Congressional Republicans Prepared to Support Impeachment of SEC Chair Gensler

Republican House members began lining up behind an impeachment effort to remove SEC Chair Gary Gensler.

McCarthy said there is a growing consensus that we must hold Gensler accountable.

Al Jazeera

The Financial Services Committee was scheduled to vote on the impeachment resolution the following week.

Republicans had to unify a fractious caucus featuring divergent views on impeachment.

Some members worried the effort might distract from other economic issues.

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Democrats framed the move as an attack on an independent regulator enforcing laws passed by Congress.

The move signaled a broader Republican backlash against the SEC's assertive stance.

It raised questions about using impeachment as a tool of policy enforcement.

Removal is difficult, requiring a majority vote and a potential Senate trial.