GOP pushes new SEC head on JOBS Act regulations

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The letter was signed by House Majority Whip Kevin McCarthy (Calif.), Rep. Patrick McHenry (N.C.), and Sens. Pat Toomey (Pa.) and John ThuneJohn Randolph ThunePoll: 8 in 10 people in key states concerned about driverless cars Hillicon Valley: Mnuchin urges antitrust review of tech | Progressives want to break up Facebook | Classified election security briefing set for Tuesday | Tech CEOs face pressure to appear before Congress Senate GOP urges Trump administration to work closely with Congress on NAFTA MORE (S.D.), who is chairman of the Senate Republican Conference.

Republicans had long-held gripes against White's predecessor, Mary Schapiro, as they accused her of deliberately slow-walking implementation of the law, which was enacted more than a year ago. Schapiro aired concerns about the measure before its passage, warning that some of the provisions could remove key investor protections.

White has emphasized that investor protections should be a critical piece of any rules implementing the law, but also said during her confirmation hearing that getting the JOBS Act in place would be a top priority for her as chairman, alongside the Dodd-Frank financial reform law.

"The SEC needs to get the rules right, but it also needs to get them done," she told the Senate Banking Committee. "To complete these legislative mandates expeditiously must be an immediate imperative for the SEC."