Senate votes to confirm slate of four CFTC commissioners

Reuters News
Posted: Aug 03, 2017 2:45 PM

By Sarah N. Lynch

WASHINGTON (Reuters) - The U.S. Senate voted on Thursday to confirm three Republicans and one Democrat to serve on the Commodity Futures Trading Commission, the top U.S derivatives regulator.

In a voice vote, the Senate approved the nominations of Republican Chris Giancarlo to serve as CFTC chairman, as well as Republicans Dawn Stump and Brian Quintenz and Democrat Rostin "Russ" Behnam to serve as commissioners.

With the vote, the CFTC will now have a full slate of five commissioners.

However, the commission's other Democrat, Sharon Bowen, recently announced she plans to depart the agency after the other commissioners are confirmed, meaning President Donald Trump will need to nominate one more Democrat to the panel.

Giancarlo has already been serving as acting CFTC chairman since Trump took office in January.

(Reporting by Sarah N. Lynch; Editing by Jeffrey Benkoe and Jonathan Oatis)