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.
The Importance of the Committee System. Congressional committees are the workhorses of Congress. As the number of issues brought before Congress grows, lawmakers increasingly rely on the committee system to sift through the facts and determine how issues should be resolved. Congress is made up of both standing committees and select committees.