Chairman Selig to Sponsor the CFTC’s Agricultural Advisory Committee

WASHINGTON - Commodity Futures Trading Commission Chairman Michael S. Selig today announced he will sponsor the CFTC's Agricultural Advisory Committee, and the CFTC is seeking nominations to fill current vacancies on the AAC. Submissions must be received by Feb. 18.

"I am honored to follow the footsteps of former CFTC Chairmen and sponsor the vitally important Agricultural Advisory Committee," Chairman Selig said. "Agricultural futures markets were core to the CFTC's humble beginning 50 years ago and continue to be a central focus today. While the CFTC's regulatory authority continues to evolve, we cannot forget our roots. The viewpoints of America's growers, producers and the broader agricultural community are essential to informing the Commission as we work to support the markets for safe, abundant and affordable food, fiber and fuel for all Americans."

The AAC was created to advise the Commission on agricultural derivatives market regulatory issues and priorities that are important to producers, processors, consumers, and other interested stakeholders. The AAC is authorized to submit reports and recommendations to the Commission.

The public is invited to nominate individuals for the AAC and propose potential topics to prioritize. Each nomination submission should include relevant information about the nominee, such as the individual's name, title, and organizational affiliation as well as information that supports the individual's qualifications for selection. The submission should also include suggestions for potential topics to prioritize as well as the name and email or mailing address of the person nominating the individual. AAC nominations and topic suggestions should be sent to [email protected] by Feb. 18. Submission of a nomination is not a guarantee of selection.

About CFTC Advisory Committees

The CFTC oversees five active advisory committees. They were created to provide advice and recommendations to the Commission on a variety of regulatory and market issues that affect the integrity and competitiveness of U.S. markets. The advisory committees facilitate communication between the Commission and market participants, other regulators, and academics. The views, opinions, and information expressed by the advisory committees are solely theirs and do not necessarily reflect the views of the Commission, its staff, or the U.S. government.

Paperwork Reduction Act

Notwithstanding any other provisions of the law, no person is required to respond to, nor shall any person be subjected to a penalty for failure to comply with, a collection of information subject to the requirements of the Paperwork Reduction Act, unless that collection of information displays a currently valid OMB Control Number. For this collection, OMB has issued control number 3038-0119.

Privacy Act of 1974

The information we collect about you is covered by the Privacy Act of 1974. The CFTC is providing this statement to you as required by 5 U.S.C. 552a(e)(3). We are authorized to collect information from you pursuant to the Federal Advisory Committee Act, 5 U.S.C. 1001 et seq., and 7 U.S.C. 2(a)(15). The purpose of this collection is to maintain information on CFTC advisory committee and subcommittee applicants and members, and those who make recommendations for committee or subcommittee memberships or otherwise interact with the CFTC regarding its advisory committees and subcommittees. The CFTC will use the information primarily for the administration of its advisory committees and subcommittees, including as part of the member evaluation and selection process. The CFTC may also share your information externally as a "routine use" with, for example, committee and subcommittee Chairs and co-Chairs to conduct committee and subcommittee activities, the public as permitted or required to provide information about the committee or subcommittee and receive input regarding the work of the committee or subcommittee, and with other Federal agencies and entities as necessary for oversight, litigation, and breach response. For a complete list of routine uses, please see the CFTC's system of records notice CFTC-58 Advisory Committees, available at https://www.cftc.gov/privacy and 88 FR 20146. Providing the requested information is voluntary, but if you choose not to provide it, the CFTC may not be able to consider you for membership on an advisory committee or subcommittee, or effectively administer its advisory committee or subcommittee activities.