The President today announced his intention to nominate Mary L. Schapiro as Chair and Commissioner of the Commodity Futures Trading Commission (CFTC). CFTC is the Federal agency charged with regulation of the Nation's futures markets. The President also announced his intention to nominate Sheila C. Bair to continue in her role as a CFTC Commissioner.
"In her years as a Commissioner with the SEC, Mary Schapiro has contributed an intelligent and experienced voice to the matters that have come before this important board. I look forward to her taking on this new challenge as CFTC Chairman," the President said.
NOTE: Biographies of the nominees were made available by the Office of the Press Secretary.
William J. Clinton, Nomination for the Commodity Futures Trading Commission Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/219383