futures

Senate committee approves three CFTC nominees

On a voice vote during a brief meeting in the Capitol, the Senate Agriculture Committee approved the nominations of Rostin Behnam, Brian Quintenz and Dawn Stump for commissioners of the Commodity Futures Trading Commission, the watchdog agency for the derivatives market. If confirmed by the Senate, the nominations would restore the CFTC to nearly its full complement of five commissioners.

Trump nominates Green for USAID and Giancarlo for CFTC

President Trump asked the Senate to put former Wisconsin Rep. Mark Green in change of the U.S. Agency for International Development and to formally name Christopher Giancarlo, now the acting chair, as chairman of the Commodity Futures Trading Commission. Green is former U.S. ambassador to Tanzania and a member of the board of the Millennium Challenge Corp., a U.S. foreign aid agency focusing on global poverty.