McRae Calls on Biden to Withdraw U.S. Comptroller Nomination

Treasurer David McRae has called on President Joe Biden to immediately withdraw the nomination of Saule Omarova for U.S. Comptroller of the Currency in a letter co-signed by 21 state financial officers.

“[We are] opposed to Ms. Omarova because of her radical views and have a deep concern that she would abuse her supervisory power as Comptroller to expand political control over the private banking sector, disrupting the economy,” wrote McRae and 21 state financial officers in a letter to the president. “We hereby call upon you to withdraw this nomination on the grounds that Omarova’s professed worldview is incompatible with the free market and is therefore disqualifying.”

Omarova has called for an “end to banking as we know it” by transferring private banking functions to the Federal Reserve. Additionally, the Biden nominee has seemed to support “bankrupting” energy industries as a means to tackle climate change.

The letter was issued to President Joe Biden and was signed by Arizona State Treasurer Kimberly Yee, Arkansas Treasurer of State Dennis Milligan, Florida Chief Financial Officer Jimmy Patronis, Idaho Treasurer Julie Ellsworth, Indiana Treasurer of State Kelly Mitchell, Kentucky Auditor Mike Harmon, Kentucky Treasurer Allison Ball, Louisiana Treasurer John Schroder, Mississippi Treasurer David McRae, Missouri Treasurer Scott Fitzpatrick, Nebraska Treasurer John Murante, North Carolina Treasurer Dale Folwell, CPA, North Dakota Treasurer Thomas Beadle, Pennsylvania Treasurer Stacy Garrity, South Dakota Auditor Richard Sattgast, South Dakota Treasurer Josh Haeder, Texas Comptroller Glenn Hegar, Utah Auditor John Dougall, Utah Treasurer Marlo Oaks, West Virginia Treasurer Riley Moore, Wyoming State Treasurer Curt Meier, and State Financial Officers Foundation CEO Derek Kreifels.