President Obama announced his intention to nominate Scott O'Malia, a Republican staff member on a Senate Appropriations subcommittee, to the Commodity Futures Trading Commission (CFTC). O'Malia currently is a minority clerk for the Energy and Water Subcommittee, where he has focused on expanding U.S. investment in clean energy technologies. Prior to joining the appropriations panel, O'Malia was a staff member of the Senate Energy and Natural Resources Committee, with energy trading and domestic oil and natural gas production as his chief interests. O'Malia also established the Washington, DC, office of Mirant Corp., where he worked to establish rules and standards for corporate risk management and energy trading among wholesale power producers. He began his stint on Capitol Hill in 1992, working for Senate Minority Leader Mitch McConnell (R-KY). O'Malia received his bachelor's degree from the University of Michigan. His nomination will require the approval of the full Senate. If confirmed, O'Malia will serve out the remainder of the term of former Acting CFTC Chairman Walter Lukken, who left the CFTC in July. His term would expire on April 13, 2010.
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