Senate confirms SEC chief Gensler to full five-year term
The Senate on Tuesday voted to approve Securities and Exchange Commission (SEC) Chairman Gary GenslerGary GenslerThis week: Democrats move on DC statehood New SEC chair Gary Gensler sworn into office The Hill’s Morning Report – Presented by Tax March – CDC in limbo on J&J vax verdict; Rep. Brady retiring MORE for a full five-year term after confirming him to the Wall Street watchdog last week.
Senators voted 54 to 45 for Gensler to serve as a commissioner and chairman of the SEC through June 5, 2026. The Senate last week confirmed Gensler to serve the remaining two months of former SEC Chairman Jay Clayton’s term by a nearly identical margin.
Sens. Chuck GrassleyChuck GrassleySenate aims to pass anti-Asian hate crimes bill this week ‘Real Housewives of the GOP’ — Wannabe reality show narcissists commandeer the party This week: Democrats move on DC statehood MORE (Iowa), Cynthia LummisCynthia Marie Lummis15 Senate Republicans pledge to oppose lifting earmark ban On The Money: Senate confirms Gensler to lead SEC | Senate GOP to face off over earmarks next week | Top Republican on House tax panel to retire Senate confirms Gensler to lead SEC MORE (Wyo.) Susan CollinsSusan Margaret CollinsSenate aims to pass anti-Asian hate crimes bill this week This week: Democrats move on DC statehood Trump looms over Senate’s anti-Asian hate crimes battle MORE (Maine), and Mike RoundsMike RoundsCongress looks to rein in Biden’s war powers Columbine and the era of the mass shooter, two decades on GOP senator tweets statue of himself holding gun to Biden: ‘Come and take it’ MORE (S.D.) were the only Republicans to vote for Gensler’s confirmation, and Sen. Richard BurrRichard Mauze BurrA proposal to tackle congressional inside trading: Invest in the US Former Gov. Pat McCrory enters GOP Senate race in North Carolina Lara Trump leads GOP field in North Carolina Senate race, poll shows MORE (N.C.) voted present.
All 50 members of the Senate Democratic caucus, including independent Sens. Bernie SandersBernie SandersOvernight Energy: Treasury creates hub to fight climate change through finance | Sanders, Ocasio-Cortez introduce ‘Green New Deal for Public Housing’ | Don’t attack Zoom for its Bernie Sanders federal tax bill Sanders, Ocasio-Cortez introduce ‘Green New Deal for Public Housing’ MORE (Vt.) and Angus KingAngus KingManchin throws support behind union-backed PRO Act The Hill’s 12:30 Report – Presented by Facebook – All US adults now eligible for COVID vaccines Biden to hold second meeting with bipartisan lawmakers on infrastructure MORE (Maine), voted for Gensler.
Gensler, who was sworn in to the SEC on Sunday, was a professor at the MIT Sloan School of Management before joining the commission. He was also the chairman of the Commodity Futures Trading Commission (CFTC) during the Obama administration, a Treasury Department undersecretary during the Clinton administration and a partner at Goldman Sachs for almost two decades.
The SEC is currently split between three Democratic and two Republican commissioners. It is banned under law from having more than three commissioners from the same political party.
Democratic Commissioners Allison Herren Lee and Caroline Crenshaw and Republican Commissioners Hester Peirce and Elad Roisman were all appointed by former President TrumpDonald TrumpHouse votes to condemn Chinese government over Hong Kong Former Vice President Walter Mondale dies at age 93 White House readies for Chauvin verdict MORE.