It wasn’t much, but given the complete lack of movement in the languishing nominations of Hester Peirce and Lisa Fairfax to be SEC commissioners, we’ll take it. On Thursday, May 19, the U.S. Senate Banking Committee finally voted to advance the nominations of Peirce and Fairfax to the full Senate for a vote. Peirce and Fairfax were nominated by President Obama way back in October 2015 to fill open Republican and Democrat seats on the Commission, respectively. Peirce is currently a senior research fellow at the Mercatus Center at George Mason University and Fairfax is a law professor at the George Washington University Law School.
