FEDERALhearing transcript

Senate Hearing on Federal Agency Nominations (June 2019)

Original title: NOMINATIONS OF THOMAS PETER FEDDO, NAZAK NIKAKHTAR, IAN PAUL STEFF, MICHELLE BOWMAN, PAUL SHMOTOLOKHA, AND ALLISON HERREN LEE

January 1, 2019

federal nominations banking commerce securities federal reserve export-import bank

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The Frame

What this does

The confirmation of these nominees determines the leadership and policy direction of major federal agencies responsible for regulating the U.S. economy, international trade, and financial markets.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Nominees

The individuals are undergoing the confirmation process required to assume their respective federal offices.

Federal Agencies

These agencies will receive new leadership in key policy and regulatory roles upon confirmation.

What changed

Last recorded activity January 1, 2019.

What's next

Next step not available in the current record.

Summary

This document is a transcript of a Senate Banking Committee hearing held on June 5, 2019, to review the qualifications of six individuals nominated for key positions in federal financial and commerce agencies. The committee heard testimony and reviewed written responses from nominees for roles at the Treasury, Commerce Department, Federal Reserve, Export-Import Bank, and the SEC.

Key Facts

The Senate Committee on Banking, Housing, and Urban Affairs held a hearing on June 5, 2019, to consider six executive branch nominations.
Thomas Peter Feddo was nominated for Assistant Secretary, Treasury for Investment Security.
Nazak Nikakhtar was nominated for Under Secretary, Commerce for Industry and Security.
Ian Paul Steff was nominated for Assistant Secretary of Commerce and Director General, United States and Foreign Commercial Service.
Michelle Bowman was nominated for a seat on the Board of Governors of the Federal Reserve System.
Paul Shmotolokha was nominated for First Vice President of the Export-Import Bank of the United States.
Allison Herren Lee was nominated for a seat on the Securities and Exchange Commission (SEC).
The document includes biographical sketches and written responses to follow-up questions from various Senators for each nominee.

Frequently Asked Questions

What is the purpose of this hearing?

The hearing allowed the Senate Banking Committee to vet nominees for high-level positions in federal agencies before a full Senate vote.

Which agencies are affected by these nominations?

The Treasury Department, Department of Commerce, Federal Reserve, Export-Import Bank, and the Securities and Exchange Commission.

Why It Matters

The confirmation of these nominees determines the leadership and policy direction of major federal agencies responsible for regulating the U.S. economy, international trade, and financial markets.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Broad Agency Leadership Turnover

The hearing covers a wide range of economic and regulatory agencies simultaneously, indicating a significant effort to fill multiple vacancies across the federal financial sector at once.

Treasury Commerce Federal Reserve Export-Import Bank SEC

Connected Entities

personNazak Nikakhtar“Nominee for Under Secretary, Commerce for Industry and Security”Map →

personPaul Shmotolokha“Nominee for First Vice President, Export-Import Bank of the United States”Map →

personAllison Herren Lee“Nominee for Member, Securities and Exchange Commission”Map →

personThomas Peter Feddo“Nominee for Assistant Secretary, Treasury for Investment Security”Map →

personMike Crapo“Chairman of the Senate Committee on Banking, Housing, and Urban Affairs”Map →

personMichelle Bowman“Nominee for Member, Board of Governors of the Federal Reserve System”Map →

personIan Paul Steff“Nominee for Assistant Secretary of Commerce and Director General, U.S. and Forei”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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