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Former Representative Scott Garrett Heading for the Securities and Exchange Commission

House Budget Panel Holds Hearing to Receive  Views on Fiscal 2012

February 11,2018

the staff of the Ridgewood blog

Ridgewood NJ, Former Representative Scott Garrett, the New Jersey Republican whose bid to become chairman of the Export-Import Bank failed last year after the Senate Banking Committee rejected his nomination, to lead the agency that Garrett had criticized for corrupt practices and cronyism.

The former Representative has been tapped to work as a senior adviser to Securities and Exchange Commission Chairman Jay Clayton, according to unnamed sources at the SEC. While he was a lawmaker, Garrett was also a critic of the SEC after it dropped the ball in 2008 and served as chairman of the House Financial Services subcommittee on capital markets.

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