In a show of bipartisan support, the Senate Agricultural Committee voted to approve the nomination of Christopher Giancarlo for CFTC Chairman. All that remains for his appointment is a vote of the full Senate.
The U.S. Senate Agriculture Committee voted on Thursday to advance the nomination of J. Christopher Giancarlo to lead the Commodity Futures Trading Commission to the full chamber for a vote to confirm him. Giancarlo, a Republican, received bipartisan support from the panel, with 16 members voting in his favor and only five Democrats dissenting. Committee Chairman Pat Roberts on Thursday described Giancarlo as "abundantly qualified," while ranking Democrat Debbie Stabenow praised him for showing he could work "on a bipartisan basis." Giancarlo has already been acting chairman of the CFTC since January, after President Donald Trump took office. In March, Trump nominated him as permanent chairman of the regulator tasked with policing the massive over-the-counter derivatives market.