POLITICS/SEC/TRUMP PEOPLE/JAY CLAYTON: “The Senate Banking Committee on Tuesday approved Jay Clayton to head the Securities and Exchange Commission in the Trump administration, sending the nominee to the Senate floor for a final vote.
Mr. Clayton has called for scaling back regulations to prod more companies to go public while expressing skepticism that large corporate penalties deter fraud. The Trump administration and Republicans in Congress want to eliminate or roll back rules they say are choking off growth, including many measures required by the 2010 Dodd-Frank financial overhaul law.
‘We have to reduce the burdens of becoming a public company so that it’s more attractive,’ Mr. Clayton said at a confirmation hearing before the Senate panel last month.
The panel approved Mr. Clayton by a vote of 15-to-8, mostly along party lines. Three Democrats voted in favor of the nominee. All 12 Republicans on the panel supported him.”
-Andrew Ackerman, “SEC Pick Jay Clayton’s Nomination Advanced by Senate Panel,” The Wall Street Journal online, April 4, 2017 11:29am