H.R. 1003 · 113th Congress
To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its…
Full title
To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ConawaySponsor6 cosponsors · 2 D, 4 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Commodity Exchange Act to revise the requirement that the Commodity Futures Trading Commission (CFTC), before promulgating a regulation or issuing an order, consider the costs and benefits of the action.
What it does: CRS summary · Introduced in House · Mar 6, 2013
Amends the Commodity Exchange Act to revise the requirement that the Commodity Futures Trading Commission (CFTC), before promulgating a regulation or issuing an order, consider the costs and benefits of the action. Requires the CFTC, through the Office of the Chief Economist, to: (1) assess the costs and benefits, both qualitative and quantitative, of an intended regulation; and (2) propose or adopt a regulation only on a reasoned determination that the benefits justify the costs.
Lists additional mandatory considerations for the CFTC to evaluate in making a reasoned determination of the costs and the benefits, including the impact on market liquidity in the futures and swaps markets, as well as alternatives to direct regulation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders.
Latest action (Mar 20, 2013): Ordered to be Reported by Voice Vote.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 6, 2013
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.