H.R. 4909 · 116th Congress
CFTC Cost-Benefit Analysis Improvement Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
JohnsonSponsorNo cosponsors.
This bill generally revises the cost-benefit analysis requirements for the Commodity Futures Trading Commission (CFTC).
What it does: CRS summary · Introduced in House · Oct 29, 2019
CFTC Cost-Benefit Analysis Improvement Act
This bill generally revises the cost-benefit analysis requirements for the Commodity Futures Trading Commission (CFTC).
It establishes in the CFTC the Office of the Chief Economist. The office must perform the cost-benefit analyses of proposed CFTC regulations and orders. Additionally, such cost-benefit analyses must consider, among other things, the impact of market liquidity on relevant markets, available alternatives to direct regulation, and the cost of compliance for all regulated entities.
A court must affirm such cost-benefit analyses, unless it finds an abuse of discretion.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: CFTC Cost-Benefit Analysis Improvement Act
Latest action (Nov 15, 2019): Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Oct 29, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.