The Senate Banking Committee approved by voice vote Wednesday the nominations of Hester Peirce and Caroline Crenshaw to be commissioners at the Securities and Exchange Commission.
Peirce and Crenshaw’s nominations must now be confirmed by the full Senate.
If confirmed, Crenshaw will replace former SEC Commissioner Robert Jackson, who left his SEC seat in February to return to teaching at New York University School of Law.
Crenshaw is an attorney at the SEC who worked in Jackson’s office.
Finishing Dodd-Frank mandated rules such as executive compensation should also be a priority for the commission, Crenshaw stated, during her nomination hearing before the Senate Banking Committee on July 21.