The White House has nominated Columbia Law School Professor Robert Jackson as the new commissioner at the Securities and Exchange Commission with a term expiring on June 5, 2019.
President Donald Trump has also nominated Katherine Brunett McGuire of Virginia to be an assistant secretary for Congressional and Intergovernmental Affairs at the Labor Department.
The White House has yet to nominate an assistant secretary of Labor for the Employee Benefits Security Administration, to replace Phyllis Borzi, the architect of Labor’s fiduciary rule.
Jackson, who is also director of Columbia’s Program on Corporate Law and Policy, also served as a senior advisor at the Treasury Department during the financial crisis, assisting Kenneth Feinberg in his work as special master to oversee the Troubled Asset Relief Program (TARP) executive compensation.
The term of Kara Stein, the SEC’s only current Democratic commissioner, expired on June 5, but commissioners can stay on up to 18 months after their term has expired. Jackson would fill the other Democratic seat on the commission.
Peirce, a Republican who’s currently director of the Financial Markets Working Group and senior research fellow at the Mercatus Center at George Mason University, would replace former SEC Commissioner Luis Aguilar. If confirmed by the full Senate, Peirce’s term would expire on June 5, 2020.