WASHINGTON–The Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on the nomination of Kyle Hauptman to serve on the NCUA board today.
Hauptman has been nominated to fill the expired board term of J. Mark McWatters, whose term expired in August 2019.
The White House announced Hauptman’s nomination in June. Should he be confirmed, Hauptman’s term on the NCUA board would run through August 2024.
Hauptman is currently Senator Tom Cotton’s (R-AR) advisor on economic policy, as well as staff director of the Senate Banking Committee’s Subcommittee on Economic Policy. Prior to joining Cotton’s office, Hauptman worked on the 2016 Presidential Transition Team.
From 2015 to 2016, Hauptman served on the United States Securities and Exchange Commission’s Advisory Committee for Small and Emerging Companies. Previously, he was Mitt Romney’s policy advisor for financial services during his 2012 campaign. Previously Hauptman was a fixed-income trader in Tokyo, New York City, and Sydney, Australia. He earned his MBA from Columbia University and his B.A. from UCLA.
Could be Close Vote
NCUA board nominations are typically noncontroversial, but some analysts have told CUToday.info they expect the vote may not be unanimous, in part due to the current political climate.
Also scheduled to have their nominations heard during the hearing include Hester Peirce and Caroline Crenshaw to join the SEC.