November 19, 2025

Chairman Scott Leads Senate Banking Committee in Advancing Key Trump Administration Nominees

Washington, D.C. – Today, led by Chairman Tim Scott (R-S.C.), the Senate Banking Committee advanced several of President Trump’s nominees for key positions at the Department of Housing and Urban Development, Department of Treasury, and the Federal Deposit Insurance Corporation.

The following nominees now head to the Senate floor:

  1. Joseph Gormley, to be President, Government National Mortgage Association, Department of Housing and Urban Development
  2. Francis Cassidy, to be Assistant Secretary, Department of Housing and Urban Development
  3. Paul Hollis, to be Director of the Mint, Department of Treasury
  4. Travis Hill, to be Chairperson of the Board of Directors, Federal Deposit Insurance Corporation

Chairman Scott’s opening remarks as delivered:

Today, the Committee considers a slate of President Trump’s nominees whose leadership will be essential to maintaining the strength and stability of critical American institutions.

From housing finance to financial stability, these roles directly affect the lives of families, small businesses, and communities across our nation.

Ensuring that experienced leaders fill these positions is not just a procedural step – it is a matter of real consequence for the economy and communities across our country.

Safe and affordable housing is foundational to the American dream.

For families, it provides a path to wealth creation and a platform for upward mobility.

For communities, it anchors schools, businesses, and local economies.

Mr. Joseph Gormley and Mr. Frank Cassidy, nominated to lead Ginnie Mae and the Federal Housing Administration, will bring deep expertise to their respective agencies.

Their leadership will help ensure that housing finance remains accessible and sustainable and will expand opportunities for families who aspire to own their own home.

At the FDIC, Mr. Travis Hill will play an integral role in preserving the safety and soundness of our banking system.

Mr. Hill’s prior experience, including at the FDIC as well as a staff member on this Committee, makes him more than qualified for this important role managing the DIF, leading supervisory reforms, and eliminating the toxic workplace culture that existed under the prior FDIC leadership.

Similarly, Mr. Paul Hollis, as Director of the U.S. Mint, will oversee the production and integrity of our currency – an essential symbol of stability for Americans and economic systems around the world.

Together, these nominees embody the principle that public service should be about results, not politics.

As we work to get the government back up and running after the Democrat shutdown, it is even more important that these key agencies have confirmed leaders in place.

Families, lenders, businesses, and communities as well rely on timely decisions by Ginnie Mae, FHA, FDIC, and the Mint.

Advancing their nominations will allow them to begin delivering tangible benefits – supporting homeownership and protecting financial stability.

It’s time the federal government returned to delivering results for the American people.

I urge my colleagues to support moving these nominations to the full Senate.