March 15, 2016

Shelby Opening Remarks at Hearing on U.S. Mint, SEC Nominations

WASHINGTON, DC – Tuesday, March 15, 2016 – U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, today delivered the following opening statement during a full committee hearing on the nomination of Mr. Matthew Rhett Jeppson, of Florida, to be Director of the United States Mint; Ms. Lisa M. Fairfax, of Maryland, to be a Member of the Securities and Exchange Commission; and Ms. Hester Maria Peirce, of Ohio, to be a Member of the Securities and Exchange Commission.
The text of Chairman Shelby’s remarks, as prepared, is below.  
“This morning we will hear testimony on a nomination for the U.S. Mint and two nominations for the Securities and Exchange Commission. 
“This panel of nominees, if confirmed, will have important responsibilities for the manufacturing and distribution of our currency, as well as for overseeing our nation’s capital markets.
“The Committee will first hear from Mr. Matthew Rhett Jeppson, who is nominated to be Director of the United States Mint. 
“He has served as the Principal Deputy Director of the Mint since January 2015 and before that was the Acting Chief Operating Officer of the U.S. Small Business Administration. 
“If confirmed, Mr. Jeppson would be responsible for overseeing the manufacturing and distribution of currency, as well as collectible coins, national medals, and other precious metals.
“Mr. Jeppson, the Committee welcomes you.
“Both Ms. Fairfax and Ms. Peirce are nominated to be members of the Securities and Exchange Commission.
“Ms. Fairfax is the Leroy Sorenson Merrifield Research Professor of Law at the George Washington University Law School.
“Since 2009, she has served on the Executive Board and as the Director for programs for the George Washington Center for Law, Economics and Finance.
“She has previously served as a visiting professor at the Georgetown University Law Center as well as in various roles at the University of Maryland School of Law. 
“Ms. Fairfax has also previously worked at a Washington, D.C. law firm.  Ms. Fairfax is a graduate of Harvard College and Harvard Law School.
“Ms. Peirce is a senior research fellow at the Mercatus Center at George Mason University and the Director of the Mercatus Financial Markets Working Group. 
“Before joining Mercatus, Ms. Peirce served as a Senior Counsel for securities issues on this Committee’s staff, and prior to that, she served at the SEC as a staff attorney and as counsel to Commissioner Paul Atkins.
“Before that, she clerked for Judge Roger Andewelt on the Court of Federal Claims and was an associate at a Washington, D.C. law firm.
“Ms. Peirce earned her B.A. in economics from Case Western Reserve University and her J.D. from Yale Law School.
“As SEC Commissioners, Ms. Fairfax and Ms. Peirce would be responsible for helping the SEC fulfill its mission of protecting investors; maintaining fair, orderly, and efficient markets; and facilitating capital formation.
“The Committee welcomes you both and looks forward to the nominee’s testimony.”