Capitol Washington DC

INSIDE WASHINGTON: Ag gets a voice on CFTC

Senate Agriculture Committee holds nomination hearing for three CFTC nominees who have strong understanding of agricultural issues.

On Thursday, the Senate took another important step in helping complete the Commodity Futures Trading Commission (CFTC) – the regulatory arm that oversees the derivatives markets, which are used to manage risk and for price discovery by end users. Three nominees sat before the Senate Agriculture Committee Thursday to fill three of the four open positions of the five-member commissioner panel.

CFTC acting chairman Christopher Giancarlo, who has been nominated to serve as chairman

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