By Jon Hill (Oct 5, 2021, 5:33 p.m. EDT) – The Senate Banking Committee on Tuesday approved President Joe Biden’s candidates for senior positions in the US Treasury and Commerce Department, but found itself in a deadlocked on others, including the Consumer Head of the Bureau of Financial Protection, candidate for an executive position in the US Department of Housing and Urban Development.
Senators voted 17-7 to advance the appointment of the committee’s former Democratic chief counsel, Graham Steele, as assistant secretary of the treasury for financial institutions. The post would give him a leading role in shaping the Biden administration’s policies on cryptocurrency, climate-related financial risks, and oversight of big banks.
Also received committee approval …
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