BUSINESS
11/21/2009 05:12 am ET | Updated May 25, 2011

Former Lobbyist Nominated -- Again -- To Head CFTC

Mother Jones's Daniel Schulman reports that former GOP aide and lobbyist Scott O'Malia has been nominated once again to head the Commodities Futures Trading Commission.

O'Malia was previously nominated to serve as CFTC commissioner under President Bush and faced little questioning about his past work as a lobbyist. His nomination stalled and now he's again up for a round of confirmation hearings.

O'Malia spent two years working as a top lobbyist for Mirant, an Atlanta-based firm accused of manipulating California's energy market and contributing to the state's electricity crisis.

A spokesperson for Sen. Blanche Lincoln, who chairs the Senate Agriculture, Nutrition and Forestry Committee, told Mother Jones that the senator plans to question O'Malia about his work with Mirant.

"The confirmation process exists to fully vet nominees," Katie Laning Niebaum, Lincoln's communications director, told me. " Chairman Lincoln will address this matter in the hearing and looks forward to complete, transparent answers from Mr. O'Malia and all nominees."

More here.

-- Jenna Staul