U.S. Senator Tammy Baldwin Announces Opposition to Mnuchin Nomination for Treasury Secretary
“Wisconsin families struggling to get ahead do not want foxes guarding the hen house.”
WASHINGTON, D.C. – U.S. Senator Tammy Baldwin today announced she will oppose President Trump’s nomination of hedge fund manager and former Goldman Sachs executive Steven Mnuchin for Secretary of the Treasury.
“Wisconsin families struggling to get ahead do not want foxes guarding the hen house. They do not want a wealthy Wall Street insider writing the rules and making Washington work for hedge funds and big banks. Serious questions have been raised about whether this nominee deliberately misled Congress during his confirmation hearing about foreign investments, including one based offshore in the Cayman Islands. These questions deserve answers. For these reasons, I will not support the confirmation of Steven Mnuchin, a powerful Wall Street insider, to be our next Secretary of the Treasury. The people of Wisconsin deserve a Treasury Secretary who will work to build an economy that works for everyone, not just those at the top.”
On Tuesday, Senator Baldwin and House Committee on Oversight and Government Reform Ranking Member Elijah Cummings (D-MD) reintroduced the Financial Services Conflict of Interest Act. The legislation would slow the revolving door between Wall Street and Washington, prohibit “golden parachute” bonus payouts, and combat conflicts of interest by requiring senior financial service regulators to recuse themselves from any official actions that directly or substantially benefit the former employers or clients for whom they worked in the previous two years before joining federal service.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
Mentioned in This Press Release
Recent Press Releases by U.S. Sen. Tammy Baldwin
Baldwin, Ernst Lead Bipartisan Bill to Ensure Coverage for Children Born with Congenital Anomalies or Birth Defects
May 8th, 2025 by U.S. Sen. Tammy BaldwinBill comes after Wisconsin child was denied coverage and forced to pay out of pocket for medically necessary care to manage birth defect
Baldwin, Warren, Markey, Merkley Blast Trump Plan to Cut 988 Suicide and Crisis Line For LGBTQ+ Youth
May 7th, 2025 by U.S. Sen. Tammy BaldwinTrump cuts come as roughly 40 percent of LGBTQ+ young people reported seriously considering attempting suicide
Baldwin Introduces Bill to Give Tax Break to Small Businesses and Entrepreneurs
May 6th, 2025 by U.S. Sen. Tammy BaldwinBill increases startup tax deduction to $50,000 to give more small businesses the opportunity to grow and combat increasing cost of starting a company
