Omarova Refuses to Rule Out a Repeat of Operation Choke Point

Omarova Refuses to Rule Out a Repeat of Operation Choke Point


Saule Omarova refused on Thursday to pledge that she would not politicize lending in a repeat of the Obama administration’s notorious Operation Choke Point.

Omarova, a Cornell law professor who served in the Bush Treasury Department, was nominated by President Joe Biden to be the Comptroller of the Currency, a position that would put her at the head of an agency tasked with chartering and supervising national banks and make her one of the country’s most powerful financial regulators.  The Senate Banking Committee met Thursday to consider the nomination.

“Will you pledge today not to repeat Operation Choke Point and politicize the banking industry by targeting socially suboptimal companies?” Senator Cyntia Lummis (R-WY) asked at the hearing.

Omarova refuse to make the pledge,

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