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Congressman Robert Aderholt

Representing the 4th District of Alabama

Chairman Aderholt Questions CFTC Furloughs

October 24, 2013
Press Release

FOR IMMEDIATE RELEASE: October 24, 2013          CONTACT: Brian Rell, 202.225.4876

Chairman Aderholt Questions CFTC Furloughs:

Washington, D.C.  Congressman Robert Aderholt (AL-04) released the following statement that questions Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler's announcement of 14 furlough days to CFTC employees today.

“I don't see how Chairman Gensler’s notice to CFTC employees today announcing 14 furlough days for fiscal year 2014 is based in budgetary realities. It should be noted that the current government funding is through January 15th, not the full fiscal year.  Justification for an announcement for furloughs appears to be lacking as CFTC has the explicit legal authority to spend amounts necessary to avoid furloughs.

Budgetary games where public servants are used as political pawns is not admirable and something the Appropriations Committee has very little patience for.  It is actions like these that invite robust oversight into how our public tax dollars are spent. I plan to address these issues with him when we meet in my office next week.”

* Editors note: CFTC has explicit legal authority to spend amounts above current levels for civilian personnel compensation and benefits necessary to avoid furloughs  as provided in Section 112 of Public Law 113-46

Aderholt currently serves as Chairman of the Subcommittee on Agriculture, Rural Development, Food and Drug Administration and Related Agencies that includes the CFTC for the House Appropriations Committee, is a member of the Committee¹s Commerce, Justice and Science; and Homeland Security Subcommittees, and also serves on the Helsinki Commission.


For more information about Aderholt's work in Congress visit: www.aderholt.house.gov

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Editors note: the attached letter from CFTC to OMB was sent on January 2, 2014