The Senate Banking Committee plans to hold an executive session Wednesday to vote on the two new Securities and Exchange Commission nominees — Hester Peirce and Robert Jackson.
Peirce, a Republican, and Jackson, a Democrat, testified at a nomination hearing on Oct. 24 before the committee.
If confirmed by the Senate Banking Committee Wednesday, their nominations for SEC commissioner would move to the full Senate for consideration.
Mercatus fellow Hester Peirce and Columbia Law School professor Robert Jackson did not include a fiduciary rule among their list of the top priorities the commission should tackle during their Oct. 24 testimony — citing cybersecurity, oversight of the Financial Industry Regulatory Authority and executive compensation as more pressing issues.