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.
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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.
Senate Agricultural Committee members questioned nominees for CFTC Commissioner.
The House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises reviewed the "Investment Advisers Modernization Act," which would require the SEC to modernize certain rules relating to investment advisers.