Nomination of Michelle Bowman

Floor Speech

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Mr. McCONNELL. Mr. President, we will also vote to advance the nomination of Michelle Bowman to serve on the Federal Reserve Board. Ms. Bowman brings experience as a community banker and as a banking regulator, currently serving as the State Banking Commissioner of Kansas. Her nomination comes before us in a year when the Senate has taken substantive legislative action on behalf of America's community banks and the communities they serve.

As we were reminded when we passed bipartisan reforms to Dodd-Frank a few months ago, smaller lenders provide more than 50 percent of small business loans and nearly 80 percent of agricultural loans nationwide. So it is as important now as ever that these institutions and their needs are represented on the Federal Reserve Board.

By any standard, Ms. Bowman is very well prepared to serve in a seat designated specifically for an expert on community banking. So I urge each of my colleagues to join me in voting to confirm another of the President's well-qualified nominees for Federal service.

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