(news article) Senate set to approve nomination of CFTC nominee in Sept

August 11, 2011

The U.S. Senate is expected to move quickly in September to approve the nomination of Mark Wetjen as a Democratic commissioner at the U.S. futures regulator, a move that could prove crucial as the agency

implements a range of sweeping new Wall Street reforms. The earliest the full Senate could move to confirm Wetjen was Sept. 6 when it returns from a nearly month-long recess.

The 37-year-old Wetjen would replace outgoing Commissioner

Michael Dunn, a Democrat known as an independent voice on the

CFTC, which has two Republican commissioners and two Democratic

commissioners, including Chairman Gary Gensler, remaining. Wetjen could play a major role in helping the CFTC finish rules such as position limits that otherwise might lack the necessary minimum three votes needed for approval. Currently, he is counsel and senior policy adviser to Senate Majority Leader Harry Reid.

Cross References

CEA Sec. 2(a)(2)(A)