This is historical material, "frozen in time." The web site is no longer updated and links to external web sites and some internal pages will not work.

THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release July 22, 1998

                PRESIDENT CLINTON NAMES JAMES E. NEWSOME 
                        AS A COMMISSIONER ON THE 
                  COMMODITY FUTURES TRADING COMMISSION

The President today announced his intent to nominate James E. Newsome to serve as a Commissioner on the Commodity Futures Trading Commission.

Mr. James E. Newsome, of Flora, Mississippi is currently the Chairman of the Mississippi Agribusiness Council which is devoted to the promotion of domestic and international agribusiness development within the state of Mississippi. From 1989 to the present, Mr. Newsome has also been the Executive Vice-President for both the Mississippi Cattleman's Association and the Mississippi Beef Council. From 1986 to 1989, Mr. Newsome served as an Instructor at Mississippi State University where he researched and taught beef cattle management issues. From 1982 to 1985, Mr. Newsome served as a Graduate Teaching Assistant at Mississippi State University. Mr. Newsome received his B.S. in Food and Resource Economics from the University of Florida and a Master of Science in agriculture from Mississippi State University.

The Commodity Futures Trading Commission (CFTC), established in 1974, regulates all U.S. commodity futures and related options markets. The Commission and its staff regulate the trading of futures on tangible items such as farm goods, metals, and crude oil, as well as those on financial interests such as Treasury debt, foreign currencies and stock market indices. The CFTC is responsible for assuring the integrity of exchange-traded futures markets and for addressing the legal status of off-exchange derivatives.

-30-30-30-