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Senate Panel to Question SEC Nominees Stein, Piwowar June 27

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June 20 (Bloomberg) -- Two U.S. Senate aides nominated to join the Securities and Exchange Commission will get a confirmation hearing before the Senate Banking Committee on June 27, according to a Senate announcement today.

Michael S. Piwowar and Kara M. Stein will face questions posed by their current and former bosses on the committee. Piwowar, a Republican, is the chief economist for the committee’s Republican members. Stein worked for the committee under Senator Jack Reed, a Rhode Island Democrat who previously led a securities subcommittee.

A vote on their nominations will be held at a subsequent hearing, the banking committee said in a news release. Full Senate approval could come as early as July.

President Barack Obama nominated Piwowar and Stein to join the commission on May 23. Stein would replace Democrat Elisse B. Walter, whose term has expired. Piwowar would succeed Republican Troy A. Paredes, who will leave the commission after serving one five-year term.

To contact the reporter on this story: Dave Michaels in Washington at dmichaels5@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net

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