The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets,which includes futures,swaps,and certain kinds of options.
The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that ensured financial products known as over-the-counter (OTC) derivatives remained unregulated. It was signed into law on December 21,2000 by President Bill Clinton. It clarified the law so most OTC derivative transactions between "sophisticated parties" would not be regulated as "futures" under the Commodity Exchange Act of 1936 (CEA) or as "securities" under the federal securities laws. Instead,the major dealers of those products would continue to have their dealings in OTC derivatives supervised by their federal regulators under general "safety and soundness" standards. The Commodity Futures Trading Commission's (CFTC) desire to have "functional regulation" of the market was also rejected. Instead,the CFTC would continue to do "entity-based supervision of OTC derivatives dealers". The CFMA's treatment of OTC derivatives such as credit default swaps has become controversial,as those derivatives played a major role in the financial crisis of 2008 and the subsequent 2008–2012 global recession.
The Committee on Agriculture,Nutrition,and Forestry is a committee of the United States Senate empowered with legislative oversight of all matters relating to the nation's agriculture industry,farming programs,forestry and logging,and legislation relating to nutrition,home economics,and rural development.
Thomas William Ewing is a former Republican member of the United States House of Representatives and the Illinois State House of Representatives. Ewing was a state representative from 1974 to 1991,and a U.S. Congressman representing the 15th district of Illinois from July 2,1991 until his retirement on January 3,2001. In January 1995 he was named a Deputy Republican House Whip. While a U.S. Congressman,Thomas Ewing was considered to be a Conservative,favoring a smaller,less intrusive government,but more on economic issues than on social ones.
Roland Wallace Burris is an American retired Democratic politician and attorney who served as Attorney General of Illinois from 1991 to 1995. In January 2009,he was appointed a United States Senator,succeeding Barack Obama,who resigned to become president of the United States. Burris held this position until November 2010,retiring from front-line politics shortly after.
Commodity Futures Trading Commission v. Schor,478 U.S. 833 (1986),was a case in which the Supreme Court of the United States held an administrative agency may,in some cases,exert jurisdiction over state-law counterclaims.
Both houses of the United States Congress have refused to seat new members based on Article I,Section 5 of the United States Constitution which states that:
"Each House shall be the judge of the elections,returns and qualifications of its own members,and a majority of each shall constitute a quorum to do business;but a smaller number may adjourn from day to day,and may be authorized to compel the attendance of absent members,in such manner,and under such penalties as each House may provide."
Jill E. Sommers was sworn in as a commissioner of the Commodity Futures Trading Commission on August 8,2007 to a term that expired April 13,2009. She was nominated on July 20,2009 by President Barack Obama to serve a five-year second term.,and confirmed by the United States Senate on October 8,2009.
The Chief Agricultural Negotiator is an ambassador of the Office of the United States Trade Representative (USTR) responsible for conducting and overseeing international negotiations related to trade in agricultural products. The Chief Agricultural Negotiator is compensated at the rate payable for Level III of the Executive Schedule.
Bartholomew Hamilton Chilton was an American civil servant.
Betty Jo Nelsen is a retired American politician and former Minority Leader of the Wisconsin State Assembly. A Republican,she represented the northeastern suburbs of Milwaukee from 1979 until 1990 in the Assembly. She left the Assembly to accept an appointment in the administration of President George H. W. Bush as Administrator of the Food and Nutrition Service within the United States Department of Agriculture.
H.R. 1003,long title "To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders" is a bill that was introduced into the United States House of Representatives during the 113th United States Congress. H.R. 1003 would broaden the items for the Commodity Futures Trading Commission (CFTC) to consider when assessing costs and benefits of a proposed regulation. Further,the bill would require the agency to adopt such a regulation only if it determines that the estimated benefits justify the estimated costs.
J. Christopher Giancarlo is an American attorney and former business executive who served as 13th chairman of the United States Commodity Futures Trading Commission (CFTC). Giancarlo was sworn in as a CFTC commissioner on June 16,2014 for a term expiring on April 13,2019. Starting on January 20,2017,with President Donald Trump's inauguration,Giancarlo began serving as acting chair of the CFTC. In March 2017,the president nominated Giancarlo to be full-time chair of the commission. Giancarlo was confirmed as chairman of the commission by the United States Senate on August 3,2017.
William Thompson Bagley is an American politician in the state of California.
Heath Price Tarbert is an American lawyer and former government official who most recently served as the 14th Chairman and a Commissioner of the Commodity Futures Trading Commission (CFTC). Prior to leading the CFTC,he served as Assistant Secretary of the Treasury for International Markets and Development and as acting Under Secretary of the Treasury for International Affairs. As of July 1,2023,he is Chief Legal Officer and Head of Corporate Affairs for Circle.
Brian Quintenz is an American financial manager and policy advisor who served on the Commodity Futures Trading Commission from 2017 to 2021.
Dawn DeBerry Stump is an American businesswoman and government official. She is the president of Stump Strategic,a consulting firm that she founded in 2016. Stump became a Commissioner of the Commodity Futures Trading Commission after being nominated by President Donald Trump and confirmed by the United States Senate.
Rostin Behnam is an American lawyer and government official who currently serves as Chairman of the Commodity Futures Trading Commission.
Caroline D. Pham is an American attorney who serves as a commissioner of the Commodity Futures Trading Commission.
Summer K. Mersinger is an American attorney who serves as a commissioner of the Commodity Futures Trading Commission.
