Commodity Futures Trading Commission Chairman Gary Gensler was the only witness in a hearing demonstrating the Agriculture Committee’s continuing interest in the implementation of Title VII of the Dodd/Frank law.
In upbeat fashion, Gensler reported his agency have proposed 28 out of 30 regulations the CFTC must promulgate. In response to questions from both sides of the aisle, he promised that his agency would not sacrifice any part of a thoughtful process leading to final regulations – even if it meant not meeting the statutory timeline requirements.
