Chairman Tim Scott Leads a Banking Committee Executive Session

U.S. Senate Banking Committee GOP · July 24, 2026

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Opening and introduction of nominees

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Chair opened the executive session, introduced and praised nominees Dr. Christopher Phelan and Mr. John Crews and asked colleagues to consider their qualifications and move them forward to the full Senate. The chair framed the nominations as supporting the administration's agenda to reduce costs and restore accountability.

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An executive session of the Senate committee considered two nominations — Christopher Phelan for Chair of the Council of Economic Advisers and John Crews for the National Credit Union Administration board — voted to report both favorably to the full Senate after a contested roll call; Senator Warren moved to delay for further FBI background review and a point of order was raised about proxy voting and presence requirements.

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