Kleinheinz Fellow, The Hoover Institution at Stanford University
Tyler Goodspeed is the Kleinheinz Fellow at the Hoover Institution at Stanford University. From 2020 to 2021 he served as Chairman of the Council of Economic Advisers, having been appointed by the President as a Member of the Council in 2019. In that role he advised the Administration’s economic response to the coronavirus pandemic, as well as subsequent economic recovery packages. He resigned from the Council on 7th January 2021, having previously served as Chief Economist for Macroeconomic Policy and Senior Economist for tax, public finance, and macroeconomics, playing an instrumental role in designing the 2017 Tax Cuts and Jobs Act.
Before joining the Council, Dr. Goodspeed was on the Faculty of Economics at the University of Oxford and was a lecturer in economics at King’s College London. He has published extensively on financial regulation, banking, and monetary economics, with particular attention to the role of access to credit in mitigating the effects of adverse aggregate shocks in historical contexts, especially exogenous environmental shocks. His research has appeared in three full-length monographs from academic presses, as well as numerous articles in peer-reviewed and edited journals. He received his B.A., M.A., and Ph.D. from Harvard University; and he received his M.Phil from the University of Cambridge, where he was a Gates Scholar. He is a current member of the American Economic Association and Economic History Association, and was previously a member of the Economic History Society and Royal Economic Society, as well as an adjunct scholar at the Cato Institute.
Partner, Davis Polk & Wardwell LLP
Mr. Guynn is head of Davis Polk’s Financial Institutions Group. He has been recognized as a thought-leader on financial regulatory reform and as one of the most widely consulted U.S. legal advisers during the financial crisis. See “In the Red Zone,”The American Lawyer, January 2009 and “For Davis Polk, Dodd-Frank Pays,” The American Lawyer, December 2010.
He has advised the Securities Industry and Financial Markets Association (SIFMA), the principal trade organization for U.S. banks, securities firms and asset managers, all of the U.S.’s six-largest banks and several foreign banks on the Dodd-Frank Act and its regulatory implementation.
His practice focuses on providing strategic bank and regulatory and enforcement advice and advising on M&A and capital markets transactions when the target or issuer is a banking organization or other financial institution. He also advises on bank failures and recapitalizations, corporate governance and internal controls, cross-border collateral transactions, credit risk management, securities settlement systems and payment systems.
Fellow in Economic Studies and Policy Director, Center on Regulation and Markets, Brookings Institution
Aaron Klein is a fellow in Economic Studies at the Brookings Institution, where he also serves as policy director of the Center on Regulation and Markets. He focuses on financial regulation and technology, macroeconomics, and infrastructure finance and policy. Previously, Klein directed the Bipartisan Policy Center’s Financial Regulatory Reform Initiative. Klein served as Deputy Assistant Secretary for Economic Policy at the U.S. Treasury Department from 2009-2012. While at Treasury, Klein worked on multiple issues ranging from implementing aspects of the financial recovery program to developing new policy for financial regulation, housing finance, transportation and infrastructure, and Native American issues.
Prior to his appointment, he served as Chief Economist of the Senate Banking, Housing and Urban Affairs Committee for Chairmen Chris Dodd (D-CT) and Paul Sarbanes (D-MD). While working in the Senate Klein played a key role in a series of major legislation including, the Economic Emergency Stabilization Act of 2008 (better known as TARP), the Housing and Economic Recovery Act of 2008, the SAFETEA Act of 2005 that re-wrote America's surface transportation policy, the Check Truncation Act of 2003, the Terrorism Risk Insurance Act of 2002, and the Sarbanes-Oxley Act of 2002. A graduate of Dartmouth College and Princeton University, Klein lives in his hometown of Silver Spring, MD with his wife and two daughters.
Vice President of Regulatory Affairs, Solidus Labs; Former Director, Consumer Financial Protection Bureau
The Honorable Kathleen L. Kraninger is the Vice President of Regulatory Affairs at Solidus Labs where she leads the firm’s regulatory strategy and works to advance market integrity and responsible innovation in digital asset markets. Solidus Labs is the first automated, comprehensive, and testable market surveillance and risk monitoring hub tailored for digital assets.
Previously, she served as the Senate-confirmed Director of the Consumer Financial Protection Bureau from December 2018 until January 2021, leading the 1,500-person independent, regulatory and law enforcement agency. She made her mark on all aspects of the agency’s mission and operations, particularly in facilitating innovation, promoting financial inclusion and leading through the economic uncertainty of the global pandemic. In addition, Kraninger served on the board of the Federal Deposit Insurance Corporation, the Financial Stability Oversight Board, and as chair of the Federal Financial Institutions Examinations Council.
Her distinguished public sector career spans senior roles at the Departments of Transportation and Homeland Security, the Office of Management and Budget, and in both the Senate and the House of Representatives. Kraninger graduated magna cum laude from Marquette University and earned a law degree from Georgetown University Law Center. She served as a U.S. Peace Corps Volunteer in Ukraine.
Partner, Mayer Brown
Andrew Olmem is a partner in Mayer Brown’s Washington DC office and a member of its Public Policy, Regulatory & Government Affairs, and Financial Services Regulatory & Enforcement practices. His practice focuses on complex financial services regulatory and public policy matters.
Andrew previously served as the Deputy Assistant to the President for Economic Policy and Deputy Director of the National Economic Council (NEC), where he oversaw the development and coordination of the administrations’ domestic economic policies, including for financial services, technology, telecom, energy, and infrastructure.
Earlier, he also served as the Republican Chief Counsel and Deputy Staff Director at the U.S. Senate Committee on Banking, Housing and Urban Affairs. Andrew began his legal career practicing corporate and securities law at Mayer Brown in New York City. Prior to attending law school, he served as an Assistant Economist at the Federal Reserve Bank of Richmond.
Kleinheinz Fellow, The Hoover Institution at Stanford University
Tyler Goodspeed is the Kleinheinz Fellow at the Hoover Institution at Stanford University. From 2020 to 2021 he served as Chairman of the Council of Economic Advisers, having been appointed by the President as a Member of the Council in 2019. In that role he advised the Administration’s economic response to the coronavirus pandemic, as well as subsequent economic recovery packages. He resigned from the Council on 7th January 2021, having previously served as Chief Economist for Macroeconomic Policy and Senior Economist for tax, public finance, and macroeconomics, playing an instrumental role in designing the 2017 Tax Cuts and Jobs Act.
Before joining the Council, Dr. Goodspeed was on the Faculty of Economics at the University of Oxford and was a lecturer in economics at King’s College London. He has published extensively on financial regulation, banking, and monetary economics, with particular attention to the role of access to credit in mitigating the effects of adverse aggregate shocks in historical contexts, especially exogenous environmental shocks. His research has appeared in three full-length monographs from academic presses, as well as numerous articles in peer-reviewed and edited journals. He received his B.A., M.A., and Ph.D. from Harvard University; and he received his M.Phil from the University of Cambridge, where he was a Gates Scholar. He is a current member of the American Economic Association and Economic History Association, and was previously a member of the Economic History Society and Royal Economic Society, as well as an adjunct scholar at the Cato Institute.
Partner, Davis Polk & Wardwell LLP
Mr. Guynn is head of Davis Polk’s Financial Institutions Group. He has been recognized as a thought-leader on financial regulatory reform and as one of the most widely consulted U.S. legal advisers during the financial crisis. See “In the Red Zone,”The American Lawyer, January 2009 and “For Davis Polk, Dodd-Frank Pays,” The American Lawyer, December 2010.
He has advised the Securities Industry and Financial Markets Association (SIFMA), the principal trade organization for U.S. banks, securities firms and asset managers, all of the U.S.’s six-largest banks and several foreign banks on the Dodd-Frank Act and its regulatory implementation.
His practice focuses on providing strategic bank and regulatory and enforcement advice and advising on M&A and capital markets transactions when the target or issuer is a banking organization or other financial institution. He also advises on bank failures and recapitalizations, corporate governance and internal controls, cross-border collateral transactions, credit risk management, securities settlement systems and payment systems.
Fellow in Economic Studies and Policy Director, Center on Regulation and Markets, Brookings Institution
Aaron Klein is a fellow in Economic Studies at the Brookings Institution, where he also serves as policy director of the Center on Regulation and Markets. He focuses on financial regulation and technology, macroeconomics, and infrastructure finance and policy. Previously, Klein directed the Bipartisan Policy Center’s Financial Regulatory Reform Initiative. Klein served as Deputy Assistant Secretary for Economic Policy at the U.S. Treasury Department from 2009-2012. While at Treasury, Klein worked on multiple issues ranging from implementing aspects of the financial recovery program to developing new policy for financial regulation, housing finance, transportation and infrastructure, and Native American issues.
Prior to his appointment, he served as Chief Economist of the Senate Banking, Housing and Urban Affairs Committee for Chairmen Chris Dodd (D-CT) and Paul Sarbanes (D-MD). While working in the Senate Klein played a key role in a series of major legislation including, the Economic Emergency Stabilization Act of 2008 (better known as TARP), the Housing and Economic Recovery Act of 2008, the SAFETEA Act of 2005 that re-wrote America's surface transportation policy, the Check Truncation Act of 2003, the Terrorism Risk Insurance Act of 2002, and the Sarbanes-Oxley Act of 2002. A graduate of Dartmouth College and Princeton University, Klein lives in his hometown of Silver Spring, MD with his wife and two daughters.
Vice President of Regulatory Affairs, Solidus Labs; Former Director, Consumer Financial Protection Bureau
The Honorable Kathleen L. Kraninger is the Vice President of Regulatory Affairs at Solidus Labs where she leads the firm’s regulatory strategy and works to advance market integrity and responsible innovation in digital asset markets. Solidus Labs is the first automated, comprehensive, and testable market surveillance and risk monitoring hub tailored for digital assets.
Previously, she served as the Senate-confirmed Director of the Consumer Financial Protection Bureau from December 2018 until January 2021, leading the 1,500-person independent, regulatory and law enforcement agency. She made her mark on all aspects of the agency’s mission and operations, particularly in facilitating innovation, promoting financial inclusion and leading through the economic uncertainty of the global pandemic. In addition, Kraninger served on the board of the Federal Deposit Insurance Corporation, the Financial Stability Oversight Board, and as chair of the Federal Financial Institutions Examinations Council.
Her distinguished public sector career spans senior roles at the Departments of Transportation and Homeland Security, the Office of Management and Budget, and in both the Senate and the House of Representatives. Kraninger graduated magna cum laude from Marquette University and earned a law degree from Georgetown University Law Center. She served as a U.S. Peace Corps Volunteer in Ukraine.
Partner, Mayer Brown
Andrew Olmem is a partner in Mayer Brown’s Washington DC office and a member of its Public Policy, Regulatory & Government Affairs, and Financial Services Regulatory & Enforcement practices. His practice focuses on complex financial services regulatory and public policy matters.
Andrew previously served as the Deputy Assistant to the President for Economic Policy and Deputy Director of the National Economic Council (NEC), where he oversaw the development and coordination of the administrations’ domestic economic policies, including for financial services, technology, telecom, energy, and infrastructure.
Earlier, he also served as the Republican Chief Counsel and Deputy Staff Director at the U.S. Senate Committee on Banking, Housing and Urban Affairs. Andrew began his legal career practicing corporate and securities law at Mayer Brown in New York City. Prior to attending law school, he served as an Assistant Economist at the Federal Reserve Bank of Richmond.
Retired, Winston & Strawn LLP
Jerry Loeser is of counsel in the Chicago office of Winston & Strawn, and his practice focuses on banking regulation. He has extensive experience in counseling financial services clients on, among other things, bank acquisitions, privacy, financial modernization, the USA PATRIOT Act, Basel II and III, lending limits, capital, trust, affiliate transactions, and Federal Reserve, OCC, FDIC, and CFPB regulations.
Prior to working at large corporate law firms, Jerry was chief regulatory and compliance counsel for Comerica Bank, where he also served as senior vice president and deputy general counsel and as general counsel of its retail bank division. Before that, he served as chief regulatory in-house counsel at Wells Fargo & Co. Jerry began his legal career advising the Board of Governors of the Federal Reserve System in Washington, D.C.
United States Senator, Texas
Ted Cruz represents 28 million Texans in the U.S. Senate as a passionate fighter for limited government and economic growth. He has authored 39 legislative measures signed into law. Recent victories include expanding 529 college savings accounts to allow parents to save for K–12 public, private, and religious education, leading the effort to repeal Obamacare’s individual mandate, imposing sanctions on terrorists who use civilians as human shields, designating North Korea as a state sponsor of terrorism, reauthorizing and reforming NASA, ensuring the availability of additional records to help solve civil rights cold cases, supporting thousands of Texas jobs, and leading the fight to confirm principled constitutionalists to our courts.
Senator Cruz is a graduate of Princeton University and Harvard Law School, a former law clerk to Chief Justice William Rehnquist, and former solicitor general of Texas. He has argued nine cases before the Supreme Court. In November of 2018, he was re-elected to the Senate by the people of Texas.
Chief Political Correspondent and Senior Writer, News.com
Vice President & General Counsel, Google
President, The Free State Foundation
Randolph J. May is Founder and President of The Free State Foundation. The Free State Foundation is an independent, non-profit free market-oriented think tank founded in 2006.
From October 1999-May 2006, May was a Senior Fellow and Director of Communications Policy Studies at The Progress & Freedom Foundation, a Washington, DC-based think tank. Prior to joining PFF, he practiced communications, administrative, and regulatory law as a partner at major national law firms. From 1978 to 1981, May served as Assistant General Counsel and Associate General Counsel at the Federal Communication Commission.
May has held numerous leadership positions in bar associations. He is a past Chair of the American Bar Association’s Section of Administrative Law and Regulatory Practice. He is a Fellow of the National Academy of Public Administration. Mr. May also has served as a Public Member of the Administrative Conference of the United States and currently is a Senior Fellow at ACUS.
Mr. May has published more than two hundred articles and essays on communications, administrative and constitutional law topics. He is author of A Call for a Radical New Communications Policy: Proposals for Free Market Reform, and co-author of #CommActUpdate: A Communications Law Fit for the Digital Age and The Constitutional Foundations of Intellectual Property. Mr. May is editor of two books, Communications Law and Policy in the Digital Age: The Next Five Years and New Directions in Communications Policy. In addition, he is the co-editor of two other books, Net Neutrality or Net Neutering: Should Broadband Internet Services Be Regulated? and Communications Deregulation and FCC Reform. In the past, Mr. May has written regular columns on legal and regulatory affairs for Legal Times and the National Law Journal, leading national legal periodicals.
He received his A.B. from Duke University and his J.D. from Duke Law School, where he serves as a member of the Board of Visitors.
Professor of Law, Southern Illinois University School of Law
Professor Mark F. Schultz joined the faculty in 2003. He teaches and writes primarily in the area of intellectual property.
Professor Schultz is a frequent author and speaker known for his work on the law and economics of the global intellectual property system. In one of his most influential projects, he worked with the Organization for Economic Cooperation and Development (OECD) to construct a groundbreaking global trade secret protection index (the TSPI). The TSPI is influencing policy discussions on this cutting-edge topic in capitals around the world. Other recent projects have included an empirical study that quantified for the first time the backlogs in patent offices worldwide, a report on how patented innovation is meeting global health challenges, and the construction of a new global index of copyright strength.
Professor Schultz is an influential voice in public policy debates regarding intellectual property. He has testified before the U.S. Congress on copyright law at the invitation of the House Judiciary Committee and has briefed the staff of the U.S. Senate Judiciary Committee on trade secret legislation. He speaks frequently around the world about the connection between secure and effective intellectual property rights and flourishing national economies and individual lives, with invitations from the U.S. Patent and Trademark Office, the U.S. Trade Representative, and the U.S. Copyright Office, as well as numerous academic institutions, think tanks, and industry groups. He served as an NGO delegate to the World Intellectual Property Organization (WIPO) for several years during the WIPO Development Agenda talks. He is also one of the organizers of an ongoing multilateral diplomatic dialogue on best practices in national trade secret laws, and is co-founder of the Center for Protection of Intellectual Property (CPIP) at George Mason University in Washington, D.C.
Among the awards and recognition he has received for his scholarship was the School of Law's Outstanding Scholar of the Year award in 2008. He has been a distinguished visiting scholar at the University of Botswana and a visiting professor at DePaul University College of Law.
Professor Schultz graduated with honors from the George Washington University School of Law. Following law school, he was a judicial clerk for the Hon. Daniel M. Friedman of the United States Court of Appeals for the Federal Circuit in Washington, D.C., and the Hon. Eric G. Bruggink of the United States Court of Federal Claims. Prior to joining academia, he practiced law for a decade, serving as outside general counsel to several tech startups and helping technology companies to expand their businesses and commercialize their intellectual property in dozens of countries. He holds a B.A. in International Economics from George Washington University and has done PhD level coursework in development economics at Southern Illinois University.
He is active in leadership roles in local and national organizations. He has served as chair of the Federalist Society's Intellectual Property Practice Group and the AALS Section on Internet and Computer Law. He is an officer of the American Bar Association's International IP Committee of the International Law Section and the American Intellectual Property Law Association’s Trade Secret Law Committee. He currently is chair of the Academic Advisory Board of the Copyright Alliance.
Professor Schultz teaches Copyright Law, Trade Secret Law, Trademark Law, and a senior seminar on Intellectual Property and Global Development. He established and directs both the Specialization in Intellectual Property Law and the IP Semester in Practice Externship Program. He also co-founded a Legal Globalization Class, offered every other year, that takes students to South Africa and Botswana after spending a semester learning about the legal system, culture, history, and politics of southern Africa. The popular course is a once-in-a-lifetime experience that introduces students to leading lawyers, judges, government officials, and human rights advocates, taking them from Cape Town to Johannesburg to Gaborone as well as many popular destinations including game reserves, national parks, the Cape of Good Hope, and the Cradle of Humankind.
Topics
A Constitutional Crisis Narrowly Averted: The Biden-Harris CFPB’s Digital Payments Rule Threatened Constitutional Balance
Even after Joe Biden became a lame duck and Kamala Harris lost the 2024...
Panel 2: What Should be the Future of Financial Regulation?
Sponsored by the Financial Services & E-Commerce Practice Group
Panel 2: What Should be the Future of Financial Regulation?
Tyler Beck Goodspeed, Randall D. Guynn, Aaron Klein, Kathy Kraninger, Andrew Olmem
From the 1970’s to the passage of the Gramm-Leach-Bliley Act in 1998, financial regulation in...
Topics
Reinforcing Glass-Steagall Won't Prevent Another Financial Crisis
Federalist Society member C. Wallace DeWitt writes for the Federalist: Muddled thinking about banking is...
Changing Landscape: Thrift Holding Companies and Their New Regulator
Julius L. Loeser
The Dodd-Frank Act, effective July 21, 2011, eliminated the Office of Thrift Supervision (“OTS”) and...
Government--Friend or Foe of E-Commerce? - Transcript
Ted Cruz, Declan McCullagh, Kent Walker, Randolph May, Mark F. Schultz
This panel was presented at the Federalist Society's conference, "Fight The Future? Government Regulation and...