WASHINGTON, June 6- The Senate Banking Committee voted 20-2 on Thursday to back Fred Hochberg for a second term as president of the U.S. Export-Import Bank, which provides financial assistance to support U.S. exports.
WASHINGTON, June 6- The Senate Banking Committee on Thursday voted 20-2 in favor of the nomination of Fred Hochberg to serve a second term as president of the U.S. Export-Import Bank, which provides financial assistance to support U.S. exports.
Obama's decision to nominate them roughly one month after SEC Chairwoman Mary Jo White was sworn in signals the administration is anxious to ensure the agency will have a full, five-member commission to complete its busy rulemaking agenda. The SEC is trying to complete rules required by the 2010 Dodd-Frank Wall Street reform law.
WASHINGTON, May 23- President Barack Obama nominated two U.S. Senate aides on Thursday to serve as members of the Securities and Exchange Commission, the White House said in a statement. Kara Stein, who works for Democratic Senator Jack Reed of Rhode Island, would replace Democrat Elisse Walter.
WASHINGTON, May 7- The Senate Banking Committee chairman warned Tuesday the U.S. Export-Import Bank could be forced to stop operations in two months unless the Senate quickly approves the nomination of Fred Hochberg to lead the government-run bank for another four years.
President Barack Obama on Wednesday nominated a veteran Democratic congressman to oversee mortgage financiers Fannie Mae and Freddie Mac, a choice that could set up a contentious political debate over housing policy.
WASHINGTON, April 8- The U.S. Senate on Monday confirmed former federal prosecutor Mary Jo White as the new head of the U.S. Securities and Exchange Commission, the agency tasked with policing Wall Street and writing new rules of the road for financial markets.
President Barack Obama has asked Fred P. Hochberg, president of the U.S. Export-Import Bank, to remain in his post, the White House said on Thursday. Senate Banking Committee Chairman Tim Johnson whose panel has oversight of the Export Import Bank, welcomed the renomination.
WASHINGTON, March 19- A U.S. Senate panel voted to move forward two of President Barack Obama's choices to lead financial regulatory agencies, but his pick of Richard Cordray to lead the new consumer bureau likely still faces a tough path to final confirmation.
WASHINGTON, March 12- Mary Jo White, President Barack Obama's choice to lead the U.S. Securities and Exchange Commission, told lawmakers that her past legal work for Wall Street clients would not prevent her from being a tough financial watchdog.
New rules are being weighed that will hold individuals specifically liable, and older rules- rarely used to take action against executives- will also be explored, top officials from the Office of the Comptroller of Currency and the Treasury Department's illicit finance unit told lawmakers on Thursday.
Comptroller of the Currency Thomas Curry told a Senate panel that his agency was exploring regulatory changes to "enhance our ability to take removal and prohibition actions against bank officers, directors and employees" that violate the Bank Secrecy Act.
* "Hard" cap was part of farm bill that died at end of 2012. WASHINGTON, Feb 12- U.S. farmers would be limited to $125,000 a year in crop subsidies in a significant tightening of farm support rules proposed by four senators from farm and ranch states on Tuesday.
WASHINGTON, Feb 1- U.S. Senate Republicans on Friday pledged to block President Barack Obama's choice to lead the consumer finance watchdog until Democrats agree to restructure it, ramping up an expected fight this year over the controversial new bureau.
WASHINGTON, Dec 30- The U.S. Senate on Sunday confirmed the head of the Federal Housing Administration in her position despite mounting losses the mortgage funding agency that some fear could eventually lead to a taxpayer bailout. In a 69-24 vote, the Senate confirmed Carol Galante as an assistant secretary of the Department of Housing and Urban Development.