The Commodity Futures Trading Commission will likely have just two commissioners as it heads into 2014.

As reported by Reuters and other Washington-based news sources on Wednesday, Senate Agriculture Chairman Debbie Stabenow (D-Mich.) told reporters her committee probably won't vote on nominations to replace departed and outgoing commissioners until next year. That would leave the five-member commission down to just two members – the minimum for a quorum – as it moves forward with an ambitious slate of derivatives reforms and remaining work mandated by the Dodd-Frank Act.

Delayed confirmation hearings would mean the confirmation of Presidential nominee J. Christopher Giancarlo, a manager at GFI Group and former chairman of the Wholesale Market Brokers' Association Americas, will remain on hold. His nomination to replace Republican Jill Sommers, who stepped down in early 2013, has been in limbo since August.

Also moving on are Chairman Gary Gensler and Democrat Bart Chilton. Last week, President Obama nominated Timothy Massad, a Treasury Department official, to replace Gensler, whose term expires on Jan. 3. Chilton has not yet announced when he will step down, but suggested during a Nov. 5 meeting to re-propose commodity trading position limits that it would be his last vote as a commissioner.

The gap between departures and new confirmations could leave Republican Scott O'Malia and Democrat Mark Wetjen as the only active commissioners.