WASHINGTON (5/22/13)--A Senate confirmation vote for Consumer Financial Protection Bureau Director Richard Cordray will not be held until after the upcoming U.S. Congress recess, several outlets reported on Tuesday.
Sen. Harry Reid (D-Nev.) told reporters of the delay on Tuesday afternoon. Members of Congress are scheduled to leave Washington at the end of this week for the Memorial Day district work period. They are set to return on June 3.
The Senate Banking Committee in March approved Cordray's nomination by a 12 to 10 vote, moving the nomination on to the full Senate.
Cordray's nomination passed the committee in 2011, but ultimately failed to get a vote in the Senate. President Barack Obama appointed Cordray to the CFPB director position during a brief congressional recess in 2012, and Cordray's term as director would end this year if he is not confirmed.
Many Senate Republicans have consistently said they would block any CFPB nominee if certain structural changes were not made to the agency makeup.