Senate confirmation of Neil Barofsky to be special inspector general of
the Troubled Asset Relief Program is being delayed by resistance from
at least one Republican senator. Senate Banking Committee Chairman
Chris Dodd, D-Conn., revealed Friday that a "hold" has been placed on
Barofsky's confirmation by at least one senator. Senate rules allow any
individual to block a vote on confirmation to a federal post for any
reason. The identity of the lawmaker placing the hold is not made
public, although it sometimes leaks out or is revealed by the senator
placing the hold. Dodd did say that all Democratic senators have
approved Barofsky's hiring.
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President Bush nominated Barofsky Monday, and Dodd's committee
voted to approve the posting two days later. "Mr. Barofsky's testimony
this week demonstrated that he has the experience and sound judgment
required to provide meaningful oversight of a program that is
continuously evolving to address the changing needs of the financial
system and an economy in distress," Dodd said.
The delay on a full Senate vote "is regrettable and not in the best
interest of American taxpayers. It is my sincere hope that those who
are blocking this nomination will reconsider their actions and confirm
Mr. Barofsky at the earliest opportunity."
Barofsky is an assistant U.S. attorney in New York's southern district. -
Bill McConnell
