The White House said President Trump intends to nominate Heath Tarbert, currently assistant secretary for international markets at the Treasury Department, to be commissioner and chairman of the Commodity Futures Trading Commission (CFTC) for a five-year term to begin April 14. Tarbert was previously a partner at the international law firm of Allen & Overy LLP, and served as senior fellow at the Harvard Law School Program on International Financial Systems, legal adviser to the Systemic Risk Council, vice president of the Committee on Capital Markets Regulation, and was a member of the board of advisers for the Review of Securities and Commodities Regulation. The term of current CFTC chairman J. Christopher Giancarlo is due to end in April.
Sen. Joe Manchin (D-WV) has been tapped as ranking member of the Senate Energy and Natural Resources Committee, on which he has served since he was first elected in 2010. "This committee has a long history of bipartisanship that has helped propel our nation’s energy technology forward," Manchin said. "West Virginia is a leading energy producer and major contributor to advanced energy technologies, and I intend to ensure this progress is continued." Manchin will replace Sen. Maria Cantwell (D-WA) as the ranking member; Cantwell is moving to the Commerce Committee as ranking member.