SUBCOMMITTEE OF THE COMMITTEE ON APPROPRIATIONS HOUSE OF REPRESENTATIVES NINETY-EIGHTH CONGRESS AGRICULTURAL PROGRAMS Commodity Futures Trading Commission Food and Drug Administration Printed for the use of the Committee on Appropriations Page 269 United States AGRICULTURE, RURAL DEVELOPMENT AND HEARINGS BEFORE A SUBCOMMITTEE OF THE COMMITTEE ON APPROPRIATIONS HOUSE OF REPRESENTATIVES NINETY-EIGHTH CONGRESS KFaq .1628 1984 pt.7 COMMITTEE ON APPROPRIATIONS JAMIE L. WHITTEN, Mississippi, Chairman EDWARD P. BOLAND, Massachusetts JOSEPH P. ADDABBO, New York BILL CHAPPELL, JR., Florida JOHN P. MURTHA, Pennsylvania BOB TRAXLER, Michigan JOSEPH D. EARLY, Massachusetts LINDY (MRS. HALE) BOGGS, Louisiana MARTIN OLAV SABO, Minnesota VIC FAZIO, California W. G. (BILL) HEFNER, North Carolina LES AUCOIN, Oregon DANIEL K. AKAKA, Hawaii WES WATKINS, Oklahoma WILLIAM H. GRAY III, Pennsylvania BERNARD J. DWYER, New Jersey WILLIAM R. RATCHFORD, Connecticut BILL BONER, Tennessee STENY H. HOYER, Maryland BOB CARR, Michigan ROBERT J. MRAZEK, New York SILVIO O. CONTE, Massachusetts J. KENNETH ROBINSON, Virginia KEITH F. MAINLAND, Clerk and Staff Director AGRICULTURE, RURAL DEVELOPMENT AND RELATED AGENCIES APPROPRIATIONS 1985 FOR WEDNESDAY, MARCH 21, 1984. COMMODITY FUTURES TRADING COMMISSION WITNESSES SUSAN M. PHILLIPS, CHAIRMAN DONALD L. TENDICK, ACTING EXECUTIVE DIRECTOR G. HUNTINGTON BANISTER, DIRECTOR, OPERATIONS AND BUDGET Mr. TRAXLER [presiding]. I am pleased to open the Subcommittee on Agriculture's hearing this afternoon. We will be hearing from the Commodity Futures Trading Commission. We are pleased to welcome Susan Phillips, Chairman. Would you introduce yourself, please. [The biographical sketches of Ms. Phillips and Messrs. Tendick and Banister follow:] SUSAN M. PHILLIPS Susan M. Phillips was appointed Chairman of the Commodity Futures Trading Commission on November 17, 1983. She has previously served as Acting Chairman from May 1983 to November 1983 and as a Commissioner from November 1981 to May 1983. Her term expires April 13, 1985. Dr. Phillips has been connected with the University of Iowa since 1974 and is currently on leave from her position as Associate Professor of Finance. She also served the University as Associate Vice President of Finance and University Services from February 1979 to November 1981. During her last leave of absence from the University, July 1976 to July 1978, Dr. Phillips was a Brookings Economic Fellow and an SEC Economic Fellow. Dr. Phillips is a member of the American Finance Association and the Southern Risk and Insurance Association, which she has served as President (1978-1979) and in a number of other offices. She is also a member of the Board of Trustees of Agnes Scott College, from which she graduated with a B.A. in mathematics and economics in 1967. She is also a member of Phi Beta Kappa. Dr. Phillips received her M.S. in finance and economics in 1971 and Ph.D. in 1973, both from Louisiana State University. She has contributed to numerous books and publications, as well as presenting many research papers. Dr. Phillips was born in Richmond, Virginia, and currently lives in Washington, D.C. DONALD L. TENDICK Donald L. Tendick is Acting Executive Director of the Commodity Futures Trading Commission. Mr. Tendick has been involved with commodity industry regulation since 1964. A native of rural central Illinois, he received his Bachelor of Science degree in agricultural industries in 1964 from the University of Illinois, and earned his Masters of Business Administration degree in business economics from the University of Chicago in 1972. (1) |