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To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.
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.
- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on AgricultureIntroducedMarch 6th, 2013
- house Committees