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After becoming the Republican nominee for the 2010 U. Senate election in Pennsylvania, Toomey was elected to the seat on November 2, 2010, defeating his Democratic opponent, former U. Navy Three-star admiral and Congressman Joe Sestak. Senate, Toomey serves on the Committee on Banking, Housing, and Urban Affairs, the Committee on the Budget, the Committee on Finance, and the Congressional Joint Economic Committee, among others including several subcommittees.
He is currently the only Republican holding statewide office in Pennsylvania. In 2011, he also served on the Joint Select Committee on Deficit Reduction.
In 2010, Toomey said, "I think it's clear that [climate change] has happened.
The Act would reduce costs for businesses that go public by phasing in SEC regulations for "emerging growth companies" over a five-year period.In 1994, 32-year-old Toomey was elected to Allentown's newly established Government Study Commission. Representative for Pennsylvania's 15th congressional district from 1999 to 2005.During his term, Toomey drafted a new charter for the commission requiring a supermajority for any tax increase. Afflerbach, State Senator and former state representative. While serving in the United States House of Representatives he distinguished himself as a fiscal expert. Toomey attended La Salle Academy in Providence, Rhode Island before earning a B. beginning in 19, respectively, until resigning from the latter in 1991. Representative for Pennsylvania's 15th congressional district for three terms, from 1999 to 2005, but did not seek a fourth term to honor a pledge he had made while running for office in 1998. He was employed as a currency trader, first by Chemical Bank and subsequently by Morgan, Grenfell & Co.
He pressed the House to pass the Commodity Futures Modernization Act of 2000 because it would "eliminate most of the cloud of legal and regulatory uncertainty that has shadowed" derivatives since their invention.