Trump’s Bank Watchdog Pick to Get Senate Action, Crapo Says
- White House says it will nominate OCC’s Brooks for 5-year term
- Senate banking panel would hold confirmation hearing: Crapo
Senator Mike Crapo
Photographer: Sarah Silbiger/BloombergThis article is for subscribers only.
U.S. Senate Banking Committee Chairman Mike Crapo said he would seek to quickly schedule a confirmation hearing should President Donald Trump formally nominate a key Wall Street regulator to serve well into the Biden administration.
Crapo said in a Wednesday interview that the White House’s plan to nominate acting Comptroller of the Currency Brian Brooks to a new five-year term “should be given due consideration and I am glad to do that.” Crapo’s stance drew a quick rebuke from Senator Sherrod Brown, the banking panel’s top Democrat, who said Brooks “must be rejected immediately.”