Loeffler is a top donor to Trump who served for a time as a U.S. senator from Georgia. She was appointed to the seat by Gov. Brian Kemp and served from 2020 to January 2021, when she lost a special election. She was chief executive of Bakkt, a cryptocurrency trading platform. She will appear before the Small Business Committee.

Negotiations broke down to hold a final vote on Trump's CIA nominee, prompting Senate GOP leadership to tee up procedural steps to advance John Ratcliffe and others.

The Senate Commerce Committee said on Wednesday it would hold a Jan. 29 hearing on President Donald Trump's nominee to lead the Commerce Department, the agency that has become a key U.S. tool in its efforts to constrain China's tech sector.