The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on President Donald Trump’s nominations of David Slade and Michael Rigas for the Export-Import Bank, Matthew Jones to lead the Federal Housing Administration and Office of Housing, and Jeremy Wiggins for the Treasury Department. Chairman Tim Scott framed the nominations around U.S. competitiveness, housing affordability and the effects of international trade and investment on jobs and supply chains. Scott emphasized that the Export-Import Bank needs a functioning board with a quorum to approve major transactions and help U.S. companies compete against businesses backed by foreign governments, particularly China. He also called for effective implementation of the 21st Century ROAD to Housing Act and highlighted the Federal Housing Administration’s role in mortgage access and taxpayer protection. For the Treasury role, he focused on international trade, investment and infrastructure policy, including their implications for energy security and supply chains.
U.S. Senate Committee on Banking, Housing and Urban Affairs examines nominees for Export-Import Bank, housing and Treasury roles
The U.S. Senate banking committee examined four nominees for roles at the Export-Import Bank, the Federal Housing Administration and Office of Housing, and the Treasury Department. Chairman Tim Scott emphasized maintaining an Export-Import Bank board quorum, addressing housing affordability and advancing U.S. trade, investment and supply chain interests.