Palmetto State News

Today, the U.S. Senate Banking, Housing, and Urban Affairs Committee, led by Chairman Tim Scott, voted to advance several key nominations. The nominated individuals include Paul Atkins for Chair of the Securities and Exchange Commission, Jonathan Gould for Comptroller of the Currency, Luke Pettit for Assistant Secretary of the Treasury, and Marcus Molinaro for Federal Transit Administrator.

Chairman Scott expressed optimism about the nominees, stating, "This committee has the opportunity to confirm four remarkable individuals who have the experience, leadership, and commitment needed to restore economic growth and financial stability, and to keep the trains running on time."

Scott highlighted Paul Atkins' previous experience as an SEC Commissioner, noting that he will "promote capital formation and provide much-needed clarity for digital assets." Similarly, Scott emphasized Jonathan Gould's experience for the role of Comptroller and his potential to end politically motivated debanking.

Furthermore, Scott praised Luke Pettit's bipartisan approach, describing it as "needed to address economic challenges and advance commonsense reforms.” For Marcus Molinaro, Scott cited his extensive background from his congressional service and local government roles, which he believes make Molinaro “uniquely qualified for this role."

Chairman Scott concluded by reiterating the importance of these nominations in addressing issues such as affordable housing, access to capital, and maintaining strong financial institutions, indicating that confirming these nominees would "empower families, strengthen our economy, and advance President Trump's Golden Age of Prosperity."