Corporate Governance

The SEC Nominees and the Senate Confirmation Process

By J. Robert Brown

Yesterday, the Senate Banking Committee voted to confirm the three nominees to the SEC, Republican Troy Paredes and Democrats Elisse Walter and Luis Aguilar.  Full confirmation by the Senate is the last step.  No vote is currently scheduled.

Ordinarily it might be expected that Senate confirmation would be a foregone conclusion.  The Democrats in the Senate, however, are apparently moving slowly with respect to vacancies on the Board of Governors of the Federal Reserve Board.  It remains to be seen whether this logjam will cause Republicans in the Senate to seek delay on the confirmation of the three nominees to the SEC.

Full post as published by The Race to the Bottom on June 26, 2008 (boomark / email).