Statement on Executive Session for Treasury and HHS Nominations

Senate Finance Committee Evaluates Key Nominees Amid Regulatory Reform Discussions

Washington, D.C. — July 31, 2025 – In a pivotal session held today, Senate Finance Committee Chairman Mike Crapo (R-Idaho) addressed the committee regarding the nominations of Jonathan McKernan for the role of Under Secretary of the Treasury for Domestic Finance and Dr. Alex Adams as Assistant Secretary for Family Support at the U.S. Department of Health and Human Services (HHS). This meeting marks a significant juncture in the ongoing efforts to shape American fiscal and social welfare policies.

Chairman Crapo opened the session by emphasizing the importance of thoughtful regulatory measures, which he argued are essential for both financial institutions and the citizens they serve. McKernan’s nomination is particularly noteworthy as he has committed to leveraging the Office of Domestic Finance’s extensive authority to cultivate a more balanced and effective regulatory framework. During his confirmation hearing, McKernan outlined his vision for aligning regulations with tangible risks instead of abstract policy goals, a strategy he believes will foster stability in the financial system. If confirmed, he aims to collaborate closely with committee members to implement these necessary reforms.

The committee’s consideration of Dr. Alex Adams is equally crucial, given his background as Director of the Idaho Department of Health and Welfare. Adams has articulated a vision for federal policies that empower parents and reinforce their capacity to make decisions in the best interest of their children. This aligns with current legislative interests in promoting state-level solutions while addressing the needs of vulnerable populations. His experience and insights into state programs position him uniquely to enhance the operational effectiveness of the Administration for Children and Families at HHS.

Following Chairman Crapo’s introductory remarks, a brief recess allowed committee members to prepare for a nominations hearing where they could express their views and questions regarding the nominees. A subsequent vote on McKernan’s and Adams’ nominations will be scheduled later today, highlighting the urgency and importance of their potential roles in the federal government.

Additionally, Crapo took a moment to honor Bob Becker, who is retiring after 34 years of service with the Senate Recording Studio. Becker has been recognized as a pivotal figure in the studio’s operations, and his departure marks the end of an era.

As the nominations process unfolds, the implications of these appointments resonate beyond the individual nominees, reflecting broader themes of financial stability and the role of federal policy in supporting families across the nation. The outcomes of today’s discussions may have lasting effects on both economic policy and social welfare.