Climate Change

Floor Speech

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Mr. CRAPO. Mr. President, I rise today in support of Elad Roisman, who has been nominated to serve on the U.S. Securities and Exchange Commission. On June 1, 2018, President Trump announced his intention to nominate Elad to be the Commissioner of the Securities and Exchange Commission for a 5-year term.

Elad currently serves as chief counsel for the Banking Committee. I and many members of the committee can personally attest to his qualifications for this position. He has an impressive command of securities law, a keen intellect and work ethic, and has always exhibited a steadfast commitment to doing what is right. Those attributes were manifest during his nomination testimony hearing a few weeks ago. He was subsequently voted out of the committee by voice vote with unanimous bipartisan support.

As many on the Banking Committee know, Elad is intimately familiar with the inner workings of the SEC, having previously served as counsel to Commissioner Daniel Gallagher and as chief counsel at the NYSE Euronext. He is highly regarded by those with whom he has worked and is an exceptionally qualified candidate for this position.

The SEC has an important three-part mission: protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. Each part of this mission is equally important and should not come at the expense of another. In his nomination hearing, Elad echoed the importance of this mission and committed to furthering it.

He stressed the need to promote investor confidence in both the markets and the SEC itself and the importance of dispelling the perception that markets are inaccessible or rigged against the little guy.

He committed to ensuring that the SEC has a strong enforcement program--one that holds regulated entities and individuals accountable. Elad also emphasized that the SEC must listen to small business owners and investors, many of whom do not make it to Washington regularly, whose perspectives are incredibly important to the SEC's work and its continued improvement of capital markets.

The U.S. financial system and markets are the preferred destination for investors throughout the world, and the SEC has an important role in ensuring that it remains so. Capital markets drive innovation and job creation, and access to them is the lifeblood of our economy. Elad has consistently demonstrated a commitment to ensuring that our markets remain the envy of the world, and I am confident he will work hard to make sure the U.S. financial markets can thrive while also protecting investors.

I personally want to thank Elad for his tireless service to the Senate and for being a trusted resource and ally of mine. I urge my colleagues to vote yes on the cloture motion and to support his nomination so he can quickly get to work for the American people.

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