Elad Roisman, the nominee for the open Republican SEC Commissioner slot, was the beneficiary of a canceled Senate “recess” last week as his nomination cleared the Senate Banking Committee, where he serves as chief counsel. The next step is a confirmation vote by the full Senate but when is unclear. Often,nominations for the SEC and other board are paired – one Republican and one Democrat moving together. The Trump administration has yet to nominate a replacement for Democratic Commissioner Kara Stein whose term expired in 2017 but continues in her post under an SEC rule that allows commissioners to serve for up to 18 months after the expiration of their term. Mr. Roisman’s nomination could move to the Senate floor alone as a Democratic nominee has been rumored but not announced. Bloomberg reported earlier this month that Allison Lee, a Stein staffer, is being considered as a possible nominee.
On Tuesday, the Senate cut a deal to confirm more than 30 nominees, including 27 executive branch nominees and seven judicial nominations. Whether that enthusiasm for confirmations continues after Labor Day remains to be seen. But Majority Leader Mitch McConnell (R-KY) frequently says he is in the personnel business. His actions in pushing through judicial nominations and patiently withstanding the Democrat’s delaying tactics on agency heads indicates his commitment to confirming judges, policy makers, and regulators.