Providing for Congressional Disapproval Under Chapter 8 of Title United States Code, of the Rule Submitted By the Office of the Comptroller of the Currency of the Department of the Treasury Relating to the Review of Applications Under the Bank Merger Act

Floor Speech

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Mr. MORAN. Mr. President, this week, the Senate Banking Committee-- the Senate Committee on Banking, Housing, and Urban Affairs--advanced the nomination of Michelle ``Miki'' Bowman to be the Vice Chair for Supervision at the Federal Reserve. Miki Bowman is my constituent. She is a Kansan, a native of Morris County. Miki has deep roots in rural America.

After graduating from the University of Kansas, followed by Washburn University's Law School, she came to Washington, DC, working across Capitol Hill and the executive branch. Like many good Kansans, Miki eventually found her way back home, and she became the vice president at Farmers and Drovers Bank, a community bank in Council Grove, KS. That occurred in 2010. In 2017, Miki became the Kansas State bank commissioner, where she was responsible for overseeing hundreds of State-chartered banks, trust companies, money transmitters, and other nondepository entities.

When President Trump chose Miki to serve as the community bank representative on the Federal Reserve Board of Governors, it was clear she was a great choice, the right choice to give small lenders and rural communities a voice at the Fed. Not only did Miki exceed the qualifications for the position set by law, but her time living and working in rural Kansas helped guide her decision making.

With immense experience working in and supervising community banks, I am confident Miki will continue to be a champion for those community banks but really, more importantly, for those those community banks serve, the people of States like mine and the Presiding Officer's. She will serve those people and those communities well.

The Vice Chair for Supervision plays the critical role of overseeing the regulatory environment and the supervision of many of our Nation's financial institutions, large and small. This Vice Chair position will be responsible for both rightsizing regulations for smaller lenders and finalizing the Basel III Endgame.

Not only do I trust Miki's professional experience, but I have come to know her as an independent, forthright, intelligent, quality individual with a demonstrated record of service to her State and Nation. Miki will make an excellent Federal Reserve Vice Chair for Supervision. I look forward to voting to confirm her nomination here in the full Senate, and I urge my colleagues to support her confirmation.

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