SEC Pick Jay Clayton’s Nomination Advanced by Senate Banking Committee
Yesterday, the Senate Banking Committee cleared the nomination of Jay Clayton, the Wall Street attorney chosen by President Trump to lead the Securities and Exchange Commission.
The Senate Banking Committee’s vote Tuesday was 15-8. Three Democrats voted in favor: Jon Tester of Montana, Mark Warner of Virginia, and Heidi Heitkamp of North Dakota.
The confirmation of Clayton to head the SEC now goes to the full Senate, where approval is expected.
During his testimony, Clayton said he aimed to review regulations to make it easier for companies to go public and offer shares to investors, a goal in line with Trump’s call to ease the burden of regulations on the private sector.
Sen. Mike Crapo (R-Idaho), the committee’s chairman, said Clayton’s “extensive expertise and experience in our financial markets will be a benefit to the [SEC] and the American people.”
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