Yesterday, President Trump nominated commissioner Hester Peirce to a second term on the SEC.
Very few outlets reported on it, so it may not be obvious that this is a VERY big deal
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Very few outlets reported on it, so it may not be obvious that this is a VERY big deal
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Traditionally, nominations to boards with a mandated partisan balance have been advanced in pairs, one Democrat and one Republican
And, as it happens there is presently a Democratic vacancy on the SEC.
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And, as it happens there is presently a Democratic vacancy on the SEC.
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But Peirce’s nomination was presented alone, with no accompanying nomination for the Democratic slot (which has been sitting empty since February).
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If Peirce is confirmed, her second term will not expire until 2025 and she would not be required to leave her seat until December 2026!
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Even more importantly, with a solid majority on the SEC assured, Mitch McConnell will have no reason to fill the Democratic slot if Biden is elected and Republicans hang on to the majority.
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That is because, if Senate Republicans do absolutely nothing, Republicans will not lose their majority on the commission until 2024!
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Despite these dire stakes, Revolving Door Project is a lonely voice raising the alarm and we need reinforcements!
Senate Democrats must highlight and resist Trump and Mitch McConnell’s quiet but consequential maneuvers on independent agency nominations
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Senate Democrats must highlight and resist Trump and Mitch McConnell’s quiet but consequential maneuvers on independent agency nominations
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Here we were last year talking about another Democratic vacancy on the SEC that had languished for half a year thanks to similar machinations
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therevolvingdoorproject.org/the-sec-remain…
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therevolvingdoorproject.org/the-sec-remain…
And here were last fall calling directly on Senate Democrats to mount some form of resistance
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therevolvingdoorproject.org/dems-must-conf…
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therevolvingdoorproject.org/dems-must-conf…
The consequences of Senate Democrats surrender in this fight will not simply disappear the moment that Trump leaves office but will linger for years to come, limiting a hypothetical Biden administration's ability to undo what Trump and his cronies have wrought.
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With the help of @demandprogress we've done our best to draw attention to this attack, but it's time that Senate Democrats acted.
Some of the damage may already be done, but concerted effort now could prevent even worse from occurring in the coming months
(11/10)
Some of the damage may already be done, but concerted effort now could prevent even worse from occurring in the coming months
(11/10)
