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, was nominated by the White House on July 24.
Jackson, a Columbia Law School professor, was nominated on Sept. 5. He would fill the other Democratic seat on the commission if confirmed with a term expiring on June 5, 2019.
If confirmed by the full Senate, Peirce would replace former SEC Commissioner Luis Aguilar and have a term that would expire on June 5, 2020.
Both would enter the agency as it works to coordinate a fiduciary rule with the Department of Labor. SEC Chairman Jay Clayton told a House panel on Oct. 4 that “there ought to be consistency with us and the Department of Labor. We can’t have asymmetric standards.”