Senate Panel OKs 2 New SEC Commissioner Nominees

What You Need to Know

Jaime Lizárraga is senior advisor to House Speaker Nancy Pelosi.
Mark Uyeda is a securities counsel on the minority staff of the Senate Banking Committee.
Their nominations now move to the full Senate.

The Senate Banking Committee approved by voice vote Wednesday the nominations of Jaime Lizárraga, senior advisor to House Speaker Nancy Pelosi, and Mark Uyeda, a securities counsel, to serve as commissioners at the Securities and Exchange Commission.

Their nominations now move to the full Senate.

President Joe Biden nominated Lizárraga and Uyeda on April 6.

Lizárraga oversees issues relating to financial markets, housing, international financial institutions, immigration and small-business policy. He also serves as Pelosi’s liaison to the Congressional Hispanic Caucus, Biden said in his announcement.

Uyeda, a securities counsel on the minority staff of the Senate Committee on Banking, Housing and Urban Affairs, has over 25 years of experience in corporate and securities law, including 18 years of public service working in federal and state government, according to Biden’s announcement. He has also served as assistant director and senior special counsel in the SEC’s Division of Investment Management.

Uyeda joined the SEC in 2006 and has worked in various capacities, including as senior advisor to former SEC Chairman Jay Clayton and former acting chairman Michael Piwowar, and as counsel to former SEC Commissioner Paul Atkins.

If confirmed, Uyeda would replace former SEC Commissioner Elad Roisman, a Republican, who left the agency at the end of January.