The Senate Banking Committee advanced the ICBA-supported nomination of Michelle “Miki” Bowman for a full term as a member of the Federal Reserve Board.
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.
In a recent letter to the committee, ICBA said Bowman has distinguished herself in her short time on the board by engaging with community bankers. She 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.