HR 4909
116th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Banking and financial institutions regulation
Commodities markets
Commodity Futures Trading Commission
Executive agency funding and structure
Government employee pay, benefits, personnel management
Judicial review and appeals
CFTC Cost-Benefit Analysis Improvement Act
Introduced: October 29, 2019
Introduced by:
Johnson, Dusty
Republican
· South Dakota
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 15, 2019
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Oct 29, 2019
Referred to the House Committee on Agriculture.
Oct 29, 2019
Introduced in House
Plain-English summary
CFTC Cost-Benefit Analysis Improvement Act
This bill generally revises the cost-benefit analysis requirements for the Commodity Futures Trading Commission (CFTC).
It establishes in the CFTC the Office of the Chief Economist. The office must perform the cost-benefit analyses of proposed CFTC regulations and orders. Additionally, such cost-benefit analyses must consider, among other things, the impact of market liquidity on relevant markets, available alternatives to direct regulation, and the cost of compliance for all regulated entities.
A court must affirm such cost-benefit analyses, unless it finds an abuse of discretion.
What's happening now
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Committees of jurisdiction
2