Crapo Commends Nomination of Chief Economist Mike Piwowar to SEC

Washington, D.C. - U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, issued the following statement on the nomination of Republican Chief Economist Mike Piwowar to serve as a Republican commissioner of the Securities and Exchange Commission (SEC):

"Mike's in-depth expertise of capital markets and background as a chief economist make him exceptionally well-qualified for this position as the SEC moves forward on critical issues.  As the Republican chief economist and securities expert for the Banking Committee, and previously an economist at the Council of Economic Advisers for two Presidents, he has thoroughly demonstrated his understanding of these complex issues.  I am confident that as an SEC commissioner, he will work to fulfill the agency's critical mission of protecting investors, maintaining fair, orderly, and efficient markets and facilitating capital formation."