Secretary of the Treasury Scott Bessent has announced President Trump’s intention to nominate Jonathan McKernan for the position of Undersecretary of Domestic Finance at the U.S. Department of the Treasury.
McKernan, who has been serving as an advisor at the Treasury Department while awaiting Senate confirmation to lead the Bureau of Consumer Financial Protection, is recognized as a key member of Secretary Bessent’s senior team. His ongoing role at the Treasury aims to leverage his experience and expertise in support of the President’s America First agenda.
McKernan’s background includes service on the Board of Directors of the Federal Deposit Insurance Corporation and holding senior positions at both the Federal Housing Finance Agency and within the U.S. Senate. Prior to his government roles, he worked as an attorney specializing in banking and consumer finance laws.
