House Financial Services Committee Chairman Jeb Hensarling on Wednesday expressed support for Steven Mnuchin after President-elect Donald Trump said he intends to nominate his former campaign finance director for Treasury secretary.
“I look forward to meeting with him, look forward to working with him,” the Texas Republican told Morning Consult in a brief interview, adding that he supports Trump’s Cabinet decisions.
Hensarling, who was floated as a candidate for the Treasury post, was gracious about being a runner-up. “Listen, I was going to have a great position in public policy regardless of what happened,” he said.
Remaining on Capitol Hill means Hensarling will be better positioned to tackle legislative efforts to strip out key parts of the 2010 Dodd-Frank law. And while changing Dodd-Frank is Hensarling’s passion, it’s a second-tier priority for the incoming Trump administration, which is prioritizing tax reform and repealing Obamacare.