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Yellen nomination advances in Senate


The Senate Finance Committee unanimously approved the nomination of Janet Yellen for Treasury secretary. The committee vote sends Yellen's nomination to the full Senate for a final confirmation vote, which is scheduled for tonight.

January 25, 2021 / By ICBA

The Senate Finance Committee unanimously approved the nomination of Janet Yellen for Treasury secretary. The committee vote sends Yellen's nomination to the full Senate for a final confirmation vote, which is scheduled for tonight.

If confirmed, Yellen will take over from Acting Treasury Secretary Andy Baukol, previously a Treasury official focused on international monetary policy.

Other key agency heads operating in an acting capacity are Consumer Financial Protection Bureau Chief Strategy Officer David Uejio as acting CFPB director and SBA chief financial officer Tami Perriello as acting SBA administrator.

President Joe Biden has nominated Federal Trade Commission Commissioner Rohit Chopra for CFPB director and California Office of the Small Business Advocate Director Isabel Guzman for SBA administrator.

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