Joint Trades Letter on the Nomination of Sarah Bloom Raskin

Joint Trades Letter on the Nomination of Sarah Bloom Raskin

Today, IPAA and a coalition of trade associations from across the country wrote to Senators Sherrod Brown and Patrick Toomey, Chairman and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs opposing the nomination of Sarah Bloom Raskin as Vice Chair for Supervision at the Federal Reserve. 

From the letter:

“We strongly oppose President Biden’s nomination of Sarah Bloom Raskin as Vice Chairwoman for Supervision at the Federal Reserve, the government’s most influential overseer of the American banking system. She is a strong advocate for debanking the very industry that powers America. Her multiple public statements indicate an agenda at odds with the President’s goal of providing Americans with reliable, affordable energy.

“Department of Energy projections show national and global oil and natural gas consumption increasing out to 2050, which belies Ms. Bloom Raskin’s public statements that our industry is a “dying one” that does not deserve access to the financial system…”