WASHINGTON (Reuters) – President Joe Biden’s second decide to function the highest regulatory official on the Federal Reserve will likely be questioned by the U.S. Senate Banking Committee on Might 19, in accordance with the panel’s web site.

Michael Barr, a former Treasury Division official, will subject questions from lawmakers as he seeks affirmation for the job of the Fed’s Vice Chair for Supervision.

Barr will seem alongside Jaime Lizarraga and Mark Uyeda, who Biden nominated to affix the Securities and Trade Fee.

Barr is the second particular person Biden has nominated for the job, after his earlier choice, Sarah Bloom Raskin, withdrew from consideration amid opposition from Republicans and a few reasonable Democrats.

If confirmed, Barr would take over a broad portfolio on the Fed, together with monitoring the nation’s largest banks, updating honest lending guidelines and establishing new protocols round assessing monetary danger from local weather change.