The nominations of Hester Peirce and Caroline Crenshaw to serve as commissioners on the Securities and Exchange Commission were approved by the full Senate in a voice vote late Thursday, ending the confirmation process.
Peirce, a Republican, was first sworn in on Jan. 11, 2018. Her second term expires on June 5, 2025. Crenshaw, a Democrat, will serve as a commissioner until June 5, 2024. President Donald Trump nominated both women to the SEC seats in June.
The Senate Banking Committee approved both nominations on Wednesday.
Crenshaw replaces former SEC Commissioner Robert Jackson, who left his SEC seat in February to return to teaching at New York University School of Law. She has been an attorney at the SEC since 2013, including work for Jackson’s office.
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Before joining the SEC, Crenshaw practiced law at Sutherland, Asbill and Brennan. She is a captain in the U.S. Army Reserve’s Judge Advocate General’s Corps.
Finishing Dodd-Frank mandated rules on issues 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.