McWatters Clears Committee: Onsite Coverage
WASHINGTON — The Senate Banking Committee on Tuesday approved by a voice vote the nomination of Mark McWatters to the NCUA Board.
The committee also approved three Federal Reserve Board nominees and two Department of Housing and Urban Development nominees.
The full Senate will now consider the nominations for confirmation. The date for that vote has not yet been set.
McWatters was nominated by President Barack Obama in January to succeed Republican NCUA Board Member Michael Fryzel, whose NCUA Board term expired in August of last year.
The banking committee was also scheduled to markup the Housing Finance Reform and Taxpayer Protection Act of 2013 on Tuesday, but delayed the action so senators could further negotiate the bill.
The bill, sponsored by Sen. Bob Corker (R-Tenn.) and Sen. Mark Warner (D-Va.), would wind down Fannie Mae and Freddie Mac and reform the housing finance system.
“While we have the votes to report the bill out today, members of the committee have asked for a brief delay to try to work out additional issues prior to a final vote,” said Senate Banking Committee Chairman Tim Johnson (D-S.D.) in a release. “To allow time for those discussions to be completed, we will shortly recess the executive session subject to the call of the chair. I have talked with Ranking Member (Mike) Crapo (R-Idaho), and we will continue working with interested members on both sides. Staff will notify members when the committee is set to reconvene in the coming days.”