ABA Statement on Nomination of Michelle Bowman as Vice Chair for Supervision

“We applaud President Trump’s nomination of Governor Michelle Bowman to serve as the Federal Reserve’s next vice chair for supervision, and we urge the Senate to quickly confirm her so she can take on the additional responsibilities that come with this important role. Since joining the Fed, Governor Bowman has been a thoughtful, principled voice for sensible regulatory and monetary policy and someone who understands the important role that banks of all sizes play in our financial system and our economy. Her prior experience as a community banker and state regulator brings a much-needed real-world perspective to a wide range of policy issues facing our industry, including the need to ensure that all market participants have a level playing field.

“We look forward to working with Governor Bowman to ensure that the nation’s banking regulatory framework is rational, forward-looking and appropriately tailored, so that all banks can continue to compete and succeed as they serve their customers and communities.”