Garrett, Onetime Ex-Im Bank Nominee, Lands at SEC

Stay up-to-date with the latest developments in securities law through access to both news and all statutes and regulations. Find relevant corporate filings through a searchable EDGAR database. And...

By Andrew Ramonas

Former Rep. Scott Garrett (R-N.J.), whose nomination to lead the Export-Import Bank was rejected by senators last year, is now at the SEC.

Garrett was hired as a “general attorney” in the Securities and Exchange Commission’s Office of the General Counsel, according to agency records Bloomberg Law obtained April 30 through the Freedom of Information Act. He started March 5.

His responsibilities at the commission are unclear. An SEC spokesman didn’t have an immediate comment.

The Wall Street Journal reported in February that Garrett planned to take a “senior role” at the agency, advising SEC Chairman Jay Clayton.

Garrett, a founder of the Tea Party-aligned Freedom Caucus, was chairman of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises before he left Congress following an unsuccessful reelection bid in 2016. In the House, he fought to curb financial regulators’ power.

He was floated as a possible candidate to lead the SEC before President Donald Trump nominated him to head the Ex-Im Bank, according to Bloomberg. His Ex-Im Bank nomination didn’t reach the full Senate for consideration after the Senate Banking Committee opposed it in December.

To contact the reporter on this story: Andrew Ramonas in Washington at

To contact the editor responsible for this story: Seth Stern at

Copyright © 2018 The Bureau of National Affairs, Inc. All Rights Reserved.

Request Securities & Capital Markets on Bloomberg Law