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Ranking Member Waters Applauds Nomination of Christy Goldsmith Romero as FDIC Chair

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released a statement applauding President Biden’s nomination of Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero to serve as Chair of the Federal Deposit Insurance Corporation (FDIC).

“I applaud President Biden for his decision to nominate CFTC Commissioner Christy Goldsmith Romero to serve as Chair of the FDIC. Throughout her more than 20 years of experience, Commissioner Goldsmith Romero has proven to be a tough reformer with a deep commitment to working to protect our nation’s investors, consumers, and taxpayers. In her current role as Commissioner of the CFTC, Goldsmith Romero is doing important work to take action on critical issues related to financial stability, customer protection, the growing risk posed by climate change, cybersecurity, and the emergence of technology like Artificial Intelligence, digital assets, and blockchain which may have major implications for our nation’s consumers and the broader economy.

“Additionally, Commissioner Goldsmith Romero’s record of standing up for consumers and holding bad actors to task speaks for itself. Not just through her work as Commissioner, but also her tenure as Special Inspector General for the Troubled Asset Relief Program in 2009, where she successfully held accountable bank executives who engaged in financial crimes and fraud. In fact, Goldsmith Romero’s office’s investigations recovered more than $11 billion in assets and resulted in criminal charges against more than 100 bankers, with courts sentencing 74 bankers to prison.

“Commissioner Goldsmith Romero is undoubtedly the right person to help strengthen the safety and soundness of our banking system and address the workplace issues at the FDIC. Goldsmith Romero has been unanimously confirmed by the Senate twice and has served successfully under both Democratic and Republican administrations. If Republicans are committed to changing the workplace culture at the FDIC, I expect that they will join with Democrats to support her swift Senate confirmation.”


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