Walter Lukken was first appointed Commissioner in 2002 and is now serving his second term due to expire in 2010. President Bush nominated him in September 2007 to serve as Chairman of the CFTC. He served as Acting Chairman of the Commission from June 27, 2007 until January 20, 2009.
Commissioner Lukken has testified numerous times before Congress and has represented the agency as part of the President’s Working Group on Financial Markets. He also has represented the Commission before international organizations and forums, including the International Organization of Securities Commissions (IOSCO) and the Committee of European Securities Regulators (CESR).
Commissioner Lukken currently serves as chairman of the CFTC’s Energy Markets Advisory Committee, which was created by the Commission in February 2008 to address the timely and critical regulatory issues connected to the role of the futures markets for discovering prices and managing energy price risks. He also served as chairman of the CFTC’s Global Markets Advisory Committee (GMAC) from October 2003 through January 2008. The GMAC provides an industry forum in which it can discuss the many complex and novel issues raised by the ever-increasing globalization of futures markets.
Prior to joining the CFTC, Commissioner Lukken served for five years as counsel on the professional staff of the U.S. Senate Agriculture Committee under Chairman Richard Lugar (R-IN), specializing in futures and derivatives markets. In this capacity, he was prominently involved in the development, drafting and passage of the Commodity Futures Modernization Act of 2000 (H.R. 5660).
A native of Richmond, Indiana, he received his B.S. degree with honors from the Kelley School of Business at Indiana University, and his Juris Doctor degree from Lewis and Clark Law School in Portland, Oregon. Commissioner Lukken is a member of the Illinois Bar.