Bentsen, Lloyd Millard, Jr.

Bentsen, Lloyd Millard, Jr.,

1921–2006, American political leader and U.S. secretary of the treasury (1993–94), b. Mission, Tex. He received a law degree from the Univ. of Texas in 1942 and served as a B-24 squadron commander during World War II. A Democrat, he served three terms in the U.S. House of Representatives (1949–55) before starting a successful insurance business in Houston. Returning to politics in 1970, he was elected to the U.S. Senate, defeating George H. W. BushBush, George Herbert Walker,
1924–2018, 41st President of the United States (1989–93), b. Milton, Mass., B.A., Yale Univ., 1948. Career in Business and Government
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. Serving in the Senate (1971–93), Bentsen was a stalwart defender of Texas business interests such as the oil and gas industry and of international trade. From 1987 to 1993 he was chairman of the Senate finance committee. In the 1988 presidential election, the Democratic ticket of Michael DukakisDukakis, Michael Stanley
, 1933–, American political leader, b. Brookline, Mass. He was a Democratic member of the Massachusetts house of representatives (1963–70) and was twice elected governor of Massachusetts (1975–79; 1983–91).
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 and Bentsen was defeated by George H. W. Bush and Dan QuayleQuayle, Dan
(James Danforth Quayle), 1947–, Vice President of the United States (1989–93), b. Indianapolis. He graduated from DePauw Univ. (1969) and served in the Indiana National Guard (1969–75).
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. As secretary of the treasury under President Bill ClintonClinton, Bill
(William Jefferson Clinton), 1946–, 42d President of the United States (1993–2001), b. Hope, Ark. His father died before he was born, and he was originally named William Jefferson Blythe 4th, but after his mother remarried, he assumed the surname of his
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, Bentsen helped shepherd through Congress the 1993 deficit-reduction bill, the North American Free Trade AgreementNorth American Free Trade Agreement
(NAFTA), accord establishing a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994.
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, and the accord establishing the World Trade OrganizationWorld Trade Organization
(WTO), international organization established in 1995 as a result of the final round of the General Agreement on Tariffs and Trade (GATT) negotiations, called the Uruguay Round.
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.
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