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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

Bloomberg February 4, 2011 The CFTC may stagger the effective dates for Dodd-Frank Act rules to govern the $583 trillion swaps market, CFTC Chairman Gary Gensler said today in a speech. "Public comments will help inform the commission as to what requirements can be met sooner and which ones will take a bit more time," Gensler said in remarks prepared for delivery by videoconference to an American Bar Association derivatives and futures law committee at a conference in Naples, Florida. Cross References Dodd-Frank Act, Title VII

CFTC Dodd-Frank Rulemaking 76 Fed. Reg. 6715 February 8, 2011 Closing Date for Comments: April 11, 2011 The proposed rules would establish requirements for swap trading relationship documentation for swap dealers and major swap participants. The rule is being proposed pursuant to Section 731 of the Dodd-Frank Act added a new section 4s(i) to the Commodity Exchange Act, which requires the Commission to prescribe standards for swap dealers and major swap participants related to the timely and accurate confirmation, processing, netting, documentation, and valuation of swaps. Cross References Dodd

www.isda.org February 7, 2011 ISDA and SIFMA have published a comment letter in response to three Notices of Proposed Rulemaking: Real-Time Public Reporting of Swap Transaction Data; Swap Data Recordkeeping and Reporting Requirements; and Reporting, Recordkeeping, and Daily Trading Records Requirements for Swap Dealers and Major Swap Participants issued by the CFTC to implement provisions of Title VII of the Dodd-Frank Act. Cross References CFTC 17 CFR Parts 23, 43 45

CFTC Dodd-Frank Rulemaking 76 Fed. Reg. 6708 February 8, 2011 Closing Date for Comments: April 11, 2011 The proposed rule would set forth parameters for the inclusion of an orderly liquidation termination provision in the swap trading relationship documentation for swap dealers and major swap participants. The rule is being proposed pursuant to Section 731 of the Dodd-Frank Act added a new section 4s(i) to the Commodity Exchange Act, which requires the Commission to prescribe standards for swap dealers and major swap participants related to the timely and accurate confirmation, processing