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Birthdate: April 11, 1956
Birth Place: Pensacola, FL, United States
Residence: Narragansett, RI
Michael Riley was born on a U.S. Navy base in Pensacola, Fla., and currently resides in Narragansett, R.I. He received a bachelor's degree from the University of Connecticut in 1978.
Riley spent 16 years managing small institutional and retail derivatives and as an option specialist and independent trader. In 1995, Riley took over the company Letco Specialists.
In 2005, Riley founded the Coastal Management Group, a Rhode Island investment advisory firm. He also founded and is president of the Rhode Island Hedge Fund Association, a non-profit organization dedicated to educating the public about alternative investments.
Riley was appointed to the Town of Narragansett pension board in 2007 and was chairman of the charter review commission for the Town of Narragansett.
Riley and his wife, Kelly, have three children.
Michael Riley describes himself as a lifelong fiscal conservative and says the state of the economy prompted him to run for Rhode Island's 2nd Congressional District seat.
He thinks federal spending has gotten out of control and he favors a balanced budget. He says that to improve the economy and foster economic growth, unnecessary regulations must be removed.
He says education is becoming a massive failure in America and has called for school reform. He says all children should be able to understand basic finance by the time they graduate high school. He believes that parents and local communities need to be empowered to make school choice decisions that are best for their students.
Riley also is a proponent of charter schools. Charter schools, he says, promote new ideas and innovation and allow for competition.
Riley says the United States must demonstrate to Iran, Syria, and radical Islamists that it has a durable and strong relationship with Israel.
He acknowledges a public obligation to keep the nation's air and water clean and to responsibly manage its natural resources. But he said it should not be done at the cost of economic growth. He has called for increased energy drilling on land and offshore, saying there is no greater threat to America's national security than reliance on foreign sources of energy.
Riley says the nation's immigration system is broken and called on Congress to pass a comprehensive immigration bill, including concrete steps to make the borders more secure.
Source: Associated Press
113th Congress on Twitter
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