Toomey Praises Nomination of Jonathan McKernan for FDIC
Congratulates Travis Hill on Nomination as Vice Chair
Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) released the following statement after President Biden announced his intent to nominate Jonathan McKernan as a Member of the Board of Directors and Travis Hill as a Member and Vice Chair of the Board of Directors at the Federal Deposit Insurance Corporation (FDIC).
“Jonathan is highly qualified to serve as a Member of the Board of Directors at the FDIC. Between his time practicing law, his public service at FHFA, and his work in the U.S. Senate for Senator Bob Corker and the Senate Banking Committee, Jonathan’s expertise of the legal and regulatory landscape is unparalleled. Having worked with Jonathan personally, I’m confident that the agency will count both his thoughtful approach and his depth of knowledge as great assets.”
“I also congratulate Travis Hill on his nomination to serve as Vice Chair at the FDIC. Mr. Hill played a critical role at the agency during Chairman Jelena McWilliams’ tenure, and was counted as a trusted advisor among many of his colleagues. Based on his prior service and his expertise, I am confident that Mr. Hill will faithfully carry out the FDIC’s mission of maintaining stability and public confidence in the nation’s financial system.”
Jonathan McKernan, Nominee for Member of the Board of Directors, Federal Deposit Insurance Corporation
Jonathan McKernan is a senior counsel at the Federal Housing Finance Agency (FHFA). He is currently on detail from FHFA to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where he is counsel on the Committee’s Minority Staff. He also previously served as a senior policy advisor at the U.S. Department of the Treasury and to Senator Bob Corker (R-TN). Before entering public service, McKernan was a banking lawyer at Wilmer Cutler Pickering Hale and Dorr LLP and Hogan Lovells US LLP. McKernan received a law degree with high honors from the Duke University School of Law and undergraduate and graduate degrees in economics from the University of Tennessee, where he graduated summa cum laude.
Travis Hill, Nominee for Member and Vice Chair of the Board of Directors, Federal Deposit Insurance Corporation
Travis Hill worked at the Federal Deposit Insurance Corporation from 2018 to 2022, serving as Senior Advisor to the Chairman and Deputy to the Chairman for Policy. Previously, he served as Senior Counsel at the United State Senate Committee on Banking, Housing, and Urban Affairs, where he worked from 2013 to 2018. He received a Bachelor of Science from Duke University, where he studied economics and political science, and a Juris Doctor from Georgetown University Law Center. He lives in Bethesda, Maryland, with his wife and two children.
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