HAGERTY STATEMENT ON COMPTROLLER OF THE CURRENCY NOMINEE WITHDRAWING FROM CONSIDERATION

Statement

United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, today released the following statement after Saule Omarova, President Joe Biden's nominee to be Comptroller of the Currency, withdrew from consideration:

"After witnessing Dr. Omarova's shockingly out-of-touch perspective at her confirmation hearing, which led to bipartisan opposition to her nomination, I am pleased that she has recognized that her policy priorities are simply too extreme for the American people. When I questioned her if high gas prices were bad for America, she called it a "tricky question.' Having Dr. Omarova as the top bank regulator would have posed significant risk to our financial markets--the envy of the world--and it is incumbent upon President Biden to recognize this when selecting his next nominee."

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