Forum Applauds Senate Committee Approval of Governor Bowman for Vice Chair for Supervision

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Forum Applauds Senate Committee Approval of Governor Bowman for Vice Chair for Supervision

Swift Senate confirmation of Bowman and OCC nominee Gould is crucial

Washington, D.C. - Financial Services Forum President and CEO Kevin Fromer issued the following statement after the Senate Banking Committee voted today to advance Federal Reserve Governor Michelle Bowman's nomination for Federal Reserve Vice Chair for Supervision:

"We appreciate the Senate Banking Committee's action to approve President Trump's nominee for Vice Chair for Supervision, Michelle Bowman. This role is critical to implementing appropriate regulation and effective supervision that promotes economic growth. America's leading banks urge swift action by the full Senate to confirm Governor Bowman and Comptroller of the Currency nominee Jonathan Gould, who previously was approved by the committee. They are well-qualified nominees and it is crucial that these roles be filled."

The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.

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