Pat Toomey, a Republican member of the U.S. Senate Banking Committee, is attempting to pressure the nominee to head the Office of the Comptroller of the Currency (OCC) into handing over her 1989 university honors thesis about Karl Marx.
The Biden administration formally nominated Kazakh-born attorney Saule Omarova — who has been characterized by critics as both anti-bank and anti-crypto — to head the financial regulator on Sept. 29. In vague echoes of McCarthyism, Toomey believes the thesis may show that Omarova has sympathies toward Marxist views.