November 15, 2021
Washington, DC
Conservatives strongly oppose the confirmation of Saule Omarova to Comptroller of the Currency.
Far from an academic critic of the U.S. banking system, Omarova is a radical activist, having made clear she wants to put an “end to banking’ as we know it.” Her vision involves transferring private banking functions to the Federal Reserve, which would also be tasked with controlling prices for fuel, food, raw materials, metals, natural resources, home prices and wages.
Omarova has spoken of transforming the Federal Reserve into a central platform for “generating, modulating, and allocating financial resources in a modern economy.” She has referred to the financial sector – the industry which she would purport to regulate – in derogatory and inflammatory terms and suggested changing the legal system to address so-called “self-serving behavior.”
Such ideas are straight out of the Soviet playbook, which Omarova has both studied and hailed. It should go without saying that such practices have no place in our U.S. monetary system. Particularly at a time when monetary services have become ideologically weaponized, decentralization of the financial sector remains critical to ensuring that all Americans have access to the basic levers of capitalism.
The Biden administration appears to have nominated an outright communist to a capital markets position – a contradiction both in terms, and in governing ideology. If confirmed, Saule Omarova would seek to expand political control over the private economy and further infuse our capital markets with ideological purpose. We urge the Senate to reject her nomination.
The Honorable Edwin Meese III Attorney General President Ronald Reagan (1985-1988) |
The Honorable J. Kenneth Blackwell Chairman, Conservative Action Project (CAP) Chairman, Constitutional Congress, Inc. |
L. Brent Bozell III Founder and President Media Research Center |
The Honorable David McIntosh President Club for Growth |
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Kelly J. Shackelford, Esq. President and CEO First Liberty Institute |
Myron Ebell Director, Center for Energy and Environment Competitive Enterprise Institute |
The Honorable Kenneth T. Cuccinelli, II Chairman Election Transparency Initiative |
Jenny Beth Martin Chairman Tea Party Patriots Citizen Fund |
Alfred S. Regnery President Republic Book Publishers |
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Rachel A. Bovard Senior Director of Policy Conservative Partnership Institute (CPI) |
Virginia Thomas President Liberty Consulting |
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Ralph Benko Chairman The Capitalist League |
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Tim Macy Chairman Gun Owners of America |
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Anne Schlafly Cori Chairman Eagle Forum |
Seton Motley President Less Government |
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Khadine Ritter President Eagle Forum of Ohio |
The Honorable Diana Denman President The Reagan Legacy Forum |
Kay R. Daly President Coalition for a Fair Judiciary |
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Phil Kerpen President American Commitment |
Andresen Blom President Hawaiian Values |
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Jay Mount President MDS Communications |
Mark Fitzgibbons President of Corporate Affairs American Target Advertising |
Kielle C. Horton President The Lindsey Foundation |
Richard D. Hayes Partner Hayes, Berry, White & Vanzant, LLP |
Randy M. Long Founder Long Business Advisors, LLC |
Judson Phillips Founder Tea Party Nation |
Saulius “Saul” Anuzis President 60 Plus Association |
Lee Beaman CEO Beaman Ventures |
James L. Martin Founder/Chairman 60 Plus Association |
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