Hearings to examine the nominations of Stephen Miran, of New York, to be Chairman of the Council of Economic Advisers, Jeffrey Kessler, of Virginia, to be Under Secretary of Commerce for Industry and Security, William Pulte, of Florida, to be Director of the Federal Housing Finance Agency, and Jonathan McKernan, of Tennessee, to be Director, Bureau of Consumer Financial Protection.

The Senate Committee on Banking, Housing, and Urban Affairs held a hearing to consider the nominations of four key federal officials: Dr. Eric Schmitt for the Council of Economic Advisers, Jeffrey Kessler for the Department of Commerce's Undersecretary of Industry and Security, William Pulte for the Federal Housing Finance Agency, and Jonathan McKernan for the Consumer Financial Protection Bureau. The hearing focused on economic policy, housing affordability, national security, and the oversight of consumer financial regulation. Witnesses emphasized the need to reverse the economic policies of the prior administration, promote job creation through reindustrialization, and strengthen American competitiveness in global technology markets. A central theme was the administration's attempts to undermine the CFPB, including Elon Musk's public calls for its closure and the shutdown of its operations, which the committee viewed as a serious threat to consumer protections. The nominees, particularly Mr. McKernan, committed to upholding the law, enforcing consumer rights, and restoring accountability within federal agencies. The hearing underscored concerns about housing costs, regulatory inefficiencies, and the erosion of institutional oversight in key economic and financial sectors.