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FEDERALhearing transcript

Senate Hearing on Federal Banking and Housing Nominations

Original title: NOMINATIONS OF MARTIN GRUENBERG, TRAVIS HILL, JONATHAN MCKERNAN, AND KIMBERLY ANN MCCLAIN

January 1, 2023

federal appointmentsbanking regulationhousing policyFDICHUD

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The Frame

What this does

This hearing is a formal step in the confirmation process for officials who will oversee national bank stability, deposit insurance, and federal housing programs.

Who is mentioned in the record

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

Martin Gruenberg

The nominee is undergoing the Senate confirmation process for a leadership role at the FDIC.

Travis Hill

The nominee is undergoing the Senate confirmation process for a leadership role at the FDIC.

Jonathan McKernan

The nominee is undergoing the Senate confirmation process for a leadership role at the FDIC.

Kimberly Ann McClain

The nominee is undergoing the Senate confirmation process for a leadership role at HUD.

What changed

Last recorded activity January 1, 2023.

What's next

Next step not available in the current record.

Summary

The Senate Committee on Banking, Housing, and Urban Affairs held a hearing on November 30, 2022, to consider the nominations of four individuals for key federal positions. The s are slated for leadership roles at the Federal Deposit Insurance Corporation (FDIC) and the Department of Housing and Urban Development (HUD).

Key Facts

  • The hearing took place on November 30, 2022, in the Dirksen Senate Office Building.
  • Martin Gruenberg was nominated for Member and Chairperson of the FDIC Board of Directors.
  • Travis Hill was nominated for Member and Vice Chairperson of the FDIC Board of Directors.
  • Jonathan McKernan was nominated for Member of the FDIC Board of Directors.
  • Kimberly Ann McClain was nominated for Assistant Secretary of Housing and Urban Development.
  • The committee received biographical sketches and written responses to questions from all four nominees.
  • The committee record includes a memorandum opinion from the FDIC.

Frequently Asked Questions

What is the purpose of this hearing?
The hearing is part of the U.S. Senate's constitutional duty to provide '' on presidential nominations for federal agency leadership.
What agencies are affected by these nominations?
The nominations concern the Federal Deposit Insurance Corporation (FDIC) and the Department of Housing and Urban Development (HUD).

Why It Matters

This hearing is a formal step in the confirmation process for officials who will oversee national bank stability, deposit insurance, and federal housing programs.

News Coverage

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Discoveries

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

cross reference100% confidence

Extensive Written Record

The hearing record includes a significant volume of written responses to questions from committee members, indicating a thorough vetting process.

Martin GruenbergTravis HillJonathan McKernanKimberly Ann McClain

Connected Entities

organizationFederal Deposit Insurance Corporation“Federal agency responsible for insuring bank deposits”Map →
personJonathan McKernan“Nominee for Member of the FDIC Board of Directors”Map →
personMartin Gruenberg“Nominee for Member and Chairperson of the FDIC Board of Directors”Map →
personPatrick J. Toomey“Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs”Map →
personSherrod Brown“Chairman of the Senate Committee on Banking, Housing, and Urban Affairs”Map →
organizationDepartment of Housing and Urban Development“Federal agency responsible for national housing policy”Map →
personKimberly Ann McClain“Nominee for Assistant Secretary of Housing and Urban Development”Map →
personTravis Hill“Nominee for Member and Vice Chairperson of the FDIC Board of Directors”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
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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