The U.S. Senate Banking Committee approved Mary Jo White's nomination to lead the Securities and Exchange Commission on a bipartisan vote, clearing her way to become the first ex-prosecutor to lead the agency, Bloomberg News reported yesterday. The committee voted 21-1 yesterday to send White's nomination to the full Senate with unanimous support from the Republican members. The full Senate probably will vote this week on White's appointment. If approved, she would serve the remaining 14 months of a term vacated by Mary Schapiro, who stepped down as SEC chairman in December. The term runs through June 5, 2014.
