WASHINGTON — The Senate Banking Committee is scheduled to vote Tuesday on the nomination of Mark McWatters to join the NCUA Board of Directors.
If confirmed, McWatters would succeed Republican Michael Fryzel, whose six-year term on the board expired last August. McWatters would join Chairman Debbie Matz and Richard Metsger, who are both Democrats.
President Obama nominated McWatters in late December, but the vote on his confirmation was delayed due to inclement weather.
McWatters is assistant dean for graduate programs and an adjunct professor at the Southern Methodist University Dedman School of Law.
He previously served as counsel to Rep. Jeb Hensarling, R-Texas, now chairman of the House Financial Services Committee.
Also on the committee's agenda are a list of pending nominees to the Federal Reserve Board and other agency positions, before it proceeds with a highly anticipated vote on a bill to overhaul the housing finance system.
The banking panel will consider the nominations of Lael Brainard and Stanley Fischer to join the Fed. Fischer has also been named to take Janet Yellen's seat as vice chairman of the Board, now that she serves as chairman. The committee will also vote on the renomination of Jerome Powell, a sitting Fed governor.
Immediately following the confirmation votes, the committee is scheduled to proceed with its planned markup of a mortgage finance reform bill drafted by Sens. Tim Johnson, D-S.D., chairman of the panel, and Mike Crapo, R-Idaho, the ranking member.
The announcement follows speculation in recent weeks that committee leaders were considering a delay in the hopes of winning more votes for the legislation.
The bill, which remains hotly debated, would unwind Fannie Mae and Freddie Mac and establish a new secondary mortgage market backed by a government guarantee in the event of catastrophic losses.
—Marian Raab contributed to this article.
