Two by Two: NCUA, FDIC Nominees Likely Headed for Joint Hearing
Like Noah’s ark, the Senate Banking Committee often considers nominees in pairs.
That’s why when NCUA Board nominee Carla Leon-Decker has a confirmation hearing she probably won’t be flying solo.
On the same day that the Obama administration announced her nomination last week, it also announced that it had picked Thomas Hoenig to become vice chairman of the FDIC Board.
The Senate Banking Committee hasn’t announced a hearing date yet for either nominee.
Hoenig, a Republican who was recently president of the Federal Reserve Bank of Kansas City, was nominated at the recommendation of Senate Minority Leader Mitch McConnell (R-Ky.).
The Senate left town for a one-week recess after the nominations were announced.
Nominees to the FDIC and the NCUA don’t usually generate much controversy on Capitol Hill. However, given that it is closed to a presidential election year, delays are possible.