The U.S. Senate confirmed Michelle 'Miki' Bowman as Vice Chair for Supervision at the Federal Reserve in a party-line 48-46 vote, succeeding Michael Barr, who stepped down in February. Bowman, age 53, has served as a Fed governor since 2018 and was previously Kansas Bank Commissioner. She will serve a four-year term as the central bank’s top banking regulator. Nominated by President Donald Trump, Bowman’s confirmation is expected to bring changes to the regulatory landscape. In her first public remarks, Bowman outlined plans to recalibrate the enhanced supplementary leverage ratio (eSLR), review capital requirements including the GSIB surcharge and Basel III standards, and increase transparency and predictability in stress testing, including a phase-in of the stress capital buffer. Bowman called for an independent regulatory framework for community banks, reconsideration of bank size thresholds such as the current $10 billion community bank cutoff, and a comprehensive review of supervisory guidance and horizontal reviews. She also announced upcoming conferences, including a July capital conference and a separate event on small bank issues. Additional priorities include addressing check fraud, reviewing the CAMELS framework for smaller banks, and ensuring that supervisory ratings accurately reflect banks' financial conditions. Bowman emphasized tailoring regulations to institutions’ size and risk, supporting innovation in areas like digital assets, and balancing regulatory requirements with economic growth.