Within hours of Trump announcing his nomination for a new SEC commissioner, the U.S. Senate Banking Committee quickly scheduled a hearing for November 19. Republicans hope to complete the confirmation of this high-priority nomination before the end of the congressional session (mid-December), as the party is set to lose its Senate majority.
The SEC nominees are current Commissioner Mark Uyeda, former U.S. Commodity Futures Trading Commission Commissioner Kristin Johnson (a Democrat), and former Deputy Chief of Staff at the Department of Labor Steven Levine. The White House has also nominated Republican staffer Nathan Anonick and Democrat Matthew Rowland to the Commodity Futures Trading Commission. Traditionally, regulatory agency nominations involve one nominee from each party to expedite the confirmation process, and the nominees happen to fill the vacancies with the shortest remaining terms.
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