The Senate Banking Committee today voted unanimously to confirm two of President Trump’s nominees to fill vacant posts on the powerful Securities and Exchange Commission. Competitive Enterprise Institute Vice President for Strategy Iain Murray expressed support for full Senate confirmation of one of the nominees in particular, Hester Peirce, a senior research fellow at the Mercatus Center at George Mason University.
The Competitive Enterprise Institute commends the committee for recommending Hester Peirce and urge the Senate to swiftly confirm her nomination. The SEC needs someone as forward-thinking as Ms. Peirce for the agency to keep pace with rapid innovation in the securities field. Twenty-first century companies need modern regulation, not antiquated regulation dating back to the New Deal.
CEI has previously put forward ideas for modernizing the SEC and clearing away unnecessary red tape that holds back American business and investment opportunities. See: Rethinking the Securities and Exchange Commission