President Joe Biden will nominate Michael Barr to be the Fed’s big banks regulator, the administration’s second attempt to fill the post.

Barr served as assistant Treasury secretary for financial institutions during the Obama administration, where he helped design the 2010 Dodd-Frank Act.

“He understands that this job is not a partisan one, but one that plays a critical role in regulating our nation’s financial institutions,” Biden said of Barr on Friday.