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JOHNSON STATEMENT ON COMMITTEE APPROVAL OF FED, FDIC, OFR, AND TARP NOMINEES

March 29, 2012

WASHINGTON – Senate Banking Committee Chairman Tim Johnson (D-SD) held a vote on five nominees today. All five nominations were approved by voice vote, and will be sent to the full Senate for approval.
 
“We need strong leadership in these posts to solidify our nation’s economic recovery and to help prevent another financial crisis,” said Johnson. “I believe that these nominees are well-qualified for the job and I am glad that we have moved them one step closer to confirmation.”
 
“I hope the Senate will move quickly to consider and confirm today’s nominees – they are qualified, they have the support of members in both parties, and there is no good reason to block their confirmation.”
 
The nominees approved were: Mr. Jerome Powell and Dr. Jeremy Stein, to be members of the Board of Governors of the Federal Reserve System; Mr. Jeremiah Norton, to be a member of the Board of Directors of the Federal Deposit Insurance Corporation; Dr. Richard Berner, to be Director of the Office of Financial Research; and Ms. Christy Romero, to be Special Inspector General for the Troubled Asset Relief Program.
 
 
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