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Rare out-of-session hearing draws top Banking Democrat's ire

Warren objected to holding the hearing during recess and questioned administration decisions involving housing oversight and a potential bank loan.

Rare out-of-session hearing draws top Banking Democrat's ire
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This article1 analysis · Oct 3, 2026
ArcaMax
Sep 30, 2026
tl;dr

The Senate Banking Committee held a hearing on four Trump administration nominees during the Senate’s recess, prompting Elizabeth Warren to criticize the timing and raise concerns about agency oversight and a potential Export-Import Bank loan. Chairman Tim Scott defended the hearing, and the FHFA said its inspector general’s budget reduction was intended to make the budget more efficient.

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Elizabeth Warren D · MA · SEN
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Elizabeth Warren
D · MA · SEN

Senate Banking Committee ranking member criticizing the timing of the hearing and administration actions

PRIMARY SUBJECT
Tim Scott
R · SC · SEN

Senate Banking Committee chairman defending the timing of the hearing and supporting the nominees

Scott's version of this story ↗
Donald Trump
R · President of the United States

President whose administration’s nominees and policies were discussed

Mike Rounds
R · SD · SEN

Senator who questioned nominee David Slade about the status of a possible loan

ALSO MENTIONED  David Slade, Nominee for first vice president of the Export-Import Bank; Jeremy Wiggins, Trump administration nominee for assistant secretary of the Treasury; Lisa Cook, Federal Reserve governor mentioned in connection with Trump’s past effort to fire her; Matthew Jones, Trump administration nominee for an assistant secretary post at the Department of Housing and Urban Development; Michael Rigas, Nominee for a seat on the Export-Import Bank board; William Pulte, FHFA director whom Warren accused of cutting inspector general funding to impede oversight

Part of a bigger story

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Senate Banking Committee Holds Hearing on Trump Administration Nominees During Recess
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ALSO ABOUTTim Scott

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