CFTC Reauthorization Act of 2007
To reauthorize and amend the Commodity Exchange Act to promote legal certainty, enhance competition, and reduce systemic risk in markets for futures and over-the-counter derivatives, and for other purposes.
Other Bill Titles (2 more) 12/13/2007--Introduced.
CFTC Reauthorization Act of 2007 - Amends the Commodity Exchange Act to revise Commodities Futures Trading Commission (CFTC) jurisdiction over an agreement, contract, or retail transaction in foreign currency. Extends coverage to certain future commissions merch... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| December 13, 2007 |
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Blog Coverage
December 12, 2007 Bill Action: Introduced: HR 4626: To reauthorize and amend the ...
Bob Etheridge [D-NC] introduced HR 4626: To reauthorize and amend the Commodity Exchange Act to promote legal certainty, enhance competition, and reduce systemic risk in markets for futures and over-the-counter derivatives, ...
December 12, 2007 HR 4626, To reauthorize and amend the Commodity Exchange Act to ...
HR 4626 would reauthorize and amend the Commodity Exchange Act to promote legal certainty, enhance competition, and reduce systemic risk in markets for futures and over-the-counter derivatives.... Vote on This Bill: For | Against.










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Comments
The net capital increases are anti-competitive and do absolutely nothing to address risk of firms. The net capital requirements have been increased twice since 2006 from $250,000 to $1 million and last month to $5 million. All this does is create a few firms that do not have customer best interest.
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