Senate Banking Committee Chairman Tim Johnson released the following statement after the Senate confirmed Mary Jo White to be a commissioner of the Securities and Exchange Commission. Ms. White was approved by the Senate by unanimous consent, and President Obama has said he will name her Chairman of the Commission.
"The SEC needs a strong leader in place as it works to implement Wall Street Reform, and that is exactly what the commission is getting with Mary Jo White," said Chairman Johnson. "After meeting her, listening to her testimony, and closely reviewing her qualifications, it came as no surprise that she received such overwhelming bipartisan support for her confirmation. I look forward to working with her as the SEC addresses a range of rules and policy issues that include the Volcker Rule, derivatives, credit rating agencies, hedge funds, standards for broker-dealers and investment advisers, corporate disclosures, market structure, and money market funds, to name just a few.
"I also want to thank Elisse Walter for her good work as Chairman over the past few months. The commission didn't skip a beat throughout this transition and that is a testament to her expertise, hard work, and dedication."