(Jan. 28, 2022) A vote by the full Senate is the next stop on the journey of the nomination of Todd Harper to be confirmed for another term on the NCUA Board as chairman. No date has been yet set for a vote.
The Senate Banking Committee voted 17-7 last week to recommend Harper’s confirmation to the full Senate. It was one of 12 votes that the committee took last week on nominations by President Joe Biden (D)
Harper joined the NCUA Board in 2019 to fill an unexpired term and was designated chairman in January 2021 by Biden, succeeding Rodney Hood (R). If confirmed, Harper would have a board term that continues through April 10, 2027. The current term of Vice Chairman Kyle Hauptman ends in August 2025; the current term of Board Member Rodney Hood in August 2023.
The Federal Credit Union Act generally provides that NCUA Board members may not be appointed to succeed themselves, but the act also notes that someone appointed to fill an unexpired term may be reappointed for a full six-year term.
As NCUA Board chairman, Harper serves on and is now also the chair of the FFIEC.