H.R. 1003
To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.
Ordered to be Reported by Voice Vote.
Sponsor
Rep. Conaway, K. Michael [R-TX-11]
Bill Details
- Update Date
- Nov 15, 2022
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 1,003
- Congress
- 113
- Introduced Date
- Mar 6, 2013
- Policy Area
- Finance and Financial Sector
- Is Law
- No
Ordered to be Reported by Voice Vote.
Source: House committee actions
Committee Consideration and Mark-up Session Held.
Source: House committee actions
Committee Hearings Held.
Source: House committee actions
Referred to the House Committee on Agriculture.
Source: House floor actions
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
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.
Agriculture Committee
Introduced in House
Mar 6, 2013