March 06, 2025

Banking Committee Advances Key Economic, Financial Regulator Nominees

Washington, D.C. – Today, the Senate Banking Committee voted to advance the nominations of Stephen Miran to be Chairman of the Council of Economic Advisers, Jeffrey Kessler to be Under Secretary of Commerce for Industry and Security, William Pulte to be Director of the Federal Housing Finance Agency, and Jonathan McKernan to be Director of the Bureau of Consumer Financial Protection.

Chairman Scott’s remarks, as submitted for the record: 

As we gather here today, we stand at a pivotal moment for our nation’s economic future.

The decisions we make in this chamber will shape the trajectory of our Golden Age of Prosperity for years to come.

It’s with this understanding that I urge everyone in this room to vote in favor of advancing Stephen Miran, Jeffrey Kessler, Bill Pulte, and Jonathan McKernan’s nominations to the Senate Floor.

As Chair to the Council of Economic Advisers, Dr. Miran will be instrumental in advising President Trump as he enacts policies that will foster economic growth.

As the Under Secretary of Commerce for Industry and Security, Jeffrey Kessler will be pivotal in countering the Chinese Communist Party and ensuring American leadership in vital technologies.

At a time when housing has become unaffordable, Bill Pulte’s leadership of the Federal Housing Finance Agency will be crucial in protecting our housing finance system.

And finally, as the Director of the Bureau of Consumer Financial Protection, Jonathan McKernan will ensure accountability and much needed reforms to curtail the weaponization of this rogue agency.

These nominees represent a path forward – a path toward economic resurgence, job creation, and renewed prosperity for every American family.

Their confirmation is not just a formality; it’s a commitment to putting our nation back on track after years of uncertainty and stagnation.

By confirming these qualified nominees, we are sending a clear message: the blue-collar comeback has begun.

Together, let’s build a future where every American can thrive. Thank you.

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