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Chair opens hearing to introduce four administration nominees for finance and transit posts

Senate Committee on Banking, Housing, and Urban Affairs · April 3, 2025
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Summary

The Chair of the Senate Committee on Banking, Housing, and Urban Affairs introduced four presidential nominees — Paul Atkins, "Jonathan G," Luke Petett and Marcus Mal Naro — saying they will strengthen markets, banking oversight and transit administration. The provided transcript records only the introductions; no votes or formal confirmation actions appear.

The Chair of the Senate Committee on Banking, Housing, and Urban Affairs opened the session by saying the panel "has the opportunity to confirm four remarkable individuals who have the experienced leadership and commitment needed to restore economic growth and financial stability and to keep the trains running on time," framing the meeting as a nomination presentation.

The Chair said Paul Atkins, described in the transcript as a former Securities and Exchange Commission commissioner, "will promote Capital formation and provide much needed Clarity for digital assets under his leadership," and that "the SEC will return to his core Mission and will ensure our markets Remain the Envy of the world." The transcript does not record a direct response from Atkins or a formal vote on the nomination.

The Chair introduced a nominee transcribed as "Jonathan G" for Comptroller of the Currency, saying he "brings firsthand experience to the OCC" and asserting he "will put an end to the politically motivated debank and ensure financial institutions serve all creditworthy Americans." The transcript supplies this characterization of the nominee but does not include supporting documentation or a recorded vote.

The Chair named Luke Petett as nominee for Assistant Secretary of the Treasury for Financial Institutions, praising his "experience and bipartisan approach needed to address economic challenges and Advance Common Sense reforms." The transcript does not include additional biographical detail beyond what the Chair stated.

The Chair also introduced Marcus Mal Naro as nominee for Federal Transit Administrator, saying he "brings extensive experience from his time in Congress and serving on the house transportation and infrastructure committee as well as a long career in local government," and described those credentials as qualifying him for the role. No questions, seconding motions, or recorded votes for these nominations appear in the supplied transcript.

The Chair framed the nominees as part of the committee's broader agenda, linking confirmations to work on affordable housing, access to capital and the strength of financial institutions and saying that confirming the nominees would "Empower families, strengthen our economy and advance President Trump’s golden age of prosperity." The hearing text provided ends after these introductory remarks; the record supplied does not show committee discussion, hearings with the nominees present, or final confirmation votes.