Home>Articles>Garrett, likely to lose his SEC job when Biden takes office, won’t discuss future

Former Rep. Scott Garrett. (Photo: Gage Skidmore.)

Garrett, likely to lose his SEC job when Biden takes office, won’t discuss future

Ex-New Jersey congressman is likely casualty of Trump re-election loss

By David Wildstein, January 08 2021 5:28 pm

Among the expected casualties of President Donald Trump’s defeat is former Rep. Scott Garrett (R-Wantage), who is almost certain to lose his $215,001-a-year job with the Securities and Exchange Commission after Joe Biden becomes President.

Garrett declined to discuss his future options, including a return to Congress in a rematch with Rep. Josh Gottheimer (D-Wyckoff) in the 2022 mid-term election.

“I appreciate your phone call,” Garrett told the New Jersey Globe during a polite but brief telephone call.  “I am no longer a public figure.”

The 62-year-old Sussex County Republican will be in search of a job soon.  It’s not clear if he will seek employment in Washington, where he currently spends most of his time, or back in New Jersey.

Some Republicans who have supported him in the past refused to dismiss the possibility of another run for public office, suggesting that congressional redistricting might factor into his decision.

Garrett spent fourteen years as a congressman before losing to Gottheimer in 2016.

Trump nominated Garrett to serve as U.S. Export-Import Bank president in 2017 but wound up at the SEC after the Republican-controlled U.S. Senate Banking Committee rejected his nomination.  In Congress, Garrett had tried to close the same agency he was seeking to run.

Rep. Bill Pascrell (D-Paterson) mounted an unsuccessful but largely symbolic bid to reduce Garrett’s salary to $1 in a post that was not subject to Senate confirmation.

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