Appearing before a House Financial Services subcommittee, Securities and Exchange Committee Chairman Jay Clayton sought to deflect Democrats’ questions about his selection for the job and the circumstances under which Berman was removed over the weekend, characterizing the Senate confirmation process as “way down the road.” But when pressed by Rep. Carolyn B. Maloney (D-N.Y.) to “commit, right here, to recusing yourself” from matters in which the president has a personal stake, Clayton demurred
“What I will commit to do, which is what I commit to in my current job, is to approach the job with independence and to follow all ethical rules,” Clayton responded. Continue reading.