United States House Committee on Financial Services (also referred to as the House Banking Committee)
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He served as chairman of the Committee on Banking, Finance, and Urban Affairs (Ninety-seventh through One Hundredth Congresses); the Garn–St. Germain Depository Institutions Act of 1982 is named after him.
After the 1956 elections (in which Talle prevailed over Democrat Leonard Wolf but received only 52.3 percent of the vote), he was the ranking Republican on the House Banking and Currency Committee.
In a hearing of the United States House Committee on Financial Services on January 13, 2009, Rep. Alan Grayson (D-Fl) pressed Federal Reserve Vice Chairman Donald Kohn about releasing the details of exactly which firms have received funds from the Federal Reserve and specifically how much.
Among the Congressional supporters of the Act were Rep. Jim Leach R-IA, a former chairman of the House Banking Committee and Rep. Robert Goodlatte R-VA, who co-authored H.R. 4411 (the Internet Gambling Prohibition and Enforcement Act).