Clayton Confirmed as SEC Chairman

Jay Clayton will
 be the new SEC chairman. He’s shown here in March. Photo: jonathan ernst/Reuters

The Senate on Tuesday confirmed President Trump's nominee to lead the Securities and Exchange Commission (SEC), Jay Clayton, a former Wall Street lawyer, according to a WSJ article.

With Senators voting largely along party lines, Clayton's nomination was approved by a vote of 61 to 37. Despite this split, the WSJ highlights that the new SEC Chair faces far fewer challenges than his recent predecessors, who were burdened with the responsibility of promulgating the hundreds of new rules mandated by the Dodd-Frank act.

Mr. Clayton said it was a "distinct honor" to take helm of the agency. "I look forward to working closely with my fellow commissioners and the dedicated career staff at the SEC to serve the American public and advance the SEC's important mission," he said.

For the most recent developments and updates on key nominees at Federal agencies, see SFIG's Key Policymaker Tracker here.

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