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Senate Banking Committee chairman opens hearing to introduce six Trump administration nominees
Summary
The chairman of the Senate Committee on Banking, Housing, and Urban Affairs opened a hearing to introduce six administration nominees to senior roles at HUD, the Federal Reserve, Treasury and Commerce, calling the positions essential and urging colleagues to advance their confirmations so nominees can begin work.
The chairman of the Senate Committee on Banking, Housing, and Urban Affairs opened the hearing by recognizing the committee''s chief clerk, Cameron Ricker, for long bipartisan service and briefly asked him to stand before moving to the day''s business.
The chairman said the committee would consider a slate of nominees put forward by President Trump for leadership roles across the federal government and framed those posts as consequential for American families. "These roles are not ceremonial. They are not optional," he said, arguing the positions affect housing affordability, enforcement of illicit-finance laws, U.S. exports and bank supervision.
He introduced six nominees by title and briefly summarized their qualifications: Andrew Hughes for deputy secretary at the Department of Housing and Urban Development, and David Wolf as HUD's general counsel; Michelle Bowman as vice chair for supervision at the Federal Reserve; John Hurley for under secretary for terrorism and financial crimes at the Department of the Treasury; David Fogle for assistant secretary of commerce for global markets and director general of the U.S. and Foreign Commercial Service; and Landon Hyde for assistant secretary of commerce for export administration.
On HUD nominations, the chairman described Hughes as bringing "valuable operational experience" to improve HUD and said Wolf's "decades of legal and policy experience in housing" would position the department to expand opportunity for vulnerable Americans.
On financial oversight and national-security nominations, he said Governor Michelle Bowman "understands that financial regulators play an important role in our economy" and that when bank supervisors fail, "everyday Americans pay the price." He framed the Treasury role held up for John Hurley as central to fighting money laundering, terrorist financing and enforcing economic sanctions.
For commerce posts, he characterized David Fogle's international business background as a help for U.S. companies competing abroad and said Landon Hyde's experience would support U.S. export-control policy and technological competitiveness.
Throughout, the chairman urged the committee to move the nominees forward. "I encourage my colleagues to join me in advancing their confirmations so they can get to work on behalf of the American people," he said.
The hearing then proceeded from the chairman's opening into the formal questioning and testimony portions scheduled later in the agenda.
