Senate Confirms Jay Clayton to Head SEC
Yesterday, the Senate confirmed Jay Clayton to lead the Securities and Exchange Commission. The vote was 61-37 with ten Democrats joining 51 Republicans in backing the nominee.
“His extensive work in the private sector will serve him well as he looks to strengthen our financial markets, thereby supporting American businesses, boosting job creation, and spurring economic growth,” said Majority Leader Mitch McConnell, R-Ky.
Clayton could be officially sworn in as SEC chairman as soon as Thursday.
The White House still must complete some paperwork, including an action by President Trump to formally designate him as SEC chairman.