H.R.1840 - To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.

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  • Official: To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
05/11/11
 
 
 
 
 
 
 

Official Summary

Amends the Commodity Exchange Act to revise the requirement that the Commodity Futures Trading Commission (CFTC), before promulgating a regulation or issuing an order, consider the costs and benefits of the action. Requires the CFTC, through the Office of the Chief Economist, to: (1) assess

Official Summary

Amends the Commodity Exchange Act to revise the requirement that the Commodity Futures Trading Commission (CFTC), before promulgating a regulation or issuing an order, consider the costs and benefits of the action. Requires the CFTC, through the Office of the Chief Economist, to:
(1) assess the costs and benefits, both qualitative and quantitative, of an intended regulation; and
(2) propose or adopt a regulation only on a reasoned determination that the benefits justify the costs. Lists additional mandatory considerations for the CFTC to evaluate in making a reasoned determination of the costs and the benefits, including the impact on market liquidity in the futures and swaps markets, as well as alternatives to direct regulation.

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Organizations Supporting H.R.1840

  • Agricultural Retailers Association
  • American Petroleum Institute
  • Business Roundtable
  • Financial Executives International
  • National Association of Corporate Treasurers
  • Real Estate Roundtable
  • ...and 4 more. See all.

Organizations Opposing H.R.1840

  • None via MapLight at this time.




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