The Senate Banking Committee will meet Thursday to vote on whether to recommend the Senate confirm two nominees for the Securities and Exchange Commission.
Michael Piwowar and Kara Stein are not expected to face much, if any, opposition in the committee or the full Senate. The full committee is likely to recommend they be confirmed and the full Senate is likely to confirm them as the newest SEC commissioners, sources said.
Democrat Stein, a top aide to Sen. Jack Reed, D-R.I., would replace commissioner Elisse Walter. Piwowar, the Republican chief economist to the banking committee, would replace commissioner Troy Paredes.
Walter’s term originally expired June 5 last year, but commissioners can stay on an additional 18 months if they have not yet been replaced. If confirmed, Stein’s term would expire June 5, 2017, and Piwowar’s on the same day the following year.
The committee also will vote on the confirmation of SEC chairman Mary Jo White for a full term expiring June 5, 2019. White is currently serving a partial term previously vacated by Walter during a shuffling of commissioners following Mary Schapiro’s resignation at the end of 2012.