John V. Rainbolt
John V. Rainbolt was an attorney and former U.S. Army infantry officer who was a former commissioner of the U.S. Commodity Futures Trading Commission, appointed to serve a two-year term upon the creation of the commission in 1975. He passed away in September of 2022 at the age of 83.[1][2] He was nominated to the commission by President Gerald Ford on March 18, 1975 and confirmed by the Senate on April 10, 1975. He was formally sworn in on April 15, 1975 and elected to serve as vice chairman of the commission. He was a Democratic member of the commission.[3][4][5] Rainbolt was a key player in the creation of the CFTC when he served as the counsel of the Committee on Agriculture of the U.S. House of Representatives. As associate counsel, during the 93rd Congress of the United States, Rainbolt drafted the "Commodity Futures Trading Act of 1974" and was an active proponent of it before Congress and the general public.[6] Background[edit]Rainbolt served as a lieutenant in the U.S. Army from 1964 to 1967 in Fort Myer, Virginia. He served in the presidential honor guard, where his duties included standing watch at the Tomb of the Unknown Soldier in Arlington National Cemetery. His duties also included positioning the military band and honor guard and firing squad at full-dress funerals there.[7] Upon the completion of Rainbolt's term in 1977, he continued on in his position, sparking a debate about what the proper term for a holdover term was for the commission. He is a member of the bar of the District of Columbia and the State of Oklahoma. Rainbolt is the president of the CFTC Graduates Society, an organization for former CFTC commissioners and employees.[8] Education[edit]Rainbolt holds a bachelor of arts degree from the University of Oklahoma and a law degree from the University of Oklahoma Law School in 1984. References[edit]
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