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Thursday, January 26, 2017|
Dow 20K, and SEC Chair 2/6?
Jay Clayton could have his day (or days) on Capitol Hill early next month, and some key Republican Senators sound like they're already Clayton fans.
Democrats won't be able to stop Clayton's appointment without help from Republicans, Reuters notes. And so far Republicans seem to be warming to him.
Yesterday morning, as fundsters and the rest of Wall Street prepared to celebrate Dow 20,000, U.S. Senator Mike Crapo (R-Idaho), Chairman of the Senate Banking Committee, tweeted that he met with Clayton yesterday. Crapo praised Clayton as "an impressive nominee for SEC chair."
Senators Richard Shelby (R-Alabama), Tom Cotton (R-Arkansas), and Patrick Toomey (R-Pennsylvania), all members of Crapo's committee, met with Clayton last week, Reuters reports. And on Tuesday this week, on the same day he met with Crapo himself, Clatyon also met with Senator David Perdue (R-Georgia), the wire service notes.
"Jay knows capital formation. He wants to create a level playing field and make things fair efficient," Perdue reportedly said. "I full support his nomination."
Senators Sherrod Brown and Elizabeth Warren, both Democrats on the committee, have both reportedly "expressed reservations about Clayton" thanks to the nominee's Wall Street ties. (For instance, Clayton has represented Goldman Sachs. His wife also works there, though unnamed sources tell Reuters that Clayton and his wife's plan is for her to step down from Goldman if he gets confirmed as SEC Chair.)
Printed from: MFWire.com/story.asp?s=55598
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