the jurisdiction of the Senate Banking Committee over "dual use" exports—materials and technology that could be converted to military use. The resulting investigative report to the Senate detailed at least three occasions on which U. S. military forces came into contact with chemical warfare agents that may have led to the development of Gulf War syndrome and that at least some of those biological agents (weapons of mass destruction) had been provided to Saddam Hussein by the US. Commonly referred to as the Riegle Report to the U.S. Senate, the report called for further government investigation and recourse for war veterans suffering from Gulf War syndrome.

In his first action as Chairman of the Senate Banking Committee, Riegle led the efforts to reform the savings and loan industry, which resulted in the Financial Institutions Recovery, Reform, and Enforcement Act of 1989 ("FIRREA").[3] The toughest financial reform bill in 50 years, FIRREA ended the abuses and reformed the savings and loan industry. FIRREA put controls on state-chartered thrifts, stopped excessive risk taking by savings and loans, limited brokered deposits, banned junk bond investments, and set new capital requirements for savings and loans.

Later life

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In 1972, he authored a best-selling book, "O Congress," with Trevor Armbrister, Doubleday & Co., Inc. The book provides an inside look at the workings of Congress, Riegle's opposition to the Vietnam War, and his break with the Nixon White House.

In 1995, he joined Weber Shandwick Public Affairs, in Washington, D.C. There, he was instrumental in building the company's government affairs practice and played an important part in the procurement of Powell Tate, a government affairs firm that is now owned by Weber Shandwick and still operating in Washington D.C., under its independent brand. As the company grew, he took on more responsibility and eventually served as deputy chairman. He joined public relations firm APCO Worldwide in 2001, as chairman of government relations in Washington, D.C.

Riegle endorsed Bernie Sanders for the Democratic nomination for President of the United States[4] in both 2016 and 2020.[5]

See also

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References

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Revisions and contributorsEdit on WikipediaRead on Wikipedia
from Grokipedia
Donald Wayne Riegle Jr. (born February 4, 1938) is an American politician who represented Michigan in the United States House of Representatives from 1967 to 1976 and in the United States Senate from 1976 to 1995. Initially elected to the House as a Republican, Riegle switched parties to become a Democrat in 1973 due to policy differences with the Nixon administration on the Vietnam War and civil rights. As chair of the Senate Banking, Housing, and Urban Affairs Committee from 1989 to 1994, he advanced significant financial legislation, including serving as the lead Senate sponsor of the Chrysler Loan Guarantee Act of 1979, which provided federal backing to rescue the automaker during its near-bankruptcy, and co-authoring the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, which repealed restrictions on interstate banking to promote competition and efficiency in the sector. His Senate tenure, however, included involvement in the Keating Five scandal, in which he and four other senators faced ethics investigations for intervening with regulators on behalf of savings and loan executive Charles Keating amid the industry's crisis; the Senate Ethics Committee determined Riegle had acted improperly by meeting with regulators and providing misleading testimony, though it recommended no further sanctions beyond public admonishment. Riegle did not seek re-election in 1994, retiring amid the scandal's fallout and opposition to NAFTA.

Early life and education

Childhood and family background

Donald Wayne Riegle Jr. was born on February 4, 1938, in Flint, Genesee County, Michigan, to Donald Wayne Riegle Sr. (1917–1992) and Dorothy Grace (Fitchett) Riegle. The family resided on the east side of Flint, an industrial city centered around automobile manufacturing, where Riegle attended local public schools during his early years. Riegle's initial schooling included Lewis Elementary School, which he later recalled as segregated, serving an all-white student body despite Black children living just four blocks away. This environment reflected the broader racial dynamics of mid-20th-century Flint, though specific details on his family's or parental occupations remain limited in primary records.

Academic and early professional pursuits

Riegle graduated from Flint Central High School in 1956 after attending local public schools. He spent one year at Flint Junior College before transferring to Western Michigan University and ultimately earning a Bachelor of Arts in business administration from the University of Michigan in 1960. In 1961, he received a Master of Business Administration from Michigan State University. Following graduation, Riegle joined International Business Machines Corporation (IBM) as a financial analyst, working in White Plains, New York, until 1964. In 1964, Riegle enrolled in Harvard University's Graduate School of Business Administration to pursue a Doctor of Business Administration, residing in nearby Brewster, New York, during this period. His doctoral studies were interrupted in 1966 when he launched his congressional campaign.

Political beginnings

Initial entry as Republican Representative

Donald Riegle first entered the as a Republican representing after winning the election against incumbent Democrat John C. Mackie. The district, encompassing Flint and surrounding Genesee County areas, was considered heavily Democratic, yet Riegle prevailed with 67,690 votes to Mackie's 58,226, a margin of approximately 9,464 votes or 53.8% of the total. This victory contributed to the Republican Party's net gain of 47 seats in the during the 1966 midterm elections, amid national backlash against President Lyndon B. Johnson's programs and the escalating . Riegle, born February 4, 1938, in Flint, assumed office on January 3, 1967, for the 90th at age 28, marking one of the younger members of that session. As a freshman Republican, he aligned initially with moderate positions within the party, focusing on district issues such as in the auto-dependent region. His election reflected voter discontent with Democratic incumbents in industrial districts, where local concerns and anti-war sentiments bolstered GOP challengers. During his initial term, Riegle served on committees pertinent to his district's interests, including oversight of labor and economic policies affecting the automotive sector, though specific early legislative sponsorships emphasized constituent services over high-profile national debates. Reelected in 1968, 1970, and 1972 as a Republican, his early demonstrated adaptability in a competitive , with vote shares improving to reflect growing personal popularity despite the party's minority status in the .

Switch to Democratic Party

Donald Riegle, having been re-elected to his fourth term in the U.S. House of Representatives as a Republican in November 1972, announced his decision to switch parties in early March 1973. The move followed reports in late February of his plans to join the Democrats, amid his consistent opposition to key policies of the Nixon administration, including its handling of the Vietnam War and economic measures. Riegle formally affiliated with the Democratic Party on March 7, 1973, which resulted in his replacement on Republican-controlled House committees. Riegle attributed the switch to an ideological misalignment, stating that the Republican Party had drifted too far from its traditional principles toward excessive conservatism. His voting record as a House Republican had increasingly diverged from GOP leadership, with frequent support for Democratic positions on issues like environmental protection and social welfare programs, reflecting a moderate stance that clashed with the party's rightward shift during the early 1970s. The timing coincided with escalating Watergate investigations, though Riegle emphasized personal convictions over scandal-driven opportunism in his public explanations. The party change bolstered Democratic ranks in the House by one vote, contributing to their slim majority, and allowed Riegle to complete his term representing Michigan's 6th congressional district as a Democrat without facing immediate re-election pressure. He did not seek re-election to the House in 1974, instead positioning himself for a future Senate bid, which he pursued successfully as a Democrat in 1976. Critics within the Republican Party viewed the switch as self-serving, given its occurrence post-re-election, but Riegle maintained it aligned with his evolving policy priorities.

House of Representatives tenure (1967–1973)

Key legislative activities

Riegle served on the House Committee on Appropriations from the 90th Congress (1967–1968) through the 93rd Congress (1973–1974), a position that allowed him to influence federal spending allocations as a junior Republican member representing Michigan's manufacturing-heavy 7th district. This assignment positioned him to scrutinize executive branch requests and advocate for fiscal restraint, aligning with his initial conservative stance on government expenditures. In one documented instance, on June 28, 1967, Riegle spoke on the House floor in support of recommitting the Department of the Interior and Related Agencies Appropriation Act, 1968, with instructions to strike or reduce funding for programs he viewed as inefficient, such as certain administrative overheads and non-essential grants. His interventions often emphasized protecting industrial and defense-related funding vital to Michigan's economy, including automotive and Great Lakes-related initiatives, though no major Riegle-sponsored bills from this era enacted transformative policy changes. Riegle's work reflected a focus on district-specific economic advocacy, such as opposing cuts that could harm manufacturing jobs in Flint and surrounding areas, amid broader debates on programs and funding. By , his frustrations with congressional and party dynamics surfaced in O Congress, a published diary critiquing procedural inefficiencies and insider dealings, which underscored his evolving perspective on legislative effectiveness during this period.

District representation and elections

Riegle represented , which included Genesee County and surrounding areas centered on Flint, a major hub of the automotive manufacturing industry with a 1960 population of 196,940, predominantly working-class and influenced by strong labor unions like the (UAW). The district's economy relied heavily on plants and related industries, fostering a traditionally Democratic-leaning electorate despite Riegle's Republican status. In the 1966 election, the 28-year-old Riegle defeated one-term Democratic incumbent John C. Mackie to capture the seat for the Republican Party. He was reelected in 1968 with 104,502 votes (60.7 percent) against Democrat William R. Blue, who received 67,779 votes (39.3 percent). Riegle won again in 1970, garnering 88,208 votes in a contest against minor-party opposition, reflecting continued voter approval amid national Republican gains. His 1972 reelection saw his vote share surpass 70 percent, demonstrating broadening support in the district up to the point of his party switch. Riegle's representation focused on economic issues pertinent to the district's base, facilitated by his assignment to the House Appropriations Committee, where he influenced federal funding allocations. Despite his party affiliation, he cultivated cross-aisle appeal, securing endorsements from Flint-area UAW regional councils and locals for his 1968 reelection and earning recognition from The Nation magazine as one of the year's top two congressmen for his legislative record. This support underscored his responsiveness to constituent priorities in a union-dominated area, even as he maintained fiscal conservative positions aligned with Republican principles.

Senate career (1976–1995)

Election and early terms

In the 1976 United States Senate election in , held on November 2 following the death of incumbent Democrat on May 26, Donald Riegle secured the Democratic nomination after serving in the and defeating Republican nominee Marvin L. Esch, a U.S. Representative from Michigan's 2nd district, by a margin of 52.46% to 46.84%, with 1,831,031 votes to Esch's 1,635,087. The race drew national attention amid a Democratic wave year, but Riegle's campaign faced setbacks from disclosures of an extramarital affair with a former staffer during his first marriage's dissolution in 1969, which opponents highlighted to question his character. Despite this, Riegle was sworn into office on December 30, 1976, to complete the remainder of Hart's term ending January 3, 1977, and began his full six-year term in the 95th Congress. Upon entering the , Riegle received assignments to the Committee on Banking, Housing, and Urban Affairs, where he focused on issues as chairman of its Consumer Affairs Subcommittee in his initial years, and the Committee on Labor and Human Resources, reflecting his priorities on economic regulation and workforce matters pertinent to Michigan's manufacturing base. During his first term (1977–1983), he advocated for policies supporting the domestic automobile industry amid rising Japanese competition and energy crises, including support for standards and opposition to unchecked imports, while participating in debates over , such as voting for the of 1978. Riegle's legislative efforts emphasized fiscal interventions to bolster industrial employment, aligning with Democratic majorities under Presidents Carter and early Reagan administrations. He won reelection in 1982 against Republican Shirley Sanborn Johnson with 57.9% of the vote, consolidating his position amid Michigan's economic challenges. In his early Senate years, Riegle maintained a moderate Democratic profile, co-sponsoring measures on consumer credit protections and banking oversight while critiquing excessive , though his votes often prioritized regional interests like Great Lakes environmental protections and job preservation over broader free-market reforms. These activities positioned him as a defender of organized labor and sectors, contributing to his committee influence on issues that foreshadowed later roles.

Committee assignments and leadership

Riegle was initially assigned to the Senate Committee on Labor and Human Resources upon entering the chamber in 1977. Throughout his Senate tenure, he served on several key committees, including Banking, Housing, and Urban Affairs; ; Commerce, Science, and Transportation; and the . Within the Committee on Banking, Housing, and Urban Affairs, Riegle chaired the Subcommittee on Consumer Affairs during his early years on the panel, focusing on regulatory oversight of financial institutions and consumer protections. He ascended to chairmanship of the full committee in 1989, at the start of the 101st , when Democrats held the majority; he retained the position through the 103rd until Republicans gained control following the 1994 elections, serving until his retirement in 1995. In this role, Riegle oversaw legislation on banking , , and international financial matters, including the resolution of the . On the Senate Finance Committee, Riegle chaired the Subcommittee on Health for Families and the Uninsured in the early 1990s, where he held hearings on financing amid broader debates over national reform proposals. His Budget Committee service involved participation in deliberations, particularly during deficit reduction efforts in the late and early 1990s. These assignments positioned Riegle at the intersection of economic, financial, and , leveraging his prior House experience in appropriations and .

Major legislative contributions

Chrysler Loan Guarantee Act

The Chrysler Corporation Loan Guarantee Act of 1979 authorized the federal government to guarantee up to $1.5 billion in loans to the struggling automaker, averting its potential amid a severe , high fuel prices, and competitive pressures from Japanese imports. , headquartered in , , faced $460.6 million in losses for 1979 and projected further deficits, threatening over 200,000 jobs nationwide, with significant concentration in . The required concessions from Chrysler's management, unions, and lenders, including wage reductions and deferred payments, as conditions for guarantees administered by a newly created board. Senator , representing since 1976, emerged as a principal advocate for the , sponsoring S. 1965, the version of the bill introduced on October 25, 1979, which sought extended federal loan guarantees of up to 10 years to stabilize the company. As a member of the Banking, Housing, and Urban Affairs Committee, Riegle led efforts to rally support, emphasizing the economic ripple effects of a Chrysler collapse on 's auto-dependent economy and national suppliers. He collaborated with fellow Democrat and lobbied colleagues, framing the intervention as a pragmatic response to prevent widespread rather than an open-ended . Riegle's advocacy included testifying and negotiating during Senate hearings, where he countered skepticism by highlighting private sector commitments totaling over $1 billion in concessions, which supplemented federal guarantees. The bill passed the on December 20, 1979, after intense debate, and was signed into law by President on January 7, 1980. Chrysler drew down $1.2 billion in guarantees by 1980 but repaid all obligations ahead of schedule in 1983, yielding a net profit of $311 million for the U.S. Treasury from fees and interest. Riegle's role bolstered his reputation for defending industry, though critics argued it set a precedent for government intervention in private enterprise failures.

Banking and financial reforms

As chairman of the Senate Committee on Banking, Housing, and Urban Affairs from 1989 to 1995, Donald Riegle played a central role in addressing the and modernizing U.S. banking regulations. In response to widespread failures in the thrift industry during the , which exposed over $150 billion in losses to the federal system, Riegle spearheaded the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989. Signed into law on August 9, 1989, FIRREA abolished the Federal Home Loan Bank Board, established the to manage and liquidate failed thrifts, and created the Office of Thrift Supervision to oversee savings associations, aiming to restore stability through enhanced regulatory authority and enforcement mechanisms. Riegle continued reform efforts with the Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991, which he led in the Senate to strengthen the federal deposit insurance framework amid ongoing concerns over moral hazard and systemic risk. Enacted on December 19, 1991, FDICIA introduced risk-based insurance premiums for banks, mandated prompt corrective action by regulators for undercapitalized institutions, and limited federal coverage to $100,000 per depositor to curb excessive risk-taking insured by taxpayers. These provisions sought to align regulatory incentives with prudent lending practices, reducing the likelihood of future bailouts by tying insurance costs directly to institutional risk profiles. In 1994, Riegle co-authored and advanced the Riegle-Neal Interstate Banking and Branching Efficiency Act, which dismantled longstanding barriers under the McFadden Act of 1927 and Glass-Steagall restrictions. Passed by and signed by President on September 29, 1994, the act permitted bank holding companies to acquire banks in any state after June 1, 1997, and allowed interstate branching de novo or through mergers, subject to a five-year phase-in and deposit concentration limits not exceeding 30% in any state. This legislation facilitated industry consolidation, enabling larger banks to achieve and compete more effectively, though critics later linked it to increased systemic concentration. Riegle also sponsored the Riegle Community Development and Regulatory Improvement Act of 1994 (H.R. 3474), enacted as part of broader regulatory relief measures to streamline compliance for depository institutions. Effective October 28, 1994, it reduced paperwork burdens under the by authorizing electronic filing of currency transaction reports and coordinated interagency reviews to minimize duplicative regulations, while preserving anti-money laundering safeguards. These changes aimed to lower operational costs for smaller banks without compromising financial integrity, reflecting Riegle's emphasis on balancing with oversight in post-crisis reforms.

Controversies and ethical issues

Involvement in Keating Five scandal

Donald Riegle, along with Senators , , , and , faced investigation by the U.S. Senate Select Committee on Ethics for intervening with federal regulators on behalf of Charles H. Keating Jr., whose was embroiled in regulatory scrutiny over high-risk investments exceeding federal limits on junk bonds and real estate. The interventions occurred amid the late 1980s , where Lincoln's practices contributed to its 1989 failure, costing taxpayers approximately $3.4 billion in bailout funds. Riegle, who represented , had received about $27,000 directly from Keating and an additional $53,000 from his associates for his campaign committees between 1982 and 1987, totaling roughly $80,000. Riegle's specific actions included arranging and participating in key with officials from the Federal Home Loan Bank Board (FHLBB). On April 2, 1987, he joined DeConcini, Glenn, and McCain in a discussion with regulators, urging them to delay enforcement actions against Lincoln and to consider replacing the head of the FHLBB office, who was leading the probe. A follow-up meeting on April 9, 1987, involved all five senators and FHLBB Chairman Edwin Gray, where they pressed for reconsideration of the regulatory stance, with Riegle reportedly emphasizing the need for fairness to Keating as a major employer. Regulators later testified that these encounters created undue pressure, though the senators maintained their efforts constituted routine constituent assistance for a large donor and job creator in their states. The Senate Ethics Committee hearings, spanning late 1990 to 1991, examined over 200,000 pages of documents and witness testimonies, including Riegle's own appearance where he defended his involvement as limited and not intended to obstruct regulation. In its November 1991 report, the committee concluded that Riegle's conduct, particularly the repeated contacts and meetings, demonstrated poor judgment and created "the appearance of being improper," but stopped short of recommending formal or expulsion, unlike Cranston, who faced for more extensive ties to Keating. The panel attributed the lack of harsher action to insufficient evidence of explicit , though critics, including some committee members, argued the decision overlooked a pattern of influence-seeking behavior. Keating was later convicted in 1991 on 73 counts of and , serving over four years in prison.

Impact on career and public perception

The Senate Ethics Committee's 1991 investigation into the concluded that Riegle's interventions on behalf of gave the "appearance of being improper" and demonstrated "insensitivity to the ," though it found no violation of law or Senate rules warranting punishment beyond a statement of disapproval. This outcome, while formally exonerating Riegle of ethical breaches, failed to dispel broader perceptions of favoritism toward a major donor, as Riegle had received over $77,000 in campaign contributions from Keating and associates between January and April 1987. The scandal eroded Riegle's political standing in Michigan, where he faced a challenging 1994 reelection amid heightened scrutiny of congressional ethics following the savings and loan crisis. On September 28, 1993, Riegle announced he would not seek a fourth term, citing a desire to spend more time with his young children, though contemporary analyses attributed the decision primarily to the lingering damage from the Keating affair, which opponents in both parties exploited as evidence of vulnerability. His retirement marked him as the third of the five implicated senators to exit office without facing voters, underscoring the scandal's role in hastening the end of his 18-year Senate tenure. Public perception of Riegle shifted durably toward skepticism of his integrity, with the "" label persisting as an indelible stain that overshadowed his prior achievements in banking reform and representation, even after the Committee's mild rebuke. Despite Riegle's insistence during his announcement that he remained electable, the episode amplified distrust in institutional figures amid the early wave of ethics reforms, contributing to a of congressional sleaze that influenced voter sentiment against incumbents.

Post-Congressional life

Business and advisory roles

Following his retirement from the U.S. Senate in January 1995, Donald Riegle transitioned to advisory and consulting roles in the public affairs sector. From 1995 to 2001, he served as a senior advisor at Shandwick Public Affairs, focusing on strategic communications and government relations. In April 2001, Riegle joined APCO Worldwide, an international public affairs and strategic communications firm, as chairman of its government relations unit in In this capacity, he counseled chief executives and senior leaders on policy strategy, regulatory navigation, and bipartisan engagement, drawing on his prior chairmanship of the Banking . He registered as a lobbyist for APCO clients on issues including , , and , continuing in such activities through at least 2016. Riegle also pursued board directorships at publicly traded companies. He joined the board of WellPoint, Inc. (later rebranded as and then ), a major insurer, around 2001 and remained through at least 2009, contributing expertise on healthcare policy amid the firm's expansions via mergers. Concurrently, he served on the board of , a NYSE-listed producer of and , participating in decisions including and stockholder agreements from the early 2000s onward, as documented in SEC filings. Additionally, Riegle held a directorship at RX Optical Laboratories, Inc., an eye care and visual products firm. These roles underscored his post-Congressional focus on leveraging legislative experience for and policy advisory in , , and resources sectors.

Writings and public commentary

In 1972, during his tenure as a U.S. Representative, Riegle co-authored O Congress! with journalist Trevor Armbrister, offering a diary-style insider account of congressional operations, committee work, and legislative deal-making based on his first term experiences after switching from Republican to Democratic affiliation. The book critiqued institutional inefficiencies and partisan dynamics, drawing from personal observations of floor debates and backroom negotiations. Following his retirement from the Senate in January 1995, Riegle engaged in limited public commentary, primarily through testimonies and historical reflections rather than new publications. In January 2002, he testified before the U.S. Committee on Government Reform on lessons from the 1991 , emphasizing unresolved veteran health issues tied to chemical exposures and U.S. exports of dual-use materials to —extending investigations he led as Banking Committee chairman in the early 1990s. He argued for sustained federal accountability on environmental and aftermaths, citing data from over 4,000 affected veterans. Riegle contributed to archival records via oral histories conducted by the Miller Center of Public Affairs, including sessions on July 8, 2008, and September 1, 2009, where he discussed his legislative career, party switch in 1973, and roles in banking reforms like the Riegle-Neal Act of 1994. In December 2018, he joined 43 other former senators in an published in , urging the Senate to uphold constitutional oversight amid perceived erosions in democratic checks, signed by a bipartisan group including 32 Democrats, 10 Republicans, and two independents. No major books or op-eds from Riegle appear after his congressional service, with his commentary focusing on policy continuity from prior roles.

References

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