The Senate Finance Committee on Tuesday advanced the nomination of Scott Bessent to serve as Treasury Secretary to the floor in a 16-11 vote that crossed party lines.

Sens. Mark Warner, D-Va., and Maggie Hassan, D-N.H., joined committee Republicans in backing Bessent for the post, Reuters reported.

Trump nominated Bessent in November, saying he had "long been a strong advocate of the America First Agenda." Should he secure confirmation in a floor vote, Bessent will be a key figure in implementing Trump's financial reforms and combatting the trade practices of adversarial nations.

He previously testified before the committee that Trump had a "generational opportunity" to pursue an "economic golden age" for the nation.

"We must secure supply chains that are vulnerable to strategic competitors, and we must carefully deploy sanctions as part of a whole-of-government approach to address our national security requirements," he warned at the time. "And critically, we must ensure that the U.S. dollar remains the world's reserve currency."