May 13 2003

HEARING ON PENDING NOMINATIONS
STATEMENT OF SEN. RICHARD SHELBY

“The Committee will come to order. We have several nominees this morning. I appreciate the willingness of the nominees to appear before the Committee today. We will take them in three panels.”

“Our first panel will be Mr. Nicholas Gregory Mankiw, nominated to be a Member of the President’s Council of Economic Advisors. The Council of Economic Advisors, established by the Employment Act of 1946, provides the President with economic analysis and advice on the development and implementation of domestic and international policy issues.”

“Mr. Mankiw mostly recently held the Allie S. Freed Professorship in Economics at Harvard University, where he has spent the majority of his professional career. I will note Professor Mankiw’s previous experience at the Council of Economic Advisors. He served two decades ago as a Staff Economist on the Council. Dr. Mankiw is also a research associate with the National Bureau of Economic Research, an advisor to the Federal Reserve Bank of Boston and the Congressional Budget Office. He is a graduate of Princeton University and earned his Ph.D. from M.I.T.”

“Our second panel is Mr. Steven Nesmith, nominated to be Assistant Secretary for Congressional and Intergovernmental Relations at the U.S. Department of Housing and Urban Development. Mr. Nesmith most recently served in the Office of Congressional and Intergovernmental Affairs at the U.S. Department of Commerce’s Economic Development Administration. Perhaps, more importantly, Mr. Nesmith was recognized by the Washington, DC Basketball Hall of Fame during his senior year at American University.”

“Our third panel will include Mr. Jose Teran, Mr. James Broaddus, Mr. Lane Carson, Mr. Morgan Edwards and Mr. Paul Pate. All are nominees to the Board of Directors of National Institute of Building Sciences. The National Institute of Building Sciences has the mission of improving the building regulatory environment; facilitating the introduction of new and existing products and technology into the building process; and disseminating nationally recognized technical and regulatory information.”