Biden selects CFTC nominees
President Joe Biden announced his nomination of current Commissioner Rostin Behnam to serve as chairman of the Commodity Futures Trading Commission (CFTC) along with two additional Democratic nominees to serve as commissioners.
Behnam joined the CFTC in 2017 and since January 2021 has served as the acting chairman. In 2019, Behnam spearheaded the establishment of the CFTC’s Market Risk Advisory Committee’s Climate Related Market Risk Subcommittee. He also requested the September 2020 report Managing Climate Risk in the U.S. Financial System. Behnam previously served as senior counsel to Sen. Debbie Stabenow, D-Mich., chairwoman of the Senate Agriculture Committee.
Biden also plans to nominate for the CFTC Kristin Johnson, a law professor at Emory University School of Law, and Christy Goldsmith Romero, the Special Inspector General for the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).
CFTC currently is operating with one Democrat, one Republican and three empty seats.