Saule Omarova, President Joe Biden's nominee for a top bank regulator post, withdrew her name from consideration on Tuesday after a fiery confirmation hearing in which GOP lawmakers suggested she had Communist ties. "I have accepted Saule Omarova’s request to withdraw her name from nomination for the Office of the Comptroller of the Currency," Biden said in a statement. "As a strong advocate for consumers and a staunch defender of the safety and soundness of our financial system, Saule would have brought invaluable insight and perspective to our important work on behalf of the American people," he added. "But unfortunately, from the very beginning of her nomination, Saule was subjected to inappropriate personal attacks that were far beyond the pale. During her confirmation hearing last month before the Senate Banking Committee, Omarova, a Cornell University law professor, was grilled by Sen. John Kennedy, R-La., about her upbringing in the former Soviet Union, her membership in a youth Communist club and her education. "I don't know whether to call you professor or comrade," Kennedy said to Omarova during the hearing. "Senator, I'm not a Communist," Omarova replied. "I do not subscribe to that ideology. I could not choose where I was born." In a tweet after the hearing, Sen. Marco Rubio, R-Fla., wrote: "Saule Omarova supports abolishing private bank accounts, using govt to bankrupt energy companies & creating a Soviet style 'National Investment Authority.'" "She supports communist policies & a communist should not be our Comptroller of the Currency," he added. Omarova, 55, escaped Kazakhstan and immigrated to the United St . . . read the full article here.
Keywords: saule, opposition, bipartisan, confirmation, sen, nominee, omarova, omarovas, bank, regulator, currency, hearing, communist, backs, professor, bidens, nomination
ORG: GOP, Saule, Omarova, Presidential, Administration, Cornell University, the Treasury Department, the Senate Banking Committee, National Investment Authority, the Office of the Comptroller of the Currency,
DATE: 55, 1863, 1991, Tuesday, last month, several years
NORP: Soviet, American, Communist, Democrats