Hatch Statement on Meeting with Treasury Secretary Nominee Steven Mnuchin

Utah Senator says Mnuchin has “a deep understanding of the fiscal challenges we face and can play an important role to help bridge the divide and craft bipartisan solutions that will promote the long-term health and prosperity of the American economy.”

WASHINGTON – Today, Senate Finance Committee Chairman Orrin Hatch (R-Utah) met with Treasury Secretary Nominee Steven Mnuchin in his office in the U.S. Capitol. Following the meeting, which lasted approximately 40 minutes, Hatch issued the following statement:

“Over the last eight years, hard-working middle-class families and even businesses on Main Street have been squeezed by the Obama Administration’s failed economic policies. Bigger government, higher taxes and rising debt has left our great nation in the lurch, and it’s past time we act to right our economic ship. Through his private sector background, Steven will have to untangle the web of red tape found in our mammoth tax code and navigate a minefield of heavy-handed regulations that have stifled opportunity and growth. He has a deep understanding of the fiscal challenges we face and can play an important role to help bridge the divide and craft bipartisan solutions that will promote the long-term health and prosperity of the American economy. I look forward to continuing to examine his record as the Committee’s bipartisan vetting process commences.”

Background: The U.S. Senate, as is its role under the Constitution, carefully, thoroughly and fairly vets and scrutinizes the President’s nominees. Each nominee that moves through the Senate Finance Committee will undergo the same bipartisan vetting process as the nominees from previous administrations. Traditionally, each nominee is required to submit a questionnaire as well as full copies of their tax returns to the Committee for review. Once the internal vetting process is completed, the Finance Committee will schedule a date for a confirmation hearing. The Senate Finance Committee recognizes the need for a seamless transition between administrations and will act in a swift and thorough manner to clear the nominees in the Committee to ensure a timely consideration by the full Senate.

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