Senate Committee Recommends Metsger Confirmation to NCUA Board

The Senate Committee on Banking, Housing and Urban Affairs recommended the confirmation of former Oregon State Senator Rick Metsger to the board of the National Credit Union Administration (NCUA).  The full Senate will next schedule a confirmation vote.

Metsger was nominated to fill the NCUA board vacancy by President Barack Obama in May, and appeared before the Senate Committee in June. Following the hearing, Metsger also responded to written questions.

Metsger served for more than a decade in the Oregon Senate and became well-versed in the complexities of the financial services industry both by serving on Senate decision-making committees and as a longtime board member of the former Portland Teachers’ Credit Union.  Prior to launching his public service career, Sen. Metsger was a popular and award winning news and sports anchor at KOIN TV in Portland.

The Committee approved Metsger and five other nominees to federal positions by voice vote during an executive session this morning. The other nominees getting thumbs up from the committee include:

  • Dr. Jason Furman, to be a member and chairman of the Council of Economic Advisers
  • Kara Stein to be a member of the Securities and Exchange Commission
  • Dr. Michael Piwowar to be a member of the Securities and Exchange Commission
  • Mary Jo White to be a member of the Securities and Exchange Commission

“As our nation’s economy continues to recover, we need strong leaders in place at our financial regulators and other agencies,” noted Senator Tim Johnson (D-S.D.), the Committee’s Chairman.  “The Committee’s bipartisan approval of Furman, Stein, Piwowar, Metsger and White is a positive step forward, and I hope the Senate will move quickly to consider and confirm these nominees.” 

The Metsger, Furman, Stein, Piwowar and White nominations were approved unanimously. Congressman Mel Watt (D-N.C.) faces a more controversial confirmation to head the Federal Housing and Finance Agency—charged with cleaning up Fannie Mae and Freddie Mac.   Rep. Watt was also recommended for confirmation with a 12-10 vote.

Sen. Johnson also noted that Rep. Mel Watt “is well-qualified to lead the FHFA in its conservatorship of Fannie Mae and Freddie Mac, and he too should be confirmed without delay.”

 

Questions? Contact Lynn Heider: 503.350.2225, lheider@nwcua.org.

Posted in Federal, NCUA.