Stephen C. Taylor is the fifth Commissioner of the District of Columbia Department of Insurance, Securities and Banking (Department). Mayor Muriel Bowser nominated Taylor as Acting Commissioner on June 19, 2015 and the Council of the District of Columbia unanimously confirmed the nomination on November 3, 2015.
In his role, Commissioner Taylor serves as the chief regulator of the District of Columbia’s financial-services industries, including insurance companies and their representatives; captive insurance companies; state-chartered banks; mortgage lenders and brokers and other non-depository financial institutions; and securities broker-dealers and investment advisors. The Commissioner also is responsible for managing BankonDC and financial education programs. The Commissioner also administers the District’s capital access programs pursuant to the federal State Small Business Credit Initiative, and the Crowdfunding program as part of the Department’s economic development responsibility.
Commissioner Taylor has over 15 years of experience in financial services regulation and finance and fiscal affairs. He served in various leadership roles including General Counsel and Acting Deputy Commissioner with the Department, and General Counsel with the former Department of Banking and Financial Institutions. In those roles, Commissioner Taylor directed the Department’s legislative and regulatory drafting programs, assisted in implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Patient Protection and Affordable Care Act, and revised the District’s Banking Code. Previously, he held positions in the Office of the Chief Financial Officer and the Council of the District of Columbia, where he worked on finance, economic development, tax, budget and land use issues. Before his appointment as Commissioner, Taylor served as Assistant Attorney General with the District of Columbia Office of the Attorney General, where he provided legal counsel to the District Department of Health Care Finance concerning its procurement operations. He also served as the chief procurement officer for the City of Alexandria, Virginia.
Additionally, Commissioner Taylor served as a Commissioner for the District of Columbia on the Uniform Law Commission from 2000 to 2011. During his tenure on the Commission, he was a member on the following Committees: Drafting and Standby Committees on Uniform Debt-Management Services Act; Study Committee on Bank Deposits Act; Study and Drafting Committee on Insurable Interests in Trusts and Related Estate Planning; and Committee on Federal Relations.
Commissioner Taylor holds a Juris Doctor and Master of Laws from Georgetown University Law Center, and a Bachelor of Arts from Fordham University.