November 14, 2022

Brown Applauds Marty Gruenberg's Nomination For FDIC Chair

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after President Biden announced the nomination of the Honorable Martin J. Gruenberg to be Chair of the Federal Deposit Insurance Corporation (FDIC). Gruenberg has served as Acting Chair of the FDIC since February.

“I applaud President Biden’s nomination of Marty Gruenberg to be Chair of the FDIC. Marty has years of experience shepherding the agency through difficult economic times, working with board members of both parties, and taking actions that protect consumers and strengthen the banking system,” said Brown. “With experienced leadership at the helm, the FDIC can continue to address risks to our financial system, increase access to affordable financial services to consumers, and ensure that banks honor their commitment to communities across the country through the Community Reinvestment Act. I look forward to moving his nomination as swiftly as possible.”