What is 'Credit Risk'. Credit risk refers to the risk that a borrower may not repay a loan and that the lender may lose the principal of the loan or the interest associated with it.
A conference committee is a committee of the Congress appointed by the House of Representatives and Senate to resolve disagreements on a particular bill. The conference committee is usually composed of senior Members of the standing committees of each House that originally considered the legislation.
Part (a) asked students to describe the role in lawmaking of the Senate filibuster, the House Rules Committee, and conference committees. In part (b) students were asked to describe a method by which Congress exercises oversight of the federal bureaucracy.