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Mozelle W. Thompson, a former principle deputy assistant secretary at the U.S. Treasury Department, has been appointed a commissioner at the Federal Trade Commission. He becomes the second African American to serve as a commissioner of the agency responsible for enforcing federal laws and rules prohibiting unfair or deceptive practices of competition in business. U.S. Court of Appeals Judge A. Leon Higginbotham briefly served there from October 1962 to January 1964.
While at the Treasury Department, Thompson was responsible for domestic spending and credit policies. He also created the Office of Privatization, which provides guidance in the privatization of federal assets and operations. “He brings a see of skills that should be beneficial for all of us in the trade area.” says Ernest Green, managing director of the public finance department at Lehman Brothers’ Washington, D.C. office. “Hopefully, Mozelle will put in motion a series of meetings across the country that allow minority businesses to address issues of trade, restraint of trade and opening opportunities.”
Created in 1914, the FTC has five commissioners. Each muse be nominated by the president, confirmed by the Senate and serve a seven year Berm. Thompson was appointed by President Clinton during Congress’ Christmas recess and was awaiting confirmation as of press time.