WASHINGTON (11/2/11)--Cyrus Amir-Mokri was confirmed by the U.S Senate this week to serve as the U.S. Treasury Departments assistant secretary for financial institutions, a post that makes him responsible for developing and coordinating the Treasury's policies on legislative and regulatory issues affecting financial institutions.
Credit Union National Association (CUNA) President/CEO Bill Cheney has requested a meeting with Amir-Mokri, who succeeds Michael Barr who left the agency in January of this year. Cheney congratulated Amir-Mokri on his confirmation and pointed out that his position is one of the most important for credit unions in terms of public policy.
President Barack Obama nominated Amir-Mokri in early September. As Assistant Secretary for Financial Institutions, Amir-Mokri will develop and coordinate Treasury's policies on legislative and regulatory issues affecting financial institutions. Treasury Secretary Timothy Geithner on Tuesday said Amir-Mokri will be a valuable asset at Treasury as the department continues to implement Dodd-Frank Act reforms and moves forward with other key initiatives.
CUNA works closely with Treasury officials in this position, pursuing issues such as increasing the credit union member business lending cap and supplemental capital. CUNA General Counsel Eric Richard said Amir-Mokri has impressive credentials, and added that one of CUNA's first objectives will be to provide Amir-Mokri with background on the importance of credit unions. "We hope to meet with him as soon as his schedule permits," said CUNA Deputy General Counsel Mary Dunn.
Amir-Mokri recently served as senior counsel to the Commodity Futures Trading Commission (CFTC) chairman and served as that agency's deputy representative to the Financial Stability Oversight Council.
The Wall St. Journal reported that Amir-Mokri helped write portions of the Dodd-Frank Wall Street Reform Act that focused on derivatives regulations. The Tehran, Iran-born Amir-Mokri has also worked in the United States Court of Appeals for the First Circuit, and received his law degree from the University of Chicago Law School. He also holds a Ph.D. in History from the University of Chicago and an A.B. in Biochemistry from Harvard College, according to an administration release.