The Senate Agriculture Committee met to consider the nominations of Republicans Brian D. Quintenz and Dawn DeBerry Stump, and Democrat Rostin Behnam, to serve as CFTC Commissioners.
The House of Representatives passed the Commodity End-User Relief Act. Approved by a 239 to 182 vote, the Act would make several reforms and reauthorize the CFTC with an appropriation of $250,000,000 for fiscal years 2017 through 2021.
House Committee on Agriculture Chair Michael Conaway (R-TX) recommended that CFTC Chair Timothy Massad "refrain from pushing through controversial regulations" for the remainder of his tenure.
The Senate Agricultural Committee passed the Commodity End-User Relief Act, a bill that would reauthorize the CFTC through 2018 and amend certain provisions of the Dodd–Frank Act.
In light of what he called "dramatically expanded responsibilities," CFTC Chair Timothy G. Massad urged the Senate Committee on Appropriations to approve President Obama's fiscal year 2017 budget request for the CFTC.
The House Committee on Agriculture continued its series of hearings on CFTC reauthorization. The latest hearing considered perspectives from a variety of market participants. The following witnesses testified: CME Group Executive Chair and President Terrence A. Duffy (written testimony); ICE...
CFTC Chair Timothy G. Massad expressed concern over Congressional funding for the agency in testimony before the Senate Committee on Agriculture. Chair Massad was the only witness at the hearing titled: "The Commodity Futures Trading Commission: Effective Enforcement and the Future of Derivatives...
Nineteen Senate Democrats led by Senator Carl Levin have filed an amicus brief asking the U.S. Circuit Court of Appeals for the District of Columbia to overturn a federal district court decision that vacated the CFTC's position limit rules issued under Dodd-Frank, ISDA v. CFTC , 887 F. Supp. 2d 259...
Representatives Maxine Waters and Collin C. Peterson, ranking members of the House Committee on Financial Services and the Committee on Agriculture respectively, have filed a motion for leave to submit a separate amicus brief in support of the CFTC in its appeal of a federal district court's ruling...
