Senate Majority Leader Reid to hold vote on CFPB’s Cordray confirmation

Harry Reid

Harry Reid

Senate Majority Leader Harry Reid (D-Nev.) recently said that he plans to hold a vote next week on CFPB Director Richard Cordray’s nomination to the position.

Reid has sought to make changes to Senate filibuster rules, though he said he will not seek to move forward on the issue until Cordray gets a vote.

“I’m going to make sure he’s going to have a vote next week, and then we’ll see what happens after that,” Reid said, according to TPM. “I’m looking at this very closely…We’re going to fill that job. Cordray is there now. He’s going to get a vote.”

President Obama nominated Cordray for the second time to serve a five-year term as the CFPB’s director. Republicans have vowed to block his confirmation until key changes are made to the agency, including the placement of its budget under the congressional appropriations process and the replacement of Cordray with a bipartisan, five-member board.

Cordray will need 60 affirmative votes to avoid filibuster, and capital sources said Reid could seek to revise filibuster rules if Republicans make good on their promise.

“Whether it’s Jeb Bush or Hillary Clinton that’s the next president, I don’t think they should have to go through what we’ve gone through here,” Reid said, TPM reports. “People better watch.”

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