The President’s fiscal year 2021 budget for the Commodity Futures Trading Commission (CFTC) is misleadingly presented as a 7% increase when he is de facto proposing to slash the budget by more than 20%. Chronic underfunding of the CFTC has and continues to prevent Wall Street’s derivatives dealers from being effectively regulated and policed, which ultimately puts the financial system at risk and exposes hardworking Americans to another crash and future bailouts.  Our Fact Sheet below explains President Trump’s CFTC Budget Request in more detail.