News

Senate Confirms Peirce and Jackson as SEC Commissioners

Hester Peirce and Robert Jackson secured Senate confirmation by voice vote for seats on the SEC on December 21st, filling out the five-member commission for the first time since 2015. They will join Chairman Jay Clayton, an independent appointed by President Donald Trump, Democrat Kara Stein, and Republican Commissioner Michael Piwowar, who served briefly as acting chair. You can find the WSJ article on their confirmation here.

About the New Commissioners

  • Peirce, a Republican and senior research fellow and director of the financial markets working group from George Mason University’s Mercatus Center, has previously called for the repeal of 2010 Dodd-Frank Act. She was first nominated to the SEC in 2015, but did not receive a Senate floor vote in the past Congress.
  • Jackson, a Democrat and director of the Program on Corporate Law and Policy at Columbia Law School, helped lead a group of legal academics who petitioned the Securities and Exchange Commission to require companies to disclose their political spending.

The BDA plans to make outreach to the new commissioners and schedule introductory meetings for BDA members in the near future