ICBA strongly urged the Senate Banking Committee to advance the nomination of Michelle “Miki” Bowman for a full term as a member of the Federal Reserve Board.
In a letter to the panel, which today is holding a hearing on Bowman and other nominees, ICBA said she has distinguished herself in her short time on the board by engaging with community bankers.
As advocated by ICBA, President Donald Trump renominated Bowman last month following her bipartisan confirmation for a partial term that expires Jan. 31, 2020. If confirmed by the Senate, Bowman’s renomination for a full 14-year term would begin Feb. 1, 2020.
Bowman made history last fall as the first person to fill the Fed’s community banking seat, which was instituted by Congress in 2015 due to ICBA’s successful advocacy.