Aaron Klein is a fellow in Economic Studies and serves as policy director of the Center on Regulation and Markets. He focuses on financial regulation and technology, macroeconomics, and infrastructure finance and policy. Previously, Klein directed the Bipartisan Policy Center’s Financial Regulatory Reform Initiative where he led the first successful bipartisan analysis of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 producing a comprehensive set of six papers analyzing what was working, what needed improvement, and proposing regulatory and legislative recommendations.
Klein had a lengthy tenure in government, serving at the U.S. Treasury Department as deputy assistant secretary for economic policy from 2009-2012. Klein was deeply involved in the response to the financial crisis, working on TARP implementation, helping draft, secure passage, and implement Dodd-Frank, drafting the housing finance reform proposal, and responding to macroeconomic issues. Klein was the point person at Treasury for infrastructure policy and finance, both domestically and internationally.
Prior to his appointment as deputy assistant secretary in 2009, he served as Chief Economist of the Senate Banking, Housing and Urban Affairs Committee for Chairmen Chris Dodd and Paul Sarbanes. He worked on financial regulatory reform issues including what became Dodd-Frank, TARP, the Housing and Economic Recovery Act of 2008, the Surface Transportation Equity Act of 2005, multiple versions of the Terrorism Risk Insurance Act, and the Sarbanes-Oxley Act. Klein was the primary staffer responsible for writing the Senate’s first bill to regulate the sending of remittances (which became law as Dodd-Frank Section 1073).