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Tarp official is in line to be next CFTC chief

Obama preparing to name Timothy Massad as a replacement for Gary Gensler

The Obama administration is preparing to tap Timothy Massad, who has overseen the Treasury Department's bank-rescue program for the past three years, to head the Commodity Futures Trading Commission, according to current and former government officials familiar with the matter.

If confirmed by the Senate, Massad would fill the role vacated by Gary Gensler, who plans to step down when a successor is confirmed or when his tenure at the agency ends January 3.

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