Former senator Phil Gramm has joined the American Enterprise Institute (AEI) as a visiting scholar focusing on economic policy.
The Texas Republican served as the chairman of the Senate Banking Committee and co-authored several significant laws, including the Gramm-Rudman Balanced Budget and Deficit Control Act and the Gramm-Leach-Bliley Act. In 1996, he unsuccessfully sought the Republican presidential nomination. After leaving the Senate in 2002, he served as vice chairman of UBS Investment Bank.
According to the AEI, Gramm will focus on creating a ‘comprehensive plan to fix the U.S. economy through reform of the tax code and entitlement programs such as Social Security and Medicare.’