Joint Economic Committee (JEC): The Joint Economic Committee is one of four joint standing congressional committees and consists of 10 members each from both the Senate and the House of Representatives. The committee is split evenly among partisan lines, with 10 Republicans and 10 Democrats. The committee was created by The Employment Act of 1946 and the main purpose of the committee is to study matters pertaining to the economy. The JEC then provides their findings to the Senate and House and advises members of Congress.

Source: Joint Economic Committee website, Wikipedia