Andrew Olmem

Andrew Olmem

Andrew Olmem

Member

Andrew Olmem was appointed to the Fulbright Foreign Scholarship Board in 2020.

He is a partner at the global law firm of Mayer Brown LLP, where he specializes in financial institutions law, administrative law, and public policy matters. He is recognized for his knowledge of economic policy and experience in navigating the legislative and regulatory processes. He joined the firm in July, 2020.

Previously, Andrew served in the White House as Deputy Assistant to the President and Deputy Director of the National Economic Council (NEC) for the prior two years. In that role, he led the administration’s policy development and coordination process on all domestic economic issues, including financial services, housing finance, infrastructure, transportation, energy, telecommunications, technology, data security, taxation, antitrust, health care, and agricultural policy. His work also included preparing presidential executive orders, day-to-day management of the NEC staff, and regular engagement with Congress and the Cabinet on legislative and regulatory initiatives. In addition, Andrew played a key role in the passage of the CARES Act, emergency economic legislation to respond to the COVID-19 pandemic.

Andrew joined the NEC as the Special Assistant to the President for Financial Policy, where he developed the administration’s financial services policy, including overseeing the passage of the first major financial services regulatory reform legislation in nearly a decade, and advising on the nominations of financial regulators. Before his White House service, Mr. Olmem was a partner in another Washington D.C. law firm.

Andrew previously served as the Republican Chief Counsel and Deputy Staff Director of US Senate Committee on Banking, Housing, and Urban Affairs. He served on the staff of the Committee from 2005 to 2013. He played a key role in Congress’s consideration of the Dodd-Frank Act and legislation responding to the 2008 financial crisis. He staffed the committee’s chair/ranking member for numerous hearings on legislation and oversight matters and was the lead Republican staffer on several prominent Congressional investigations.

He began his legal career at Mayer Brown in New York City, practicing corporate law. Before attending law school, Andrew was an assistant economist in the monetary policy division at the Federal Reserve Bank of Richmond.

Andrew is originally from northern Minnesota. He now resides in McLean, Virginia with his family.