The U.S. Senate Committee on Banking, Housing and Urban Affairs held a nominations hearing to consider Trump administration picks to lead key housing finance, banking and currency institutions. The nominees are Joseph Gormley to be President of the Government National Mortgage Association, Francis Cassidy to be an Assistant Secretary at the Department of Housing and Urban Development, Paul Hollis to be Director of the U.S. Mint, and Travis Hill to be Chairperson of the Federal Deposit Insurance Corporation’s Board. In opening remarks, Chairman Tim Scott framed the nominations around operational priorities for each agency, including housing finance stability and access to affordable housing while protecting taxpayers, and safeguarding the FDIC’s Deposit Insurance Fund. He also flagged interest in regulatory reform topics for the FDIC, including treatment of reputational risk and refocusing bank examinations on safety and soundness, and described the Mint leadership role as central to confidence in U.S. currency. Scott said he looked forward to the nominees’ testimony and to working with colleagues to move the nominations forward.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-10-30
U.S. Senate Committee on Banking, Housing and Urban Affairs holds hearing on nominees for Ginnie Mae, HUD, the FDIC and the U.S. Mint
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a nominations hearing for key positions in housing finance, banking, and currency institutions, including the Government National Mortgage Association and the Federal Deposit Insurance Corporation. Chairman Tim Scott emphasized priorities such as housing finance stability, affordable housing access, and regulatory reforms for the FDIC.