Committee Vote Sends Gensler Nomination To Full Senate, Harkin Announces

Press Release

Senator Tom Harkin (D-IA), Chairman of the Senate Committee on Agriculture, Nutrition, and Forestry released the following statement after the Committee voted on the nomination of Gary Gensler as Chairman of the Commodity Futures Trading Commission (CFTC):

"With our current economic crisis, it is painfully clear that our nation's financial system requires a much stronger and more effective regulatory scheme, and it is important that we have an effective leader at the Commodity Futures Trading Commission. At his confirmation hearing, Mr. Gensler responded to our questions carefully and knowledgeably; I am hopeful that he will lead effectively in reforming and restoring regulation of trading in futures and other derivatives contracts. While it is not possible to know for certain how he will handle all of the issues that will come before him, I called today's Committee meeting because I believe we should move his nomination forward to the full Senate."

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