DLA Piper announced today that former Commodity Futures Trading Commission Commissioner Bart Chilton is joining the firm on April 15 as a senior policy advisor in the Washington, DC, office.
Commissioner Chilton’s 30-year career in government service includes working in the US Congress and serving in the executive branch during the Clinton, Bush and Obama administrations. He has extensive experience in the development and debate of major public policy related to the financial services industry, including significant market and regulatory changes impacting the full spectrum of derivatives users.
Commissioner Chilton was nominated and confirmed as a CFTC Commissioner during the Bush and Obama Administrations (2007 and 2009), and he chaired the CFTC’s Energy and Environmental Markets Advisory and Global Markets Advisory committees. His tenure was marked by landmark efforts to assist industry participants with the myriad requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act, which created a complex regime for the regulation of the swaps marketplace.
“Bart will bring unmatched experience and insight as one of the commissioners who oversaw the enactment and implementation of Dodd-Frank,” said Jay Smith, chair of DLA Piper’s US Corporate and Finance practice. “With many of the key derivatives requirements now coming to fruition, Bart will be an invaluable resource for clients who will be subject to increased regulation over the next few years.”
In 2008, Commissioner Chilton led the Obama Transition Team with regard to the US Department of Agriculture. Prior to joining the CFTC, in 2005, he was a Schedule C political appointee of President Bush at the US Farm Credit Administration. From 2001 to 2005, Commissioner Chilton was a senior advisor to Senator Tom Daschle, who is currently a senior policy advisor at DLA Piper.
From 1995-2001, Commissioner Chilton was a Schedule C political appointee of President Clinton, where he rose to deputy chief of staff to US Secretary of Agriculture Dan Glickman. Earlier in his career, Commissioner Chilton worked in the US House of Representatives, where he served as legislative director for three different members of Congress and as the executive director of the bipartisan Congressional Rural Caucus.
“The addition of Bart will enhance the capabilities and visibility of our global swaps practice, as well as our access to other key decision-makers with regard to recent rulemaking,” added Marc Horwitz, head of DLA Piper’s Derivatives practice. “In addition to providing his unique insight on Dodd-Frank, Bart will assist our cross-border team in navigating thorny issues surrounding equivalency with comparable regulations that are being enacted in other jurisdictions.”
Commissioner Chilton is also the author of Ponzimonium: How Scam Artists Are Ripping Off America, a consumer education book published by the CFTC.
Notes to editors
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