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Biden Picks Ex-Brown Senate Aide for Bank Policy Job at Treasury

  • Graham Steele to be nominated for financial institutions role
  • Confirmation required for assistant Treasury secretary post
The U.S. Treasury Department building in Washington, D.C.
Photographer: Stefani Reynolds/Bloomberg
Updated on

President Joe Biden picked Capitol Hill veteran Graham Steele for a key Treasury Department post that helps coordinate legislation and regulations affecting the U.S. financial sector.

The White House announced Biden’s intent to nominate Steele as assistant secretary for financial institutions in a Monday statement, setting him up as the administration’s point person on policies for Wall Street banks and mortgage giants Fannie Mae and Freddie Mac.