Chairman and Commssioners – CFTC
The Commodity Futures Trading Commission (CFTC) is led by five Commissioners appointed by the President. These Commissioners serve staggered five-year terms, with one designated as Chairman. The Commission ensures political balance by limiting the number of Commissioners from the same party to three.
- ▪The CFTC consists of five Commissioners appointed by the President.
- ▪Commissioners serve staggered five-year terms.
- ▪The President designates one Commissioner as Chairman with Senate consent.
Opening excerpt (first ~120 words) tap to expand
The Commission consists of five Commissioners appointed by the President, with the advice and consent of the Senate, to serve staggered five-year terms. The President, with the consent of the Senate, designates one of the Commissioners to serve as Chairman. No more than three Commissioners at any one time may be from the same political party. In the absence of a Senate-confirmed Chairman, the Commission will vote to select one of the sitting Commissioners as Acting Chairman.
Excerpt limited to ~120 words for fair-use compliance. The full article is at Cftc.
Discussion
0 commentsMore from Cftc
