Senate Committee Confirms Hauptman for NCUA Board
With the approval by voice vote, Hauptman's nomination moves on to the full Senate.
Kyle Hauptman’s nomination to the NCUA Board was confirmed by the Senate Banking Committee on Wednesday.
In a voice vote, members of the Senate Banking Committee, during an executive session, approved Hauptman’s nomination by President Trump. The nomination is headed to the full Senate for a final vote.
Trump nominated Hauptman on June 15 to replace board member J. Mark McWatters, whose term expired last August.
During Wednesday’s nine-minute hearing, Committee Chairman Sen. Mike Crapo (R-Idaho) quickly indicated his full support of Hauptman and the other two nominees for the Securities and Exchange Commission.
Sen. Sherrod Brown (D-Ohio) briefly raised his concerns about Hauptman’s ability to serve on the NCUA Board. “I’m concerned about his experience, or lack of experiences and qualifications, or lack of qualifications of being one of the top regulators of credit unions in this country,” Brown said.
Hauptman currently serves as Sen. Tom Cotton’s (R-Ark.) economic advisor as well as the Staff director of the Senate Banking Committee’s Subcommittee on Economic Policy.
According to a statement from White House officials, prior to joining Sen. Cotton’s office, Hauptman worked on the 2016 Presidential Transition Team, and served on the United States Securities and Exchange Commission’s Advisory Committee for Small and Emerging Companies from 2015-2016.
If confirmed by the full Senate, Hauptman’s term on the NCUA Board would expire in August 2024.