Jill E. Sommers was sworn in as a commissioner of the Commodity Futures Trading Commission on August 8, 2007 to a term that expired April 13, 2009. She was nominated on July 20, 2009 by President

Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the ...

to serve a five-year second term., and confirmed by the United States Senate on October 8, 2009.

Commission posts

Global Markets Advisory Committee

On February 4, 2008 the commission appointed Sommers to serve as chairman and designated federal official of the Global Markets Advisory Committee, which meets periodically to discuss issues of concern to exchanges, firms, market users and the commission regarding the regulatory challenges of a global marketplace.

Financial Literacy and Education Commission

She also serves as the commission designee to the

Financial Literacy and Education Commission The Financial Literacy and Education Commission (the Commission) was established under Title V, the Financial Literacy and Education Improvement Act which was part of the Fair and Accurate Credit Transactions Act (FACT) Act of 2003, to improve fina ...

, which is chaired by the

secretary of the treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...

and was established to improve the financial literacy and education of U.S. citizens.

Career

Commissioner Sommers has worked in the commodity futures and options industry in a variety of capacities throughout her career. In 2005 she was the policy director and head of government affairs for the

International Swaps and Derivatives Association International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The T ...

, where she worked on a number of over-the-counter derivatives issues. Prior to that, Sommers worked in the Government Affairs Office of the Chicago Mercantile Exchange (CME), where she was instrumental in overseeing regulatory and legislative affairs for the exchange. During her tenure with the CME, she had the opportunity to work closely with congressional staff drafting the

Commodity Futures Modernization Act of 2000 The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that ensured financial products known as over-the-counter (OTC) derivatives remained unregulated. It was signed into law on December 21, 2000 by President ...

. Sommers started her career in Washington in 1991 as an intern for Senator Robert J. Dole (R-KS), working in various capacities until 1995. She later worked as a legislative aide for two consulting firms specializing in agricultural issues, Clark & Muldoon, P.C. and Taggart and Associates.

Personal information

A native of Fort Scott, Kansas, Sommers holds a bachelor of arts degree from the

University of Kansas The University of Kansas (KU) is a public research university with its main campus in Lawrence, Kansas, United States, and several satellite campuses, research and educational centers, medical centers, and classes across the state of Kansas. T ...

. Her husband, Mike Sommers, is president and CEO of the

American Petroleum Institute The American Petroleum Institute (API) is the largest U.S. trade association for the oil and natural gas industry. It claims to represent nearly 600 corporations involved in production, refinement, distribution, and many other aspects of the ...

and former chief of staff to Speaker of the United States House of Representatives John Boehner.

References

External links

Commodity Futures Trading Commission Website
{{DEFAULTSORT:Sommers, Jill E. Living people Commodity Futures Trading Commission personnel University of Kansas alumni 1969 births George W. Bush administration personnel Obama administration personnel