Yesterday, the Senate Banking Committee advanced Gary Gensler’s nomination for SEC Chair on a 14 to 10 vote (with 12 Democrats and two Republicans in favor) to the full Senate. The action follows a confirmation hearing last week, which we previously reported on here. Watch the recording of yesterday’s live hearing here.
See this supporting statement from Senate Banking Chair Sen. Sherrod Brown (D-OH), this statement in opposition from Ranking Member Pat Toomey (R-PA), and these articles: “Senate panel advances Biden's picks to lead SEC, consumer bureau” (The Hill), “Split Senate Committee Advances Gensler’s SEC Nomination” (PlanAdviser), “Gary Gensler, Biden’s Pick to Head SEC, Approved by Senate Committee” (WSJ), and “Senate committee votes in favor of Biden pick to lead SEC, split on CFPB nominee” (Reuters).