Palmetto State News

The Senate Banking Committee has moved forward with nominations for key economic and financial regulatory positions. Stephen Miran has been nominated to lead the Council of Economic Advisers, Jeffrey Kessler is up for Under Secretary of Commerce for Industry and Security, William Pulte has been chosen as Director of the Federal Housing Finance Agency, and Jonathan McKernan is set to become Director of the Bureau of Consumer Financial Protection.

Chairman Scott expressed strong support for these nominations in his submitted remarks. He emphasized the importance of these roles in shaping the nation's economic future and urged committee members to advance the nominations to the Senate floor.

Scott stated that Dr. Miran, as Chair of the Council of Economic Advisers, will play a crucial role in advising President Trump on policies aimed at fostering economic growth. Jeffrey Kessler's nomination was highlighted for its significance in maintaining American leadership against international competition, particularly from China.

In light of rising housing costs, Scott noted that Bill Pulte's leadership at the Federal Housing Finance Agency would be vital in safeguarding the housing finance system. Jonathan McKernan was described as essential for ensuring accountability within the Bureau of Consumer Financial Protection.

According to Chairman Scott, "These nominees represent a path forward – a path toward economic resurgence, job creation, and renewed prosperity for every American family." He concluded by urging confirmation as a step towards revitalizing America's economy.