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December 21, 2010

Ryan McKee, a senior director focusing on derivatives regulation at the U.S. Chamber of Commerce, has been appointed as a professional staffer at the House of Representatives Committee on Agriculture under Frank Lucas (R., Okla.), the committee's incoming chairman. McKee was best known for defending corporations against harsh new financial regulations that could raise their costs of hedging. McKee begins her new post in early January. Her role will be to liaise with the CFTC. Date Dec. 20, 2010 Cross References (links require a Cabinet subscription) Dodd-Frank Act, Title VII

February 01, 2011

News Article Republican lawmakers aiming to rein in the federal budget have asked U.S. agencies implementing the Dodd-Frank financial-rules overhaul to provide a full account of their spending, hiring and contracting. House Financial Services Committee Chairman Spencer Bachus and Representative Randy Neugebauer have asked nine agencies, including the Treasury Department, SEC, and CFTC to lay out the new law's effect on their fiscal 2011 budget requests. "It is our responsibility to ensure that mandates are not overly burdensome or wasteful of taxpayer money," Bachus and Neugebauer, who leads

February 04, 2011

The House Agriculture Committee will meet next Thursday to discuss rules being developed by the U.S. futures regulator, its first oversight hearing since Republicans took control and promised closer scrutiny of the process. The committee, which historically has had oversight of the CFTC, has signaled it plans to take a close look at the cost of the agency's regulations for businesses. The CFTC is moving too quickly on rules and in an "irrational sequence," said Frank Lucas, chairman of the committee, and Michael Conaway, who heads a subcommittee charged with risk management issues, last week

February 09, 2011

News Article Reuters February 8, 2011 The CFTC will face heightened scrutiny this year from the lawmakers who control its budget, the head of a congressional spending panel said on Tuesday. Republican Representative Jack Kingston, who chairs the House Agriculture Appropriations subcommittee, said he would examine the CFTC's requested budget increase to implement the Dodd-Frank financial reforms, which passed Congress last year over almost unanimous Republican opposition Top lawmakers on that panel have said the agency is sacrificing quality for speed as it races to write dozens of regulations

February 10, 2011

CFTC Testimony Remarks of Chairman Gary Gensler February 10, 2011 CFTC Chairman Gary Gensler testified before the House Committee on Agriculture and spoke on the agency's implementation of Dodd-Frank. He observed that the CFTC has thus far proposed rulemakings in 26 of the 30 areas established last July, and still must propose rules on capital and margin requirements, product definitions (jointly with the SEC) and the Volcker Rule. Gensler also discussed the issue of end user margin: "Transactions involvng non-financial entities do not present the same risk to the financial system as those