Michael Piwowar

Michael Piwowar is a former American federal government official who served as a Commissioner on the Securities and Exchange Commission from 2013 until 2018.^[1]

Michael Piwowar
Acting Chair of the Securities and Exchange Commission
In office January 20, 2017 – May 4, 2017
President	Donald Trump
Preceded by	Mary Jo White
Succeeded by	Jay Clayton
Commissioner of the Securities and Exchange Commission
In office August 15, 2013 – July 7, 2018
President	Barack Obama Donald Trump
Preceded by	Mary Jo White
Succeeded by	Elad L. Roisman
Personal details
Political party	Republican
Education	Pennsylvania State University, University Park (BA, PhD) Georgetown University (MBA)

Education

Piwowar earned a Bachelor of Arts in foreign service and international politics from Pennsylvania State University, Master of Business Administration from Georgetown University, and PhD in finance from Pennsylvania State University.^[2]

Career

In 2014, Piwowar was one of only three Ph.D. economists to serve as an SEC commissioner, a rarity for a position normally given to lawyers.^[3] After graduating with a Ph.D. from Penn State University, Piwowar taught at Iowa State University. In 2008 and 2009, Piwowar served in the president's Council of Economic Advisers. Then he moved to the Senate, where he was a staffer for Republican senators Mike Crapo and Richard Shelby. Like his Democratic colleague at the SEC, Kara Stein, who was also a Senate staffer, Piwowar helped write the 2010 Dodd–Frank Act.

During his time at the SEC, Piwowar joined with his colleague and senior Republican Daniel Gallagher in dissenting to some of the agency's rules and enforcement actions.^[4] Piwowar has asked to observe meetings of Washington's super-regulator, the Financial Stability Oversight Council (FSOC), and criticized it as an "unaccountable capital markets death panel" that lacks transparency.^[5][6]

References

1. "President Obama Announces More Key Administration Posts". whitehouse.gov. 23 May 2013. Retrieved 26 April 2015 – via National Archives.
2. "SEC.gov | Michael S. Piwowar". www.sec.gov. Retrieved 2020-06-21.
3. Piwowar, Michael (2014-10-14). "Remarks to the Securities Enforcement Forum 2014". sec.gov. Retrieved 26 April 2015.
4. "Dissenting From an SEC Windfall For Lawyers". The Wall Street Journal. November 10, 2014. Retrieved 26 April 2015.
5. ElBoghdady, Dina (January 27, 2014). "SEC's turf threatened, Commissioner Michael Piwowar says". The Washington Post. Retrieved 26 April 2015.
6. Piwowar, Michael (July 15, 2014). "Remarks at AEI Conference on Financial Stability". Retrieved 26 April 2015.

Political offices
Preceded by Mary Jo White	Chair of the Securities and Exchange Commission Acting 2017	Succeeded by Jay Clayton