Michael Piwowar is a former American federal government official who served as a Commissioner on the

Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

from 2013 until 2018.

Education

Piwowar earned a Bachelor of Arts in foreign service and international politics from

Pennsylvania State University The Pennsylvania State University (Penn State or PSU) is a Public university, public Commonwealth System of Higher Education, state-related Land-grant university, land-grant research university with campuses and facilities throughout Pennsylvan ...

Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

from

Georgetown University Georgetown University is a private university, private research university in the Georgetown (Washington, D.C.), Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789 as Georg ...

, and PhD in finance from

Career

In 2014, Piwowar was one of only three Ph.D. economists to serve as an SEC commissioner, a rarity for a position normally given to lawyers. After graduating with a Ph.D. from

Penn State University The Pennsylvania State University (Penn State or PSU) is a public state-related land-grant research university with campuses and facilities throughout Pennsylvania. Founded in 1855 as the Farmers' High School of Pennsylvania, Penn State became ...

, Piwowar taught at

Iowa State University Iowa State University of Science and Technology (Iowa State University, Iowa State, or ISU) is a public land-grant research university in Ames, Iowa. Founded in 1858 as the Iowa Agricultural College and Model Farm, Iowa State became one of the n ...

. In 2008 and 2009, Piwowar served in the president's

Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical resea ...

. Then he moved to the Senate, where he was a staffer for Republican senators Mike Crapo and

Richard Shelby Richard Craig Shelby (born May 6, 1934) is an American lawyer and politician serving as the senior United States senator from Alabama. First elected to the U.S. Senate in 1986 as a Democrat who later switched to the Republican Party in 1994, h ...

. Like his Democratic colleague at the SEC, Kara Stein, who was also a Senate staffer, Piwowar helped write the 2010 Dodd–Frank Act. During his time at the SEC, Piwowar joined with his colleague and senior Republican Daniel Gallagher in dissenting to some of the agency's rules and enforcement actions. Piwowar has asked to observe meetings of Washington's super-regulator, the Financial Stability Oversight Council (FSOC), and criticized it as an "unaccountable capital markets death panel" that lacks transparency.

References

{{DEFAULTSORT:Piwowar, Michael Living people Members of the U.S. Securities and Exchange Commission Place of birth missing (living people) Year of birth missing (living people) Trump administration personnel Obama administration personnel