Senator Tim Scott, a Republican from South Carolina, has urged regulators under President Biden to cease their activities to provide President-elect Trump with a 'fresh slate' when he assumes office in January.
In a letter addressed to Biden, Scott emphasized that Americans nationwide rejected the current administration's economic agenda and expressed a desire for a new era of governance under President Trump.
Scott asserted that it is crucial for Biden and his administration to facilitate a smooth transition for President Trump to implement the agenda supported by the American people.
As the ranking Republican on the Senate Committee on Banking, Housing, and Urban Affairs, Scott called for a suspension of rulemaking and nomination-related actions by federal financial and housing regulators to support the transition process.
He also demanded that all pending nominations within the committee's jurisdiction be withdrawn and vowed not to support any nominees presented by the incoming administration.
Scott's letter was copied to key officials including Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo, and Federal Reserve Chair Jerome Powell.
Aside from focusing on the transition, Scott, recently elected as the chair of the Senate Republican campaign committee, aims to bolster the GOP majority in the 2026 elections.
Following his selection as the chair of the National Republican Senatorial Committee, Scott expressed his commitment to ensuring a prolonged period of Republican control in the Senate under Trump's leadership.
With Republicans regaining control of the Senate in the recent elections, pending a recount in Pennsylvania, where the GOP challenger holds a lead, the party is expected to secure a 53-47 majority in the Senate in January.
