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Biden’s Far-Left Treasury Department Nominee

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In July, President Biden nominated Graham Steele for assistant secretary of the Treasury for financial institutions. Steele will be in front of the Senate Banking Committee tomorrow for his nomination hearing.

If confirmed, Steele would head the Treasury Department’s Office of Financial Institutions (OFI). The OFI coordinates policy on financial regulation and also oversees federal initiatives on financial education and cybersecurity.

Steele is no moderate Democrat when it comes to financial issues. From 2010 to 2015, he worked for Ohio senator Sherrod Brown, whose Rust-Belt-moderate image doesn’t align with his radical policy views. (Brown is the current chair of the Senate Banking Committee.) Steele’s nomination earned a glowing endorsement from Massachusetts senator Elizabeth Warren, whose idea of financial regulation often treats the rule of law as an afterthought when........

© National Review

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