A key architect behind the Trump administration’s child savings accounts initiative is set to leave the Treasury Department for a private-sector role, according to reports. The move comes as the official, who has led efforts on financial policy under the current administration, prepares to transition in October. The Treasury has not yet responded to requests for comment on the departure. His exit marks another shift in financial regulatory leadership ahead of potential policy changes.
Luke Pettit, the architect of the Trump administration’s new investment accounts for children, is reportedly departing the Treasury Department for the private sector. Pettit will leave the department in October, Axios reported Tuesday. The Hill has reached out to the Treasury Department for comment. An assistant secretary overseeing financial institutions, Pettit has been with the...
