The Senate Committee on Banking, Housing, and Urban Affairs considered key nominations at the FDIC, FRB and FSOC.
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The Senate Banking Committee voted to advance the nominations of Joseph Otting to serve as Comptroller of the Currency, and Randal Quarles for Vice Chair of the Board of Governors of the Federal Reserve System.
In a 54-40 vote, the U.S. Senate confirmed Lael Brainard to a four-year term as Vice Chair of the Board of Governors of the Federal Reserve System.
The U.S. Senate Committee on Banking, Housing, and Urban Affairs approved the renomination of Commissioner Hester M. Peirce to the SEC and the nominations of Caroline A. Crenshaw to the SEC and Kyle Hauptman to the National Credit Union Administration Board.