Senate committee to consider Trump’s pick for CFTC chair
Roughly four months since his nomination and amid announced departures at the CFTC, Brian Quintenz’s nomination to head the financial regulator is moving forward.
Brian Quintenz, a former commissioner on the US Commodity Futures Trading Commission (CFTC), may have the opportunity to chair the agency after his nomination by President Donald Trump moved to the Senate Agriculture Committee.
According to the calendar of the US Senate Committee on Agriculture, Nutrition, and Forestry, Quintenz will appear for a hearing on June 10 to consider his nomination as CFTC chair. The nomination hearing follows the departures of commissioners Summer Mersinger and Christy Goldsmith Romero at the end of May, leaving the five-seat panel with only two Senate-confirmed members as of June 1.
Quintenz’s potential confirmation is expected to result in a complete changeover of the CFTC’s leadership. Former chair Rostin Behnam left the agency in February, and, with the departures of Romero and Mersinger, only acting chair Caroline Pham and Commissioner Kristin Johnson remain — both have announced plans to depart after Quintenz’s nomination and “later this year,” respectively.