Agricultural News
Lucas and Stabenow React to Resignation of CFTC Commissioner Jill Sommers
Thu, 24 Jan 2013 18:03:27 CST
House Agriculture Committee Chairman Frank Lucas and Senate Agriculture Committee Chairwoman Debbie Stabenow both reacted to the announcement by the Commodity Futures Trading Commission (CFTC) that Commissioner Jill Sommers will be leaving the agency this year.
Lucas said, "Jill Sommers has been a voice of reason during a pivotal time in CFTC's history and I am grateful for her service. She has advocated for a balanced approach to regulatory reform in the U.S. that is reasonable, thoughtful, and not disruptive to global markets. I appreciate her leadership in investigating the failure of MF Global and hope the Commission will continue her efforts when she leaves. And, her work as Chairman of the agency's Global Markets Advisory Committee has highlighted the importance of the U.S. coordinating its reforms with the global community.
"In short, Jill is a friend of agriculture. Although I wish her well in all of her future endeavors, I can say with certainty she will be missed."
Stabenow's statement also applauded Sommers for her accomplishments.
"I'd like to thank Commissioner Sommers for her outstanding service during this critical time as we continue implementing the Wall Street Reform and Consumer Protection Act and work to harmonize rules internationally. Her hard work and contributions are greatly appreciated and will be missed."
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