WASHINGTON – U.S. Sen. Mark R. Warner (D-VA), a member of the Senate Banking Committee, released the following statement on President Biden’s intent to nominate Michael Barr as Vice Chair for Supervision of the Federal Reserve:

“Michael Barr has spent much of his career working to protect consumers and safeguard the long-term stability and wellbeing of our nation’s financial system. While I look forward to further reviewing his qualifications and considering his nomination, I believe he has the background to be a valuable Vice Chair for Supervision of the Federal Reserve at this moment in time.”

###