OFR nominee to have hearing in Senate Banking

A hearing on the nomination of a new director for the Treasury’s Office of Financial Research has been set by the Senate Banking Committee for Tuesday.

Economist Dino Falaschetti was nominated by President Donald TrumpJune 20 to be director of OFR, which (according to its website) “helps to promote financial stability by looking across the financial system to measure and analyze risks, perform essential research, and collect and standardize financial data.”

Since 2015 the chief economist for the House Financial Services Committee, Falaschetti has also served as a senior research fellow for the Mercatus Center at George Mason University in Fairfax, Va., and as a consultant and educator.

If confirmed, Falaschetti would serve a six-year term, succeeding Richard B. Berner in the role. For the hearing, he will be part of a four-person panel of nominees (the others being Elad L. Roisman, to be a member of the Securities and Exchange Commission; Michael R. Bright, to be president of the Government National Mortgage Association (Ginnie Mae); and Rae Oliver to be inspector general, U.S. Department of Housing and Urban Development;

Senate Banking Committee hearing schedule, July 24