Political Quotes

“Mr. President, I rise in support of the nominations of Ms. Jelena McWilliams to be Chair and a member of the Federal Deposit Insurance Corporation. As one of the three primary Federal financial regulators, the FDIC plays a critical role in the U.S. financial system, particularly for community banks. As head of the FDIC, Ms. McWilliams will be responsible for administering the Deposit Insurance Fund and ensuring the safety and soundness of the financial system while also promoting economic growth. She will also contribute to deliberations on financial stability as a member of the Financial Stability Oversight Council. In having focused extensively on financial institutions throughout her career in both the private and public sectors, Ms. McWilliams is supremely qualified for this position. She has a unique view of the U.S. regulatory system and its regulated entities, most recently serving as the chief legal officer, executive vice president, and corporate secretary for Fifth Third Bank, which is a regional bank based in Ohio. Prior to that, she served as a valuable member of the Banking Committee's staff for both Senator Shelby and me. Ms. McWilliams also worked as an attorney at the Federal Reserve during the financial crisis and on the Small Business Committee under former Senator Snowe. Many of my colleagues and I can personally attest to her qualifications, her good judgment, and her expertise, which will be an asset to the FDIC and to the country.…”