SEC Nominees Blocked by Democrats
Four Senate Banking Committee Democrats have blocked the nominations of Lisa Fairfax and Hester Peirce to the Securities and Exchange Commission (“SEC”). During an April 7th voice vote, Sens. Robert Menendez, Jeff Merkley, Charles Schumer and Elizabeth Warren expressed their dissatisfaction over the nominees’ answers on a political spending disclosure rule they want passed. Senator Warren also remarked that Peirce’s nomination is risky because of her disapproval of the Dodd-Frank Act reforms. The SEC had no comment regarding the vote.
More on the SEC nomination vote is available on the U.S. News website.