FEDERALhearing transcript

Nomination Hearing for Heath P. Tarbert to Lead the CFTC

Original title: NOMINATION HEARING OF HEATH P. TARBERT, OF MARYLAND, TO BE CHAIRMAN AND A COMMISSIONER OF THE COMMODITY FUTURES TRADING COMMISSION

January 1, 2020

CFTC nomination financial regulation agriculture derivatives commodity markets

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The Frame

What this does

The CFTC regulates markets used by farmers, ranchers, and energy companies to manage financial risk; this hearing is the formal step in confirming the person who will oversee these rules and enforcement actions.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Farmers and Ranchers

They use derivatives markets regulated by the CFTC to hedge commercial risks.

Heath P. Tarbert

He is the nominee seeking confirmation as Chairman and Commissioner of the CFTC.

What changed

Last recorded activity January 1, 2020.

What's next

Next step not available in the current record.

Summary

The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on March 13, 2019, to consider the nomination of Dr. Heath P. Tarbert as Chairman and Commissioner of the Commodity Futures Trading Commission (CFTC). The hearing included opening statements from committee leadership and the introduction of the nominee.

Key Facts

The hearing took place on March 13, 2019, in the Russell Senate Office Building.
The committee considered the nomination of Dr. Heath P. Tarbert to be Chairman and a Commissioner of the CFTC.
A letter of support for the nominee from 25 agriculture groups was entered into the official record.
The CFTC is responsible for regulating derivatives markets to prevent fraud, manipulation, and systemic risk.
The CFTC's oversight affects farmers, ranchers, commercial companies, municipalities, energy companies, and pension funds.
The nominee submitted a financial disclosure report and a 5-day letter to the Office of Government Ethics.
The nominee provided written responses to follow-up questions from Senators Roberts, Stabenow, Ernst, Gillibrand, and Smith.

Frequently Asked Questions

What is the role of the CFTC?

The CFTC regulates markets to ensure they are open, transparent, and competitive, while protecting market users from fraud and manipulation.

Who does the CFTC regulate?

The agency oversees markets used by farmers, ranchers, commercial companies, municipalities, energy companies, and pension funds to commercial risk.

Why It Matters

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Emphasis on Agricultural Stakeholders

The committee chairman explicitly highlighted the nominee's commitment to visiting agricultural operations, signaling a focus on the impact of financial regulation on rural producers.

Heath P. Tarbert Pat Roberts

Connected Entities

personPat Roberts“Chairman of the Senate Committee on Agriculture, Nutrition, and Forestry”Map →

personJohn Cornyn“U.S. Senator from Texas”Map →

personDebbie Stabenow“U.S. Senator from Michigan”Map →

personHeath P. Tarbert“Nominee for Chairman and Commissioner of the CFTC”Map →

organizationCommodity Futures Trading Commission“Federal agency responsible for regulating commodity futures and options markets”Map →

organizationSenate Committee on Agriculture, Nutrition, and Forestry“Committee conducting the nomination hearing”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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