To date, there has been surprisingly little hard data on the time taken for independent financial regulators to be nominated and confirmed. Through this paper, the Bipartisan Policy Center seeks to provide a factual baseline for America’s recent experience in this process.
It has taken an average of 240 days and a median of 134 days for presidents to decide on a nominee for an independent financial regulatory position. The Senate has taken an average of 137 days and a median of 90 days to resolve a nomination. Measured from vacancy or term expiration, the average independent financial regulatory position has taken just over a year to fill.