News Column

Garrett Congratulates Haworth Resident Giancarlo for Taking Top-Spot at the CFTC

June 25, 2014

WASHINGTON, June 25 -- Rep. E. Scott Garrett, R-N.J. (5th CD), issued the following news release:

Rep. Scott Garrett (NJ-05) congratulated Haworth resident Chris Giancarlo for being sworn-in as the Commissioner of the U.S. Commodity Futures Trading Commission (CFTC) at a ceremony in Washington, D.C. yesterday morning.

"Chris has a long history of promoting sound regulatory policy, free markets and economic liberty," said Garrett at the ceremony. "I know he will bring a steady hand, common sense, and strong leadership to the Commission. His deep understanding of our derivatives markets make him an ideal choice for serving at the Commission as it continues to implement difficult and complex rules that will have a significant impact on farmers, ranchers, and producers. Very few people know these markets as well as Chris, and his expertise will come in handy as the Commission faces markets that continue to shift and evolve."

Giancarlo was sworn in as a CFTC Commissioner on June 16, 2014 for a term expiring on April 13, 2019. Giancarlo was nominated by President Obama on August 1, 2013. On March 6, 2014, Giancarlo testified regarding his nomination before the U.S. Senate Committee on Agriculture, Nutrition and Forestry, which approved the nomination on April 8, 2014. The U.S. Senate confirmed his nomination by unanimous consent on June 3, 2014.

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Source: Targeted News Service

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