Ted Kaufman is the former Chair of the Congressional Oversight Committee of the Troubled Asset Relief Program (TARP)
He was formerly the United States Senator from Delaware.
Ted arrived in the Senate with significant experience, having served as Chief of Staff to Sen. Biden from 1976 to 1995. He used that experience to his advantage. Less than a month after arriving in the Senate, he introduced the Fraud Enforcement and Recovery Act with Sens. Patrick Leahy (D-VT) and Chuck Grassley (R-IA). The bipartisan legislation, signed into law by President Obama on May 20, 2009, strengthens the tools and increases the resources available to federal prosecutors to combat financial fraud.
Ted remained a leading voice in the financial debate, successfully pushing the Securities and Exchange Commission to strengthen its short selling rules and advance market structure reforms in such areas as high frequency trading. He was extremely active in trying to solve the problem of financial institutions deemed "too-big-to-fail," calling for a re-imposition of the Glass-Steagall Act, which would separate commercial and investment banking activities.
Along with Sen. Sherrod Brown (D-OH), Ted in April introduced the SAFE Banking Act of 2010, which would cap the size of banks based on their assets and liabilities. His provisions on health care fraud enforcement, which expanded the government's capacity to investigate waste, fraud and abuse in government and private health care, were included in the historic health care bill.
Initially appointed to two committees - the Judiciary Committee and the Foreign Relations Committee - Ted was assigned to two more panels in March, 2010: the Committee on Homeland Security and Governmental Affairs and became the first Delaware Senator to serve on the Armed Services Committee. He was also assigned to the Impeachment Committees of federal judges Samuel B. Kent and G. Thomas Porteous Jr.
Ted was one of the leading Senate voices supporting international press freedom, public diplomacy and an expanded civilian role in counterinsurgency operations. He co-authored the only piece of legislation on Iran signed into law last year: the Victims of Iranian Censorship (VOICE) Act, which supported increased U.S. broadcasting in Iran, as well as the development of Internet censorship circumvention tools.
Ted made three trips to Afghanistan, Pakistan and four trips to Iraq while in office, as well as two visits to Israel and the West Bank, and trips to Saudi Arabia, Lebanon, Kuwait, Egypt, Turkey and Syria. During those trips, he met with U.S. troops and military leaders, as well as regional officials, including Afghan president Hamid Karzai, Iraqi Prime Minister Maliki, Pakistan President Zardari, Israeli Prime Minister Netanyahu, Lebanon Prime Minister Hariri, Turkish Prime Minister Erdogan, and Syrian President Assad.
As the Senate's only member to have worked as an engineer, Ted was especially active in promoting the expansion of "STEM" - science, technology, engineering and mathematics - education. He was able to secure $400,000 to fund research and extension grants for women and minorities in STEM fields in a spending bill signed into law on October 16, 2009. In April 2010, Ted received the American Society of Mechanical Engineering's prestigious President's Award, presented to companies and individuals who have made significant contributions to the engineering profession. On December 21, 2010 the America COMPETES Act was signed into law which includes Ted’s STEM Education Coordination Act which provides overall coordination of federal programs and activities in support of STEM education.
A former federal employee, Ted went to the floor each week to honor a wide variety of federal employees, from a lawyer at the Securities and Exchange Commission to a technician in the National Guard. During his term he made floor statements on the accomplishments of 100 federal workers.
Ted was born on March 15, 1939, in Philadelphia, PA, to Helen Carroll and Manuel Kaufman. He graduated from Duke University with a BS in mechanical engineering. He later earned an MBA from the Wharton School of the University of Pennsylvania. In 1966, Ted moved to Delaware to work for the DuPont Company, and in 1972, joined Joe Biden's long-shot U.S. Senate campaign on a volunteer basis. He began working full-time for Biden in 1973, and three years later, became Biden's chief of staff - a job he held for 19 years.
Since 1991, Ted has taught a number of courses at the Duke University’s School of Law, Sanford School of Public Policy and Fuqua School of Business.
From 1995 until 2008, Ted was a Board member of the Broadcasting Board of Governors (BBG), the independent, autonomous, federal entity responsible for all U.S. government and government-sponsored non-military international broadcasting. He was appointed to the BBG by the Presidents Clinton and Bush and was confirmed by the Senate for four terms.
He lives with Lynne, his wife of over 50 years, in Wilmington, DE. They have three children, Kelly Lance, Murry Pierce, and Meg Hartley, and seven grandchildren.