The NYE Committee, officially referred to as the Special Committee on Investigation of the arms industry, was a us Senate committee (April 12, 1934 – February 24, 1936), chaired by U.S. Senator Gerald Nye (R-ND). The committee investigated the financial and banking interests that underlay the us‘ involvement in war I and also the operations and profits of the commercial and commercial firms supplying munitions to the Allies and to the United States. it had been a major consider public and political support for American neutrality within the early stages of warfare II.