The Senate on Tuesday confirmed Graham Steele by a 53-42 vote as assistant secretary for financial institutions at the Treasury Department.
Steele has been a strong proponent of safeguarding the financial system against climate risks and is viewed as a progressive on financial regulation.
He had been the director of the Corporations and Society Initiative at Stanford University’s Graduate School of Business.
From 2010 to 2017, Steele worked on the Senate Banking Committee as a legislative assistant for the committee’s current chair, Sen. Sherrod Brown, D-Ohio, and as the minority chief counsel. Steele also served for four years as the staff director for the subcommittee on financial institutions and consumer protection.
After leaving Capitol Hill in 2017, Steele joined the staff of the Federal Reserve Bank of San Francisco.
A graduate of the George Washington University Law School, Steele spent two years at Public Citizen, a nonprofit consumer advocacy group, where he was policy counsel and a legal and policy associate.
