WASHINGTON, March 3, 2016 - President Obama has nominated a law professor with expertise in regulating financial markets to fill one of two vacancies on the Commodity Futures Trading Commission.
“For the CFTC to effectively function for all stakeholders, we must make sure nominees have a solid understanding of agriculture and prioritize the folks who use the futures and derivatives markets to manage risk,” Roberts said.
Roberts said that reenacting a reauthorization bill for the CFTC would be “useless” if its commissioners “don’t comprehend how their decisions impact end-users, especially agriculture producers.”
Brummer has been the C. Boyden Gray fellow and project director for the Transatlantic Finance Initiative at the Atlantic Council since 2012 and senior fellow in the Center for Financial Markets at the Milken Institute since 2011.
The CFTC is currently operating with three commissioners. Mark P. Wetjen left the agency last August, and Scott O’Malia’s term ended in 2014.