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Banking Committee Hears Six Trump Nominees for HUD, Treasury, Commerce and the Fed

April 10, 2025 · U.S. Senate Banking Committee GOP · 2:30:13

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What happened

The Senate Banking Committee held a hearing on April 10, 2025 on six Trump nominees: Andrew Hughes to be Deputy Secretary of HUD, David Woll to be HUD General Counsel, Michelle Bowman to be Vice Chair for Supervision of the Federal Reserve, John Hurley to be Under Secretary of the Treasury for Terrorism and Financial Crimes, David Fogel to be Assistant Secretary of Commerce and Director General of the U.S. and Foreign Commercial Service, and Landon Heid to be Assistant Secretary of Commerce for Export Administration. Chairman Tim Scott introduced each nominee’s portfolio, from housing affordability and illicit finance to exports and bank supervision, and said the American people deserve a government focused on solutions. Ranking Member Elizabeth Warren criticized the President’s tariff policy in her opening, as she characterized its economic effects.

Questioning covered the nominees’ intended work. Hurley, asked how he would tighten enforcement against sanctions evasion and companies tied to China’s military, said a first priority at Treasury’s terrorism and financial intelligence office would be to focus with precision on the sources of the Chinese entities involved in stealing American technology and related nefarious activity, as he described it. A HUD nominee, asked about faith-based organizations delivering services through grants, said the Secretary wants to make things easier for faith-based groups, that conditions in grant awards had cut some out and discouraged applications, and that the department would take a hard look and change the messaging, as the nominee put it. The supervision nominee, questioned about downsizing bank examination staff at regulators, said examination staffs are of the most importance for safety and soundness and that any review, if confirmed, would be sensitive to fully implementing supervision responsibilities, as the nominee answered.

Why it matters

The hearing is the confirmation record for a cross-section of the administration’s financial team — HUD leadership, the Treasury’s sanctions chief, Commerce export officials and the Fed’s top bank supervisor — in a single sitting.

Sources: U.S. Senate Banking Committee GOP, “Chairman Tim Scott Leads Senate Banking Committee Hearing on Nominations”, 2025-04-10 (official upload, embedded above; published 2025-04-10). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.