Kevin Roberts: “today I applaud the Senate's bipartisan confirmation of Dr. Heath Tarbert to head the Commodity Futures Trading…”

“today I applaud the Senate's bipartisan confirmation of Dr. Heath Tarbert to head the Commodity Futures Trading Comission. I am confident that Dr. Tarbert, who is no stranger to public service, will lead the CFTC well. As the former acting Under Secretary for International Affairs at the Department of the Treasury, Dr. Tarbert has exactly the right experience, at the right time, to lead the CFTC. The CFTC needs a strong leader like Dr. Tarbert. He understands how the markets are impacted by actions taken by Congress and U.S. Federal regulators, as well as those of our legislative and regulatory partners around the world. His experience clearly demonstrates appreciation of what led to the financial crisis 10 years ago. Dr. Tarbert also has the support of a range of agricultural groups, all voicing strong sport and appreciation for his experience in the financial sector, the effort demonstrated to understand priority issues, and the commitment to visiting agricultural operations to reinforce the importance of these markets to farmers, ranchers, growers, and agribusiness. The CFTC is charged with fostering open, transparent, competitive, and financially sound markets, while working to prevent systemic risk. The regulation and oversight provided by the CFTC allows end users-- farmers, ranchers, commercial companies, municipalities, energy companies, pension funds, and others--to hedge commercial risk using the derivatives market.…”