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HR 1840 112th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Commodities markets Commodity Futures Trading Commission

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

Introduced: May 11, 2011 See on congress.gov
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 Everywhere this bill has been 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 16, 2012
Placed on the Union Calendar, Calendar No. 337.
May 16, 2012
Reported by the Committee on Agriculture. H. Rept. 112-482.
Jan 25, 2012
Ordered to be Reported by Voice Vote.
Jan 25, 2012
Subcommittee on General Farm Commodities and Risk Management Discharged.
Jan 25, 2012
Committee Consideration and Mark-up Session Held.
Jun 8, 2011
Referred to the Subcommittee on General Farm Commodities and Risk Management.
May 11, 2011
Referred to the House Committee on Agriculture.
May 11, 2011
Introduced in House
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

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.

What's happening now May 16, 2012

Placed on the Union Calendar, Calendar No. 337.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1