December 07, 2021

Brown Statement on OCC Confirmation Process

Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement on the confirmation process of Dr. Saule Omarova, nominee to lead the Office of the Comptroller of the Currency (OCC): 

“I again applaud the Biden Administration for the historic selection of Professor Saule Omarova to lead the OCC. Dr. Omarova is one of the most qualified nominees ever for this job because of her experience as a policymaker, in the private sector, and in academia. 

“Despite her unquestioned expertise and her bipartisan record, powerful interests distorted Professor Omarova’s views and writings. In a relentless smear campaign reminiscent of red scare McCarthyism, they have shamefully attacked her family, her heritage, and her commitment to American ideals. I am disappointed that these spurious attacks and misrepresentations of Professor Omarova’s views were not resoundingly rejected in a bipartisan manner.

“One thing is clear: we need regulators at the OCC and beyond who are not in the pockets of Wall Street – public servants who will ensure the economy works for everyone, and who will protect our economic recovery from the risky activities of Wall Street and unregulated tech companies. I will continue to work with the Biden Administration to fill these posts that are critical to our economy.”