President Donald Trump tapped Russ Vought to serve as deputy director of the Office of Management and Budget, where he will serve under Director Mick Mulvaney, who has a strong background in housing finance, serving on both the House Financial Services Committee as well as the House Oversight and Government Reform Committee.
Vought was formerly vice president at Heritage Action, a grassroots conservative group. According to a statement from Heritage Action, before joining the organization, Vought spent 12 years on Capitol Hill, in both the House of Representatives and the Senate.
It added that he also served as policy director for the House Republican Conference, chaired by then-Representative Mike Pence.
“President Trump made an excellent decision in nominating Russ Vought, one of the most talented conservatives in Washington, D.C. to be Deputy Director of the Office of Management and Budget. Budgets are expressions of priorities, and the American people should know that a principled, courageous leader will be heavily involved in translating the administration’s priorities into conservative budgets. We are grateful for Russ’s willingness to return to public service and are confident America will be a better nation as a result,” said Heritage Action CEO Michael A. Needham
Financial Services Chairman Jeb Hensarling, R-Texas, also posted a congratulatory tweet on Vought’s appointment, along with this statement:
“President Trump has made an outstanding selection in tapping Russ Vought to be Deputy Director of the Office of Management and budget. Russ has long been recognized as one of the sharpest policy minds in the conservative movement, particularly in fiscal matters. For many years, Russ was one of my key aides and my right hand man at the Republican Study Committee when I had the privilege of chairing that conservative caucus in the House. I can’t think of anyone more qualified to help Director Mulvaney execute President Trump’s agenda at OMB. I have every confidence that as a team they will work with our President and Congress to put our nation onto a sustainable fiscal path so that we can keep future generations from drowning in a sea of red ink.”
The Office of Management and Budget has been brought up a lot under the Trump administration since President Donald Trump has put a lot of focus on cutting back regulation, with the Mulvaney in charge of making sure it happens.
Now with Vought, the two will be tasked with reducing regulation controlling regulatory costs and more, so expect to see their names pop up a lot more in housing finance news.