[11] Her mother was a doctor at a local hospital that treated tuberculosis patients and she was chiefly raised by a grandmother, who, Omarova stated, was orphaned when her entire family was sent to Siberia under Stalin's rule.

[18] During the George W. Bush Administration, Omarova served in the Department of the Treasury as a special advisor on regulatory policy to the Under Secretary for Domestic Finance.

[6] During her time as an associate professor of law at the University of North Carolina at Chapel Hill, Omarova was a witness at a U.S. Senate hearing on bank ownership of energy facilities and warehouses.

[21] In August 2021, Omarova's name was floated as a potential contender to lead the Office of the Comptroller of the Currency (OCC) under President Joe Biden.

[32] Omarova has stated that the NIA would be responsible for "devising, financing, and executing a long-term national strategy of economic development and reconstruction.

"[33] In 2020, Omarova wrote a report for think tank Data for Progress, where she stated the "Green New Deal (GND) movement has successfully propelled [a] programmatic vision of an environmentally clean, just, and equitable future.

[22] In response to reports that Facebook may launch its own cryptocurrency, Omarova argued it was an example of "Big Tech companies [resorting] to ever more creative ways to expand a monopolistic and extractive business model under the guise of corporate activism.

"[39] In a paper by Omarova published in the Yale Journal on Regulation, "New Tech v. New Deal: Fintech as a Systemic Phenomenon" (2019), she argued that some financial technology applications have served as "destabilizing mechanisms".