The Senate Committee on Agriculture, Nutrition and Forestry considered testimony on the upcoming reauthorization of the CFTC.
The House Agriculture Committee held a hearing to examine the CFTC's proposed Regulation Automated Trading. Testimony focused primarily on the source code provisions of the proposed regulation.
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.
The House Committee on Agriculture held a public hearing on the CFTC's proposed customer protections rule. According to the Delta Strategy Group summary (which is linked below), much of the discussion focused on the impact of two CFTC rule proposals: (1) the requirement that, at all times, an FCM must maintain residual interest of their own collateral in segregated accounts so that one futures customer's funds are not used to margin or secure the positions of another futures customer and (2) the change in time allowed for margin calls to be met by customers before the FCM must take a capital
The House Committee on Agriculture held a hearing on the CFTC reauthorization. The hearing was intended to give the House Ag Committee an opportunity to review the CFTC's operations, examine the pressing issues facing the futures and swaps markets, evaluate how regulations are impacting end users and the agricultural community, and determine how best to protect customer funds while restoring confidence in our markets. In an opening statement, Chairman Lucas provided a critical assessment of the regulatory and enforcement approach the CFTC has taken of late, stating, "It would be one thing if