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The Senate Banking Committee has advanced Michelle Bowman's nomination for @federalreserve Vice Chair for Supervision. “The vice chair for supervision position was created in response to the devastating 2008 crash because the Fed for years failed miserably to properly regulate
The Senate Banking Committee has advanced Michelle Bowman's nomination for @federalreserve Vice Chair of Supervision. “The vice chair for supervision position was created in response to the devastating 2008 crash because the Fed for years failed miserably to properly regulate
The U.S. Senate Banking Committee endorsed President Donald Trump's selection of Federal Reserve Gov. Michelle Bowman to be the top bank regulatory official at the central bank, advancing her as part of his latest slate of financial nominees. https://t.co/lRjKpVpPLY https://t.co/MI92wcj3g8
The U.S. Senate Banking Committee voted 13-11 to advance the nomination of Michelle Bowman to serve as the Federal Reserve's Vice Chair for Supervision. This position, created in response to the 2008 financial crisis, is responsible for overseeing bank regulation at the central bank. Bowman's nomination, part of President Donald Trump's slate of financial nominees, will now proceed to the full Senate for confirmation. The committee's endorsement highlights the importance of strengthening regulatory oversight to prevent failures similar to those that contributed to the 2008 crash. Additionally, the committee has advanced six other nominees for key positions in the Department of Housing and Urban Development, Federal Reserve, Treasury, and Commerce, aiming to bolster the U.S. economy and maintain the country's global leadership.
